What to Think About in the Coming Year…

December 27, 2015 10:00am by

 

 

My Sunday Washington Post Business Section column is out. This morning, we look at the usual run of terrible year end financial advice.

I do not mince words about my annoyance with the usual filler. Here’s an excerpt from the column:

“I offer you none of that: no stock picks, no predictions, no economic analysis.

Note I am not going to tell you to “buy this, sell that.” I can’t for the simple reason I have no idea who you are, what your financial goals are, what taxes you owe, what you earn, how much you have saved and how old you are. Without knowing those factors (and other relevant information), how can anyone tell you what is right for you?

Instead, I am going to share 10 ideas with you. Follow them, and you will be a better all-around investor. Bonus: Everything on this list is broadly applicable to other endeavors.”

The column discusses ten concepts, ideas and actions that if you were to follow faithfully would make you a better investor. While we are at it, they probably will make you a smarter more productive person in general.

 

 

Source:
Bah humbug to ridiculous year-end financial advice
Barry Ritholtz
Washington Post, December 27, 2015
http://wapo.st/1RM6leU

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What's been said:

Discussions found on the web:
  1. ADMIN commented on Dec 27

    We are going to be experimenting with substituting Twitter/Facebook for comments

    Below are some tests/examples

  2. @unlovedtweeter commented on Dec 27

    This piece is like everything Mom told you you wished you’d listened to: obvious, basic, and brilliant.

  3. Singmaster commented on Dec 27

    In addition to Last Ape Standing, what other books were valuable to you?
    What on your list now?
    Other TBP readers, please offer your recommendations – fiction or non fiction

  5. howardoark commented on Dec 28

    other financial folks are less bashful

    Strategist/Firm Current end of Original end of
    2016 target 2015 target
    David Kostin, Goldman Sachs 2,100 2,100
    Brian Belski, BMO Capital 2,100 2,275
    Andrew Garthwaite, Credit Suisse 2,150 2,100
    Adam Parker, Morgan Stanley 2,175 2,275
    Savita Subramanian, B.ofA./Merrill 2,200 2,200
    Dubravko Lakos-Bujas, J.P. Morg 2,200 2,250
    Jonathan Glionna, Barclays 2,200 2,100
    David Bianco, Deutsche Bank 2,250 2,150
    Sam Stovall, S&P Capital IQ 2,250 2,250
    John Stoltzfus, Oppenheimer 2,300 2,311

    http://www.marketwatch.com/story/wall-streets-forecast-for-2016-worse-than-last-year-2015-12-28

    2.5% to 12.6% if the S&P ends at 2050. No one predicts a losing year

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