How do I make the best investment decisions? 

This is a question I often get from clients and especially prospects.

Investors should consider the quality of information they receive and the sources.

To invest, you need predictions and forecasts.

To make predictions and forecasts, a financial professional must have multiple sources of information.

The data must be independent and stress tested as new information is revealed.

To tackle this task being good with math is not enough.

We must put the numbers to good use.

Humility is a key component of a good forecaster.

Understanding phycological bias is also critical.

I must plan for both.

In addition, I must pay attention to the wisdom of the crowds as they provide valuable information.

In investing, it is more useful to pay attention to those who disagree with you than those who do.

I continue to seek and study contrarian viewpoints.

If I'm surrounded by like-minded people, I could lose my ability to use my mind.

How do you make investment decisions?

In investing, biases can manifest in a variety of different forms.

The first step is to recognize that we are all biased and must acknowledge this fact.

As a financial planner, I assume I have a bias.

Typical biases that I solve for are overconfidence, fear of loss, and status quo bias.

There are more, but these are key.

Creating some checkpoints to address the seen and unseen biases is critical.

The best marketers speak to my bias.

If I don't know my own bias, I can't plan for them.

If I can't plan for my own bias, I will likely suffer from them.

What I do is create a decision making matrix. Frame it. And use it.

None of the major wall street firms predicted the financial crisis. Probably, because they suffered from bias blindspot syndrome.

To address biases in business, I must surround myself with people with different opinions than my own.

Tune in today if you want to learn more about bias and investing decisions...

Inches from gold.

Life has an interesting way of teaching us priceless lessons.

The other day as I attempted to wash my car, I had an interesting reflection about persistence, perseverance, and, ultimately, achievement.

Many times, I've given up on projects probably too soon.

So in today's episode, I will discuss the importance of perseverance as it relates to your goals...

#goals

Taking my goals from me to we...

Every year I create a 12-month or 18-month plan.

That plan is then driven by mini projects every quarter and followed by a weekly reflection.

One of my mentors used to say you can't hit something you're not aiming for.

Do you believe this is true?

In today's episode, I get personal about my planning process and talk to you about what I do to evaluate my assets and liabilities at the economic and heart levels.

Join me on the inside.

Many people want to know if we are in a recession or going into one and when.

The challenge for most investors is they are looking for an absolute answer in a place with abundant noise.

Wall Street is noisy, and by the time they announce that something is happening by then, it's too late to be proactive about deciding what to do.

In today's episode, I'm going to share with you how I make decisions around key market conditions and how you can use these tools to help protect you and your family.

Join me on the inside...