When people buy the hottest stocks or the hottest funds, they end up having less and less diversification.
More Quotes from Scott Kahan:
Even though he is not eligible for the 401K, he can allocate this money into his non-qualified investments and then stop those savings when he starts his 401K.Scott Kahan
In the last several years there hasn't been much of a downside. There hasn't been much of a downside, so people have been spoiled. They don't have a clue as to how it really works.
Scott Kahan
People shouldn't chase returns. The average investor looks back at returns and buys based on performance. But people have to look at the worst-performing sectors, not the best-performing ones. That's where the smart investor goes.
Scott Kahan
It's been a hard lesson for some, and a good lesson for most people.
Scott Kahan
Doubling the student loan payment will reduce the time it takes to pay the loan, but the total savings in interest will be marginal.
Scott Kahan
Don't look at the past six months. Look at the past five, 10 or 20 years of returns.
Scott Kahan
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