by Michael Lecours | Sep 21, 2016 | Finding Confidence, Investment Behavior, Politics & the Economy, Uncategorized
The average chess player can see 1-3 moves ahead in a game of chess. But a grandmaster chess player can see 10 moves ahead and sometimes up to 20. More interestingly, when they look at the board they see shapes and patterns not number of moves. Playing chess is like...
by Michael Lecours | Sep 13, 2016 | Finding Confidence, Uncategorized
It didn’t take long for someone to make a connection between Clinton’s health scare on Sunday and the stock market. How Hillary Clinton’s Health Scare Threatens The Markets The premise is that the markets have always expected Clinton to win the presidency, but...
by Michael Lecours | Sep 12, 2016 | Investment Behavior, Uncategorized
Imagine you’re reading this post in a busy coffee shop. All of a sudden you look up and see people running out of the shop. What do you do first? Chances are, you get up and follow everyone else. You might not even know what’s going on at first. Are you getting...
by Michael Lecours | Aug 20, 2016 | Finding Confidence, Investment Behavior, Investment Strategies, Retirement, Uncategorized
Stay the course. That’s the secret. The pain we experience when we see the account balance drop is much greater than the joy we feel when we see the account balance increase by the same amount. Imagine you have a retirement account with $500,000 in it and it declines...
by Michael Lecours | Aug 18, 2016 | Finding Confidence, Investment Strategies, Personal Development, Retirement, Saving, Uncategorized
The story about a couple’s desire to retire in 4 year is compelling. They have applied many of the important financial planning concepts: 1) The plan to live a very modest lifestyle in retirement – They plan to need 30,000 a year in retirement. 2) They have cut and...
