My Money MD
- A global financial-services firm plans to bring the concept of investing in art to the not-super-wealthy investor. Art adds diversification to an investment portfolio in that it has low correlation with stocks -- meaning, when stocks go up or down, art does not necessarily follow.
- Emotions tend to guide our financial decisions -- often leading us to make mistakes with money. But studies show that embracing your emotions when making financial decisions can sometimes be helpful. Example: If you feel like you're being ripped off, you probably are.
- In 2009, the Harvard and Yale endowments were praised for beating the market with their broad diversification strategies. One year later, each of the endowments posted double-digit losses -- forcing Yale to borrow money to cover the shortfall. Here's what went wrong.
Dr. Shirley Mueller is a physician turned financial consultant and investment educator. Her fee is hourly, not a percentage of assets. She welcomes comments at ShirleyMMueller@MyMoneyMD.com. For more information, visit her website at MyMoneyMD.com.
Shirley Mueller, MD is a physician turned financial consultant and investment educator who specializes in guiding clients, both one-on-one and in groups, about how to effectively self-invest using a simple and effective three-step approach