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Mastering Money

Mastering Money is hosted by Certified Income Specialistâ„¢ Steve Jurich. Steve's comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Sinclair Noe as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!
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Now displaying: Page 1

Dec 20, 2016

Many experts warn against relying on Monte Carlo simulations to choose investments, because of the human tendency to see what we want to see. Psychologists call it Confirmation Bias. Steve and Sinclair discuss the pro's and cons of Monte Carlo simulation charts--and how they can lead to some very costly mistakes and poor money decisions!