by Michael Lecours | Mar 17, 2015 | Finding Confidence, Investment Behavior, Retirement, Rule of Thumb, Uncategorized
Last week, a chart was circulating the internet helping to illustrate how much you should have saved for retirement based on your age (See Below). Like many rules of thumb, it can serve as a guide but it lacks several key assumptions. It doesn’t factor in pensions,...
by Michael Lecours | Feb 18, 2015 | Finding Confidence, Saving, Uncategorized
Recent reports show that the average baby boomer spends less eating out than millennials. On average baby boomers spend $2,386 per year eating out, while the average millennial spends $2,639. For baby boomers, 37% of every dollar spent on food is spent outside their...
by Michael Lecours | Sep 10, 2014 | Finding Confidence, Investment Strategies, Rule of Thumb, Uncategorized
What’s wrong with this chart? Give up? The folks that created the chart are trying to predict the next Black Swan – the next significant event that could derail the economy. The problem is, that by definition, black swan events are unpredictable and...
by Michael Lecours | Jun 15, 2014 | Economy, Finding Confidence, Investment Strategies, Uncategorized
At first glance, the trend of stock ownership in the US is quite declining. It appears that for most Americans, the percentage of stock in a portfolio is less and less. That’s scary… but there is more to this story than just another post about investors sitting in...
by Michael Lecours | Jun 13, 2014 | Economy, Finding Confidence, Uncategorized
American Funds recently wrote about innovation from a different angle than from my original post: the benefit to the innovative company. Here are a few highlights: “The markets often underestimate the impact innovation can have on a company’s growth prospects and...
by Michael Lecours | Apr 30, 2014 | Finding Confidence, Uncategorized
About 12-13 years ago, no one could turn on the TV or read an article about current events that did not talk about an energy shortage. Fear was gripping the nation that one day soon the world would run out of oil. Charts were posted showing that at current...
