Blog - Your Total Wealth

An index fund is a passively managed mutual fund.

Index Funds

INDEX FUNDS

An index fund is a passively managed mutual fund. They don’t try to find undervalued securities or actively trade in and out of stocks (or bonds, for bond index funds). They buy a portfolio of securities that replicates an index, such as the S&P500 Index. Then, they hold that portfolio, trading only when necessary (e.g., because a company was acquired…

David A. DubofskyFebruary 27, 2024

Investing

Why You Shouldn’t Invest Based on Which Party You Think Will Win the Midterms

By David Dubofsky and Lyle Sussman Oct. 20, 2022 2:46 pm ET As we approach the midterms, some clients may want to revisit their portfolios based on their fears or hopes about which party will control Congress. Why? Investors’ economic views have always been influenced by politics. Americans often vote their pocketbook believing that their party’s victory will lead to…

HSF PublishingJanuary 24, 2024

credit union

Expert Insight on Choosing Credit Unions

What are some reasons people should sign up for a credit union? Many credit unions will offer you a higher rate of return on your checking account, liquid savings account, term certificates of deposit, and other savings products. Savings are insured just like your savings are insured when deposited in a bank. Many credit unions will offer you a lower…

David A. DubofskyJanuary 20, 2024

Financial Planning

Ask Us Marketing

AUM Special Guest Interview - Dr. David Dubofsky - Research Based Marketing Event by Kalli Fedusenko, Financial Advisor Marketing Click here for LinkedIn Interview with Kalli Fedusenko: YouTube Interview with Kalli Fedusenko

HSF PublishingJanuary 10, 2024

Your Total Wealth

Great Review – Your Total Wealth!

"Achieving Your Total Wealth is a journey that begins with WHY, not WHAT and HOW" I love great writing and especially appreciate it when authors write in a style that might break a few rules to deliver complex information clearly. Dr. Sussman and Dr. Dubofsky have done that masterfully. This isn't the usual finance book, likely because it's written by…

HSF PublishingDecember 18, 2023

Financial Planning Retirement

Voices The art of asking: How the right questions, worded precisely, can help older clients

By Lyle Sussman, David Dubofsky November 30, 2023, 6:00 a.m. EST 3 Min Read Loss aversion, one of the major behavioral finance biases, is often defined as the pain of losing an amount of money exceeding the pleasure of gaining that same amount of money. It also refers to the reluctance of investors, and individuals in general, to realize losses,…

HSF PublishingDecember 3, 2023

Mortgage

THE PSYCHOLOGY OF, “I PAID OFF MY MORTGAGE”

Anyone who made a final mortgage payment for their house now owns an asset that is probably worth more than it was when the first mortgage check was written. But that homeowner owns much more than a physical asset. They not only built equity they also built self-esteem. Our latest #yourtotalwealth BLOG discusses the psychology of paying off a mortgage,…

HSF PublishingNovember 17, 2023

Uncategorized

THE PSYCHOLOGY OF HEDGING

We recently posted a short primer on HEDGING and the possible financial implications created by trying to mitigate risks. We now add to our BLOG on HEDGING with a different perspective focused not on finances per se, but on the perceptions and emotions while confronting the uncertainty. Is the situation a problem or merely an inconvenience? Carefully consider your unique…

HSF PublishingOctober 18, 2023

Financial Risk

The Risk Of Managing Risk

Financial advisors may have clients who have “done their homework” and are considering HEDGING their risks. When that happens both the client and advisor should discuss the potential risk inherent in any hedging strategy; hedging is a double edged sword. Our latest contribution to the #Yourtotalwealth BLOG provides a primer for this discussion on hedging. Enjoy, learn and share. (more…)

HSF PublishingSeptember 15, 2023

Financial Literacy

Smart People Doing Stupid Things

DECISION MAKING BIASES IN PERSONAL FINANCE OBJECTIVES • Reality check. Financial professionals and their clients are both constrained by their decision-making biases. • 3 Behavioral Finance biases affecting counselors and their clients: Confirmation Bias, Overconfidence, and Loss Aversion. • Strategies for mitigating the effects of these specific biases, and cognitive biases in general. Q and A. References for further…

HSF PublishingJuly 21, 2023