What’s Your Uncertainty/Humility Score?

401 Advisor, LLC
Published by Bill DeShurko · 

As the market moves higher, individual investor confidence tends to rise as well…unfoundedly so. Great article from Morningstar by Christine Benz. As I have said before, the time to prepare for a storm is when the sun is shining! From the article,

“Look for humility in your financial helpers. If you’re interviewing financial planners or advisors (or if you have one already), do they acknowledge that there’s a lot that they couldn’t possibly know? Does the recommended plan include accommodations in case something doesn’t play out as planned–stocks lose money for an extended period…”

http://beta.morningstar.com/…/whats-your-uncertaintyhumilit…

So much of the investment world is based on educated guessing; the sooner we all realize that, the better.
BETA.MORNINGSTAR.COM
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Charles H. Dow Award Winner 2008. The papers honored with this award have represented the richness and depth of technical analysis.

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