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Fulfilling Your Purpose

Are you a “good” or “bad” investor? That can’t be answered without an understanding of an investor’s purpose. If you know the purpose of an investor is to manage money in such a way as to make it grow, but your investment
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Plans Fail for Lack of Counsel, but with Many Advisers They Succeed

It’s a great time of year for the Pryors — Susie and I are getting ready to leave for our annual vacation on the Carolina beaches! While we’re there, we don’t buy newspapers, turn on the television, read any news, or do
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Investing with the Long-Term in Mind

In reading through Winning the Loser’s Game, source of this month’s cover article, I was especially taken by a chapter titled simply “Time” (much of which we included in the excerpt). It’s not that what Ellis wrote was new
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Things Are Not As They Seem

Sorting out the real from the illusory is one of the great challenges in investing, as in life. There’s often a disconnect between our perceptions and the underlying reality. Things are not as they seem. For
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Personalized Financial Planning Is Now Within Your Reach

A few years ago, ING ran an ad campaign that showed people going about their day, each carrying a number. The number was the unique amount each of them needed to save for retirement, and the focus of the ads was asking “Do
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Watching, Waiting, Planning, Working

“The end times are at hand and you want me to set up a plan?” Years ago, we sent out several thousand letters to Christians who we thought might have an interest in a resource such as SMI, one that could help them set up
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The Declaration of Independence Revisited

[This article has been updated from one that first appeared in SMI in the October 1994 issue. Sadly, more than 20 years later, it's more timely than ever.] “For where you have envy and selfish ambition, there you find
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Thanksgiving Stories

This Thanksgiving, many of us will gather with extended family to enjoy food, fellowship, and perhaps some football. It can also be a time of life-changing conversations. When my wife, Jude, and I became parents, we
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A Culture Trying to Stand on Sinking Sand

Two-thirds of baby-boomers will inherit family money over their lifetimes, according to research by the Boston College Center for Retirement Research, amounting to the tidy sum of some $7.6 trillion! But inheritors are up
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What Investing Newsletters Do That Financial Magazines Don’t

A well-stocked bookstore is likely to offer dozens of financial and business magazines. It usually takes a while for a newcomer to financial reading to gain a feel for their individual “personalities.” Many magazines focus
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