What is the Stock Market?

The stock market is confusing. When you talk about it, people tend to nod their heads sagely and make bland comments, like they do with most things relating to the economy. We know it’s important, and most of us hope it will provide us the retirement we want – but we don’t actually understand it,…

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Indexes 101, Part 2: Why So Many Indexes?

Remember when the financial media was positively giddy over the fact that the Dow Jones hit 20,000 points earlier this year (and we weren’t so impressed)? In part one of this series, we looked at what exactly the “points” measure in market indexes (not always what you might expect, as it turns out). Today, I…

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Why Does Everyone Experience Such Different Retirement Income Outcomes?

Individual investors are vulnerable to the sequence of market returns experienced over their investing lifetimes. Individuals who behave in exactly the same way over their careers (saving the same percentage of the same salary for the same number of years) can experience disparate outcomes based solely upon the specific sequence of investment returns that accompanies…

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