Scott Kahan Quotes (26 Quotes)

Investors have been buying a lot of securities in the last year that haven't made a lot of sense to buy. They bought stocks without knowing why, and so now they're selling stocks without knowing why.

When people buy the hottest stocks or the hottest funds, they end up having less and less diversification.

So look at the funds you own or ones you're considering buying. All that information can only make you a smarter investor.

People may have a better feeling psychologically than they did at the end of the year. They're a little more comfortable. So this is a good time to do a self-assessment.

People shouldn't chase returns. The average investor looks back at returns and buys based on performance. But people have to look at the worst-performing sectors, not the best-performing ones. That's where the smart investor goes.

It looks like he can save a lot of money each year since he has low expenses.

Brand recognition is nice, but a fund company that has a lot of good performers may be an indication of strong research. But not all funds will do well.

In the last several years there hasn't been much of a downside. There hasn't been much of a downside, so people have been spoiled. They don't have a clue as to how it really works.

For people who are looking to get into this market, they probably should not have more than 20 percent in tech.

The wild card is capital gains distributions. So you have to be very careful when you're changing your portfolio.

People tend to believe that whatever is doing well at the moment will always do well. In the 1990s everybody said value investing was dead and never to return, but managers who stuck to their guns obviously proved that wasn't the case.

Even though he is not eligible for the 401K, he can allocate this money into his non-qualified investments and then stop those savings when he starts his 401K.

I know people think three days is long term in the market these days. But if you're a long-term investor, 2, 3, 4 percent swings, which are big moves in a day, are meaningless when you look back.

Don't look at the past six months. Look at the past five, 10 or 20 years of returns.

Doubling the student loan payment will reduce the time it takes to pay the loan, but the total savings in interest will be marginal.

A lot of people just look at how the fund did last year and the Morningstar stars, but that's just the tip of the iceberg.

People should look at this market as a great learning experience. The best learning experience of how much risk you want to take is going through a down market.

People look at technology like it's a shining star, but it's no different than any other sector. A few good years can really pull up the averages. But a few bad years can really pull down the averages.

In sector plays, you should buy after a down period, when the numbers look terrible. But when you look at a fund, if similar funds have done well and one fund has done poorly, you don't use that logic.

People who get hurt the most are buying a handful of stocks. People who have been throwing money at the SP 500 have to be disappointed now.

It's been a hard lesson for some, and a good lesson for most people.

If he saves 2,500 between his 401(k) and outside savings, which he plans to do, this will grow to 526,450 at 8 percent over the next 11 years. The IRA rollover would add an additional 385,000 by age 57, bringing his investments, not including real estate, to over 900,000.

What happens is when something does well, people throw money at it.

With interest rates rising, we're advising people to go back to bonds.

With a 401(k), people don't realize how much they can save in taxes. They're clueless.

Young people are always afraid to commit money long-term.