Apprise Wealth Management’s Selected Readings for the Week of May 19, 2019

Driving a Car Through the Mountains

At Apprise Wealth Management, we want to help people make better decisions about money. We also read constantly and like sharing some of our favorite commentaries each week.

We hope you will share our blog with your friends. If you are not a current subscriber, please sign up for our mailing list at the bottom of our blog page, or use our Contact Us page. If you would like to discuss one of these articles further, please email

On May 8th, I gave a webinar: 5 Shifts: Will You Retire With Confidence? Please click here if you would like to listen to the replay.

Here are this week’s articles as well as a brief description of each:

1.   7 Money-Saving Tricks That Actually Work. According to the 2018 Retirement Confidence Survey, less than two-thirds of Americans have saved anything for retirement. Almost half have saved less than $25,000. There are many demands competing for our limited funds. This article shares seven ways you could either start saving money or increase your current savings. Some, of course, are easier than others. The second item on the list, “Automate your savings,” was also the subject of this blog post.

2.   Can a Nice Doctor Make Treatments More Effective? When we need a doctor, we often focus on the doctor’s credentials when making a decision. However, research by Stanford University’s psychology department suggests that having a doctor you actually like can improve your health. Even placebos can have a greater effect if your doctor projects warmth and competence.

3.  Planting Financial Seeds for Your College Student’s Success. Do you have a high school senior that will be heading off to college in the fall like us? The college experience can be life-changing on many levels. Unfortunately, there are very few college classes that help our children deal with managing their personal finances. This article offers four important financial lessons our college students can develop during their college years.

·        Budgeting variable expenses

·        Use credit responsibly

·        Establish a credit history

·        Understand the powerful force of compounding

4.  The Push to Break up Big Tech Explained. Many are becoming increasingly concerned that today’s technology giants are becoming too powerful. At the same time, these companies offer considerable benefits to consumers. In 2019, politicians are starting to listen to these arguments. While the Democrats have been more vocal in their cries for more stringent antitrust enforcement, several Republicans are also voicing their concerns. If you’re interested in learning more about this issue, this article provides a nice overview of some of the key points for and against.

5.   Ten Behavioural Advantages Amateur Investors Hold Over Professionals. As discussed in this blog, behavior can impact our investment decision making. I also delved further into the topic when giving this presentation. These issues can affect professionals and amateurs alike. However, if you are not investing in a professional context, you may hold some advantages over those who do. For example, amateurs do not need to do any of the following:

·        Check their portfolio daily

·        Justify their fees and show their expertise by doing more rather than less

·        Make bold economic or market forecasts

·        Worry about what others are doing

The article cites other factors as well. Of course, none of this means that amateur investors are immune to the effects behavioral biases can have on investment decision-making. At Apprise, we believe strongly in the importance of having an investment process and sticking to it. We also believe it is important to be an investor rather than a speculator.

We hope you find the above posts valuable. If you would like to talk to us about financial topics including your investments, creating a financial plan, saving for college, or saving for your retirement please complete our contact form, and we will be in touch. We can schedule a call, a virtual meeting via Zoom, or a meeting at Apprise Wealth Management’s office in Northern Baltimore County.

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