iOS app Android app

Dan Solin
GET UPDATES FROM Dan Solin
 
Dan Solin is The New York Times' best-selling author of the Smartest series of books. His next book, The Smartest Sales Book You'll Ever Read, will be published in March, 2014.

Entries by Dan Solin

The Biggest Market Myth

(0) Comments | Posted February 2, 2016 | 5:42 PM

2016-01-25-1453754437-4903666-3153652073_5e2894d3e5_zoiloilwellpumpjacks.jpg
Photo courtesy of Flickr.

Particularly in times of extreme volatility, pundits come out of the woodwork to "explain" to the rest of us the reasons underlying the rise or fall of the stock market. For example, how many times have you...

Read Post

Terrible Advice in Tough Times

(0) Comments | Posted January 20, 2016 | 7:08 AM

2016-01-25-1453753581-2076420-14599002184_5966595e5a_zindexesforex.jpg
Photo courtesy of Flickr.



It's sad that terrible advice is so freely dispensed in tough times. Investors are at their most vulnerable, reeling from the market selloff. Many in the financial media see this as an opportunity to boost ratings...

Read Post

The Smartest Path For Investors in 2016

(1) Comments | Posted January 19, 2016 | 12:18 PM

2016-01-19-1453224387-4999831-SolinRoadmapV7final.jpg
Read Post

What Warren Buffett Isn't Doing

(0) Comments | Posted January 12, 2016 | 6:37 PM

2016-01-11-1452555621-9758708-10311228024_c140af1e9a_zbuffett.jpg
Photo courtesy of Flickr.

I don't know Warren Buffett. I didn't interview him for this article. But I'm pretty sure I know what he isn't doing to cope with the worst first four trading days in history for the S&P 500 index...

Read Post

The Core of Wall Street Is Rotten

(28) Comments | Posted December 29, 2015 | 5:04 PM

2015-12-22-1450819475-3657365-2207307656_b71dc9d2ef_zgreed.jpg
Photo courtesy of Flickr.

I remember feeling repulsed when I first read that Martin Shkreli, CEO of Turing Pharmaceuticals, raised the price of its proprietary drug, Daraprim, by 5,000 percent. This increase caused the price of each pill to go...

Read Post

'The Big Short': A Big Wake-Up Call

(1) Comments | Posted December 28, 2015 | 8:26 AM

2015-12-28-1451344969-8682580-4171023612_17dbfac478_z1wallstreet.jpg
Photo courtesy of Flickr.

I agree with the glowing reviews of The Big Short. The film does a wonderful job of exposing the mendacity of the financial industry and the role it played in almost causing a worldwide...
Read Post

Surprising Lessons About Investing From Donald Trump

(0) Comments | Posted December 22, 2015 | 7:15 PM

2015-12-16-1450294233-5096333-5440004897_019dde2b8c_zTrump.jpg
Photo courtesy of Flickr.

I write about investing, not politics. By invoking Donald Trump as an example, please understand that I'm taking no political position.

That said, there are some surprising lessons you can learn from Trump about investing. Here are two...

Read Post

An Open Letter to Meredith Whitney

(0) Comments | Posted December 15, 2015 | 5:31 PM

2015-12-10-1449780140-9541383-4639772572_c536c5b1dc_oletter.jpg
Photo courtesy of Flickr.



Dear Ms. Whitney,

I want to congratulate you on your return to the business of managing money. I understand you will be managing an equity portfolio for a Bermuda-based insurer, Arch Capital...

Read Post

The Secret Wall Street Doesn't Want You to Know

(1) Comments | Posted November 27, 2015 | 10:12 PM

2015-12-01-1449000839-3979978-4171023612_17dbfac478_zwallstreet.jpg
Photo courtesy of Flickr.



I am not endorsing any political views, but I did note an observation made by Bernie Sanders in the recent Democratic presidential primary debate. He stated that Wall Street's "business model is greed and...

Read Post

Compelling Employees to Make Bad Choices

(0) Comments | Posted November 25, 2015 | 8:52 AM

2015-11-30-1448924410-1956633-7067724529_a0862284e9_z401kpiggybank.jpg
Photo courtesy of Flickr.


I don't want to rehash all the reasons for my view that investors should avoid actively managed funds, expensive, complex investment products and "alternative investments" like hedge funds and private equity. If you find these investments suitable, you...

Read Post

Buy This Annuity So I Can Take a Cruise

(0) Comments | Posted November 20, 2015 | 3:53 PM

2015-11-23-1448321730-6866091-5328784595_f73fe60d77_zbeach.jpg
Photo courtesy of Flickr.



The current controversy over the proposal by the U.S. Department of Labor to impose a fiduciary standard on those who advise retirement plans has little to do with the rule's merit. Rather, I believe it's at...

Read Post

A Game You Shouldn't Play

(0) Comments | Posted November 17, 2015 | 5:18 PM

2015-11-10-1447196738-340422-3476369129_9109335828_zgameover.jpg
Photo courtesy of Flickr.



It seems like almost every week a new study appears to debunk the myth of active management. This week was no exception.

Robin Powell, a U.K.-based journalist and financial blogger, discussed a recent...

Read Post

Misleading "Debates" on Active vs. Passive Harm Investors

(0) Comments | Posted November 3, 2015 | 5:34 PM

2015-10-29-1446157705-4166873-479370088_2e7091fc6e_zstockmarket.jpg
Photo courtesy of Flickr.



While it's a low bar, Bloomberg TV always seemed to me to be the best of the financial media. Its anchors are professional and knowledgeable. Its coverage is broad and responsible. It avoids the hype and...

Read Post

Non-Disclosure Is Harming Your Returns

(0) Comments | Posted November 3, 2015 | 6:48 AM

2015-11-04-1446678954-5791443-71966603_510df3d875_zwallstreet.jpg
Photo courtesy of Flickr.



The current debate over a proposal by the U.S. Department of Labor, which would require advisors to act as fiduciaries to the retirement plans they serve, obscures an important issue. It's bad enough that stockbrokers are...

Read Post

Your 'Wealth Advisor' Probably Isn't One

(1) Comments | Posted October 27, 2015 | 8:17 PM

2015-10-19-1445291175-3966786-11746719224_25675af5b1_z.jpgPhoto courtesy of Flickr.

Last week, I wrote about an experience I had with a broker who took offense at the use of the term "broker" in a talk I gave to a group of investors. I found that odd because he...

Read Post

Collapsing Arguments for Conflicted Advice

(0) Comments | Posted October 20, 2015 | 6:19 PM

2015-10-19-1445294307-7591032-16821469876_8d062d433d_z.jpg
Photo courtesy of Flickr.


I had an interesting experience recently. I gave a talk to a group of investors. In the audience were a few brokers. My presentation consisted of two basic points:

1. Send an email...

Read Post

A Hidden Risk You Never Saw Coming

(0) Comments | Posted October 13, 2015 | 6:21 PM

Ken Griffin is a hedge fund manager with an enviable net worth of $7 billion. According to published reports, he recently settled a contentious divorce dispute with his wife, Anne Dias Griffin, shortly before it was scheduled to go to trial.

There was a lot at stake. His...

Read Post

Don't Call Your Broker

(0) Comments | Posted October 6, 2015 | 6:14 PM

The market has been experiencing gut-wrenching volatility recently. Monday, Aug. 24 was a particularly unsettling day. The Dow Jones Industrial Average (DJIA) lost 1,089 points before rallying to close down 588.

This kind of roller coaster ride creates understandable anxiety among investors. Should you sell and sit on the sidelines,...

Read Post

Hedge Fund Myths and Misdeeds

(0) Comments | Posted September 29, 2015 | 6:23 PM

If anyone could demonstrate expertise in "beating the market," you would think it would be hedge fund managers. They get paid hefty fees (often 2 percent of assets under management plus 20 percent of profits) to generate "alpha." Successful hedge fund managers make obscene amounts of money. The top hedge...

Read Post

$50,000 (or More) May Be Yours for the Asking

(1) Comments | Posted September 18, 2015 | 11:37 AM

Investing is a unique business. After all, you wouldn't think of buying any commercial item (like a car) without first negotiating for the lowest price. And few people would consider buying a product if they had no information about its price tag. Yet that is precisely what most investors do....

Read Post