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This Client Asked Two Common Questions: Here’s Our Answer

A client recently asked me two questions: 1) What is the market going to do over the course of the next year? 2) What is the secret sauce that has led to our success in the markets? What I did was walk him through why those aren’t the right questions to ask an adviser. I walked him through what I believe any client or potential client should ask their investment adviser. The reasoning for my answer is deeply connected with why I believe a large number of investors, either on their own or with an adviser, don’t achieve the success they should be able to. Today’s podcast is a simple review of that conversation. I hope you enjoy. What We’re Reading The first rule of Investing is . . . This is a fantastic, quick read that we agree with wholeheartedly. The key to any “rules” is to implement them.
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Categories: Markets, Personal Finance, and Strategy.

How Your Peers Are Managing Their Money – Survey Results

Four weeks ago we had our newsletter subscribers participate in a survey and promised to share the results along with our thoughts on what they mean. Well the results are in and there are some interesting insights into what it means for you and your peers as you manage your money. We recognize that the data is not a perfect representation of investors as a whole.  Our subscribers are definitely a wealthier, more educated and more sophisticated slice of the population. Those subscribers who chose to participate may slant one way or another compared to those who chose not to. And finally, to keep it short and anonymous we didn’t get much of the detail that would have given even more insight into investor behavior. That said, below are the survey results and some of our thoughts on what they may mean for you as you consider your investments and
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Categories: Markets and Personal Finance.

Volatility Is The Price You Pay For The Returns On An Investment: The IGGA Podcast

If you are one of the many investors, who, like one of my client’s, has a misplaced notion of risk, you’ll get a lot out of today’s podcast. Also, you will probably want to talk with us about assessing how risk and returns play into your portfolio decisions. I can’t tell you the number of truly bright, hard working individuals that have deeply limited their portfolio’s value because they misunderstood risk. I hope you enjoy the podcast, and encourage you to give me a call to discuss how you should be looking at risk and investments for your time frame. Listen below.
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Categories: Personal Finance and Strategy.

Iron Gate Global Advisors June Survey – Enter For A Chance At A $50 Amazon Gift Card

The Iron Gate Global Advisors newsletter is received by thousands of participants like yourself who have an interest in their financial future.  Many have expressed a desire to improve their standing by enhancing their knowledge about personal finances, retirement and investing. In an effort to help you understand your peers so that you can perhaps improve your own portfolio, we would like to invite you to participate in a short survey. We will share the results in a few weeks with you through the newsletter and via our blog. All participant information will be undisclosed except as aggregate answers. As an added bonus we’re throwing in three Amazon $50 gift cards to be given to three lucky participants. Simply add your email at the end of the survey if you’d like a chance to win. We look forward to sharing the results with you. Complete The Survey Below Disclosures: All
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Categories: Personal Finance.

The Political Sell: Bad Choice or Horrible Choice?

Today, as I was watching CNBC and other news outlets, the coverage was primarily centered around a tweet that President Trump made earlier in the day. No one really knew what the tweet meant, but the fact that everyone was trying to figure it out was interesting to me. Back on May 17, the market fell 1.8% on the news that there could possibly be an impeachment. President Trump and his dealings with Russia would come back to bite him, and take him out of office. The news outlets, again, were going crazy with the news. All this recent fascination with President Trump had me thinking: What if someone sold their stocks every time the President did something stupid? How would that strategy work out? Below is a chart of the S&P 500 along with some stupid things that Presidents have done in recent memory. As you look at it,
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Categories: Market Commentary, Markets, and Personal Finance.

If You Fail to Plan, You Plan to Fail

What a glorious time to be invested in the stock market! The market has rallied 14% since the election on Nov. 4, the major indexes have rallied to hit all-time highs. We are far from the “euphoria” that Sir John Templeton discusses as being the end of a bull market. Despite all the good news, it’s impossible to know with certainty when it will come to a screeching halt. The hardest thing to do—we may even call it impossible—is time the market consistently. Someone may get luck once, or maybe even twice, but to time it again and again is a fool’s errand. At Iron Gate Global Advisors, we have what we call a “Bear Market Game Plan.” It’s part of our process that we implement when that Bear Market rears its ugly head. Below are a few of the characteristics of our plan. Know when to sell your stocks:
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Categories: Markets, Personal Finance, and Strategy.

The BIG Fallacy: ”No one cares about your money more than you do.”

You’ve all heard it. It’s been said over and over by anyone trying to sell you a trading service, software, newsletter, or anything similar: “no one cares about your money more than you do, so sign up today!” However, if there is one thing that over fifteen years of working with people has taught me it’s this: that phrase couldn’t be further from the truth! Let me explain. For 10 years, I worked for the biggest and best investor education company in the world today. Early in my career with that company, I was the one that used to utter that same phrase to anybody and everybody. I honestly thought it was true…until I saw what people actually did with their own money. Below are a few examples of what I’ve seen people do with their own money. Destroy their chances of a retirement because of some option or stock
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Categories: Personal Finance.

The Major Portfolio Threat Hiding In Plain Sight Of Most Investors

Over the last few months, I have reviewed over a dozen portfolios for individuals who weren’t clients but needed more clarity on their current portfolio. Within thirty minutes of looking at their portfolio, we—analysts at my firm and I— can determine the overall risk and forecasted return on a portfolio. Though I never wish to speak ill of other advisors, I have consistently seen one key mistake in people’s portfolios that is losing them far too much and giving them far too little. When we analyze a portfolio, we do this by stress testing the portfolio against bullish and bearish markets, analyzing its sensitivity to interest rates, and reviewing the expenses. The last of these, expenses, are what is driving me insane (and what I mentioned in the last paragraph)! Let me explain. There are three types of expenses that most people incur: An Advisor Fee. This is the fee
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Categories: Personal Finance.

January Market Commentary: Are You A Pessimist or an Optimist?

If you know a pessimist when it comes to the markets, you have to get them to watch this Market Commentary. Hopefully, it will change the way they invest. Why? Because we talk about wise investing for the long term and how there is almost no time in history when optimism hasn’t won out. I’ll also talk about performance. Usually in our Market Commentaries we are focused on the prior month and discussing performance. This time around however, we’re looking at 2016. Wow. What a year. So many excellent lessons epitomized by this past year. Finally, we talk about your money and how you should have it managed with us, or someone with a philosophy like ours. We have a process based on probabilities that will optimize your chance at success and minimize your likelihood of failure. So many people I talk to simply have a terrible plan in place
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Categories: Market Commentary and Personal Finance.

Did Confirmation Bias Hurt You As An Investor in 2016?

If 2016 taught you anything, it’s to expect the unexpected. From the worst start E-V-E-R in Wall Street history at the beginning of 2016, to the June Brexit shock and finally to November’s Trump Rally, this past year has been a roller coaster ride. Through all the volatility there is one thing that the great investors do. It’s part of their process, and it’s part of our process at Iron Gate Global. Jason Zweig from the Wall Street Journal said it best, he said – “To be a good investor, you have to be right much of the time. To be a great investor, you have to recognize how often you may be wrong.”  An example of this from the past year. The Election. How divisive was this past election? It was insane. We had Clinton voters arguing that Donald Trump is going to destroy the world and the markets,
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Categories: Markets and Personal Finance.
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