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The Black Art of Stock Picking

History has demonstrated that portfolios comprised of carefully selected individual stocks are unlikely to outperform investment portfolios consisting of low-cost, market-tracking index funds. And yet, even ardent supporters of index-tracking ETFs sometimes engage in the black art of stock-picking. If you decide to sin a little by investing a share of your portfolio in shares of individual companies, there are steps you can take to improve your chances of success.

Title's Matter

Investment management often triggers thoughts of how to invest in the markets. But how you title your brokerage accounts, bank accounts, and the real estate you own, and who you name as the beneficiaries of your retirement accounts, life insurance, annuities, and the like, are also critical to properly managing your family’s wealth.