Oak Wealth Advisors and Accountability

Oak Wealth Advisors and Accountability

Accountability is important. It is for this reason we have been disappointed by the media’s failure to hold their “experts” accountable for the recommendations and predictions that they issue. In the past, we have written about the underwhelming investment recommendations published by Barrons from their annual roundtable of experts. We have also highlighted the inability of Morningstar to publish rankings that accurately predict the future success of specific mutual funds. While we have emphasized the folly of following the predictions of others, until now, we have not critically reviewed our recommendations to clients that we have published. As fiduciaries, Oak Wealth Advisors has a ...

Diversified Portfolio Provides Better Long-Term Results

Diversified Portfolio Provides Better Long-Term Results

Everyone would prefer the investment markets to make consistent gains without any periods of negative performance.  Unfortunately, that is not the way the investment markets deliver returns. Research into investor psychology has confirmed what we have witnessed while working with clients for over twenty years.   The negative emotions tied to investment losses are significantly stronger than the positive feelings connected to investment gains.  To capitalize on this difference, some financial services firms have migrated to recommending portfolios that will generate far lower returns in the hopes of reducing the number of times the firm has to report negative returns to their clients. ...

Social Security Benefits Maximizing Strategies

Social Security Benefits Maximizing Strategies

Deciding when to begin receiving Social Security benefits is a major financial issue for anyone approaching retirement. There is a tradeoff between the amount of the monthly benefit and the number of payments you will receive. Most people know that beginning benefits prior to your full retirement age (currently age 66 and increasing to 67 for anyone born after 1960) will provide fewer dollars on a monthly basis. Delaying the receipt of benefits until 70 generates the maximum level of monthly benefits. ...

The Dangers of Greed

The Dangers of Greed

The wisdom of Dr. Seuss is far reaching. One of his tales that is particularly relevant as we enter 2014 is The Bippolo Seed. In this story, a duck finds a special seed that can grant wishes. Before the duck gets the seed planted, he is distracted by a fox advising him to wish for far more than he was originally seeking. The seed gets lost and the opportunity vanishes with it. The dangers of greed highlighted in the rhyming text will guide us this year. ...