ARK Innovation was up a stunning 147.8% in 2020 (versus the S&P 500 total return of 18.4%), which led to Wood’s assets under management surging from less than $10 billion at the end of 2019 to almost $85 billion today.
Most of the guilt people feel about spending money on unnecessary things arises from knowing they aren’t making tomorrow easier.
He reminded me that “retirement readiness” is more than having the money in the bank; it needs to take into consideration all aspects of your well-being—financial, social, emotional and physical.
I never imagined commerce screeching to a halt, leaving millions of Americans paralyzed with fear and struggle.
Speculators might or might not know anything about an asset but buy it on a hunch or because a celebrity is promoting it or because everybody else is buying it and it’s going up without me (“FOMO”).
Retirement has two primary elements, and they’re shockingly obvious at first glance. You must navigate the financial and the non-financial aspects of retirement.
Bringing manipulative and harmful practices to light will help all of us protect ourselves.
I’ve come to learn that three areas need to be addressed when teaching teens how to handle money. They all feel intertwined, but they aren’t.
Most instances of economic collapse are the result of war, corruption or gross economic mismanagement. Government action or inaction will dictate the severity of the shock.
I’d now like to introduce you to my candidate for the most difficult financial task a person must accomplish in a lifetime: decreasing an established lifestyle.
The housing market is red-hot, the travel industry is on the verge of poetic justice earned by a year lost, and certain consumer goods are increasingly difficult to find.
It’s hard enough to make money in things you think you understand, and it’s critically important to know what you don’t know.
Existing debt is often a contentious topic especially if one party has a disproportionate amount. Deciding how to tackle the debt will impact other priorities.
New grads will face many challenges, but if they address the retirement challenge from the very beginning, everything else will fall into place.
Twenty years ago, you took action on a major hole in your financial plan and then spent the last 20 years making the best of the time you bought yourself.
This irrational behavior is the underpinning of behavioral finance, the study of the influence of psychology on the behavior of investors.
The trick is to understand whether you’ve put yourself in a position to ignore the financial ramifications of a seemingly fortuitous opportunity.
The way I figured, as long as I didn’t have a storage unit, or even a garage I couldn’t pull my car into, I was doing just fine.
I believe the ability to change your personal financial philosophy is a wonderful privilege that many people simply ignore, if not deny.
When the memes stop, the excitement fades and the GameStop mania has run its course, what will be left is the underlying business.
