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Bill Harris

Why you should ditch your mutual funds now

Why you should ditch your mutual funds now

Mutual funds have helped introduce the masses to stocks and have played a big role in portfolios for individual investors. However, they appear to be well past prime time. In 2015 the S&P 500 Index posted a meager total return of 1.4 percent, including...
5 Pieces of Advice I Learned From My Father

5 Pieces of Advice I Learned From My Father

KEY POINTS Strive for a balanced cash-to-equity ratio. Work, toil, and achieve. Seek to balance your long-term investments and short-term gains. I have always looked to my father, not so much for advice but rather for perspective on life. He doesn’t tell me...
7 Factors That May Negatively Affect Your Retirement Plan

7 Factors That May Negatively Affect Your Retirement Plan

KEY POINTS Save, but save early. The more you earn in compound interest the more you’ll have stored in that nest egg. Figure out how much in fees you’re paying each year. There may be hidden fees. Think about diversifying your investments and...
4 Reasons You Should Plan For Retirement Now

4 Reasons You Should Plan For Retirement Now

KEY POINTS Set realistic retirement goals and track your progress against them. Knowing your net worth can help inform a payment plan and an investment strategy. Stop overspending and choose to instead pay yourself every month. America is facing a $14...
How Hidden Fees Can Ruin Your Retirement Savings

How Hidden Fees Can Ruin Your Retirement Savings

KEY POINTS Check if your “financial advisor” is a fiduciary. Shop around before you commit to a brokerage or financial advisor with your retirement savings. Demand transparency when working with your advisor. Most people understand the basics of...
Tips from the Presidents: How to Create a Solid Financial Plan

Tips from the Presidents: How to Create a Solid Financial Plan

KEY POINTS Take some financial wisdom from our founding fathers this President’s Day. Why you should pay off your debts and save effortlessly with a 401(k). How to weather the ups and downs of your financial life. “Wealth can only be accumulated by the...
A Doctor for Your Money

A Doctor for Your Money

Do you want a doctor who gives you the medicine that’s best for you, or one that gives you the medicine he makes the most money on? The answer, of course, is obvious. Do you want a financial advisor who gives you the investments that are best for you, or one...
Personal Capital Now Manages Over One Billion Dollars

Personal Capital Now Manages Over One Billion Dollars

What’s up with one billion dollars? I’ll tell you later. The investing world has been slow to change – from branches and offices to online access – from once-a-quarter paper statements to real-time information – from brokers to advisors – from unreasonable...
Your Brain Will Make You Poor

Your Brain Will Make You Poor

This article was first published on CNBC by Bill Harris, CEO of Personal Capital. Our brains are a problem. We’re wired to respond to the immediate threats and gratifications of a simpler and more dangerous world. Our short-term bias inhibits our...