We talk about the market is present tense even though it is always past. What has just happened directs our perceptiuon of what's to come. Some of biggest investing mistakes occur from expecting what has just transpired will continue. It's all part of human cogition defect know as the "recency effect."
One of the most effective ways to enhance your wealth: aggressively eliminating unnecessary investment costs. You know where to find them. Discover both the transparent and hidden fees and learn that some fees are worth more than others.
Income, not investments, are on the mind of most people. The insurance industry is very aware of this concern and meets this concern with a variety of complex products, commonly known as "living benefits". These products "assure" people of a guaranteed income if you just hand over a pile of money to them. What they don't mention is how expensive these products are.
I am often accused of being unreasonably critical of the majority of the financial services industry. I partially agree with this characterization; I am critical. With good reason, as the majority of the financial services industry is hazardous to your wealth.
Why do we seek out the bad advice promulgated by most of the money media? It may be because want to know the unknowable. So, where do those who know that knowing the unknowable (the future, for instance) can’t be known (that was fun to write) turn for helpful financial and investing advice?