Steven Kaye
Steven Kaye
net worth
It's net worth to them. It's worth nothing to you.
assets mean net worth
Just because your assets are going up doesn't mean your net worth is going up.
david expect fund great hell manager running stock stopped time whenever
If it's a guru-driven fund, with a great stock picker - like if David Alger stopped running the Alger Fund -- we would expect the unknown. Whenever there is a manager change, most of the time you don't know what the hell you're going to get.
contribute qualified retirement
If you can contribute to two qualified retirement plans, then do it.
formula magic return
There's no magic formula to get you through this. Return to the fundamentals. Look at what's on sale.
people
People should make resolutions not to go for gimmicks.
bad buy emotions great high leads people sell
Our emotions say that when something is going up, it's great and it will always go up. And when something is going down, it's bad and will always be going down. That leads people to buy high and sell low.
fund shame
The 401(k) can get you where you want to go, it's just a shame that you have to fund it yourself.
bear classic economic front good justify market
This is a classic bear market rally, a sucker's rally. There has not been anything good on the economic front to justify this run-up.
forget sell
Forget about your jewelry. You're not going to sell it. You're going to give it to your daughter.
biggest income later mistake mode people percent putting saving
The biggest mistake is putting it off. If people can get in the mode of saving 10 to 15 percent of their income when they're young, they'll be financially well off later on in life.
accounts five looking
When I look at the different accounts it's like looking at someone with five different personalities.