Investing

Evan Cooper writes that investing is less relevant to a comfortable retirement than most people think. Appropriate levels of saving and spending are the real drivers of adequate retirement resources. Not necessarily something that the asset management and accumulation industry wants to acknowledge, but the views expressed make perfect sense. This poses a challenge for advisers, because investing has sex appeal and most schnooks are under the impression that finding the right investment or the...

Minimizing large investment losses such as those experienced by many during the past two years can be a more important factor in one's financial health than large investment gains. Vanguard Founder John Bogle frequently discusses the importance of avoiding large losses: “People often don’t understand why they are still in a deep hole, even after they’ve had a year of great returns,” said John Bogle, the founder of Vanguard and the creator of the first index mutual fund...