Learning Center

The Core of Wall Street Is Rotten

Date11 Jan 2016

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I remember feeling repulsed when I first read that Martin Shkreli, CEO of Turing Pharmaceuticals, raised the price of its proprietary drug, Daraprim, by 5,000 percent. This increase caused the price of each pill to go from $13.50 to $750. At the time, I did some research on the disease that Daraprim is prescribed to...

The Truth About Credit Premiums

Date11 Jan 2016

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Interest rates, which have sat at or near historical lows during the past seven years, have led many investors to seek additional yield in the form of credit risk. The recent trend, and its popularity, gives us an opportunity to determine if this risk historically has been rewarded by examining the credit risk premium in...

Putting a Price on Fun

Date11 Jan 2016

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A few years ago, my wife and I considered buying a boat. We both grew up water-skiing on the lakes here in Utah, and some of my best memories involve being on the water. I was talking about this with my friend Eric, because he has a boat, and he introduced me to his “cost...

Beware The Recency Pitfall

Date04 Jan 2016

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“Recency” can be described as the tendency to overweight recent events or trends and ignore the long-term evidence. It’s one of the more common and costly behavioral mistakes that individual investors can make, often leading them to buy high and sell low. Clearly, this represents a major problem, as such behavior is exactly opposite of...

The Secret Wall Street Doesn’t Want You to Know

Date04 Jan 2016

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I am not endorsing any political views, but I did note an observation made by Bernie Sanders in the recent Democratic presidential primary debate. He stated that Wall Street’s “business model is greed and fraud.” There’s a lot of data supporting that view. A history of unethical conduct The Securities and Exchange Commission (SEC) compiled...

Financial Calm and Confidence

Date04 Jan 2016

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The best financial relationships occur when your wealth advisor is interested not just in investing your money, but in investing in your life. Manisha Thakor on helping clients achieve financial clarity, calm and confidence through the process of true wealth management. Financial Calm and Confidence from The BAM ALLIANCE on Vimeo.

Make joy-based budgeting a New Year’s resolution

Date28 Dec 2015

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Do your New Year’s resolutions for 2016 include crafting a workable budget that you’ll actually want to stick to? Are you stumped about how to make it happen? One answer is an approach that financial advisor Manisha Thakor, director of wealth strategies for women at Buckingham and The BAM Alliance, calls “joy-based budgeting.” First, estimate...

Your Most Valuable Asset Is Yourself

Date28 Dec 2015

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Years ago, my colleagues and I conducted a fairly large-scale research project. We interviewed a bunch of high-income professionals who provided professional services. This group included doctors, dentists and lawyers, and like most of us, they earned money only when they were working. In essence, they traded their time for dollars. Our finding was this:...

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