Tag: Broker
Fiduciary Duty: What It Means for You as an Investor
One of the key distinctions of working with an RIA is that we have a fiduciary duty. This means we must always act in your best interests, even if that decision is not the most profitable for us. Unlike financial advisers who may operate under a suitability standard (meaning their recommendations only need to be…
The Ultimate Guide to Understanding the Role of a Registered Investment Adviser (RIA)
As a Registered Investment Adviser (RIA), we provide clients with professional guidance on how to manage their wealth and investments. But what exactly does an RIA do, and how can it benefit you as an investor? In this guide, we’ll walk you through the core responsibilities of an RIA, how we differ from brokers or…
Don’t focus on making money; focus on protecting what you have
Risk management is paramount. Avoid being reckless with your portfolio. Focus on minimizing losses before chasing profits. Financial markets are ever-changing. Traders and investors must stay informed, adjust strategies, and be flexible to survive and thrive.
The Psychology of Trading and the Importance of Risk Discipline
Subconscious biases and emotional tendencies often drive traders to self-sabotage, leading them to make decisions that align more with their hidden desires than their financial goals. Some traders subconsciously “win” by losing money, reinforcing their own behavioral patterns. Additionally, the balance between boldness and caution is crucial; while high-risk strategies may lead to short-term gains,…
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1
Losing money means you lose your base for compounding returns, which is essential for long-term wealth growth. Avoid unnecessary risks. The stock market is a device for transferring money from the impatient to the patient. Successful investing often requires patience. Those who chase quick gains or panic-sell during downturns end up losing to disciplined, patient…
The Art of Risk-Reward Management and Capitalizing on Market Uncertainty
Even if you’re wrong most of the time, your wins can outweigh your losses if you properly manage your risk and position size. Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected Markets often price in common knowledge. Profits lie in…
The Profit of Patience
If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money
The Power of Patience
If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money
The Unstoppable Drive
When I was younger, there was something in me. I had passion. I may not have known what I was going to do with that passion, but there was something and I still feel it. It’s this little engine that roars inside of me, and I just want to keep going and going
The Wisdom of Caution
There are old traders and there are bold traders, but there are very few old, bold traders
