Nick Murray is one of my favorite writers on the topic of investment behavior. A great buying opportunity may be staring us right in the face yet so few investors will take advantage of it. A comprehensive wealth management plan should focus more on discipline and less on emotion. Just like every other bear market that has presented itself in the past (I have now been part of 8 in my lifetime), those who invested when things around us looked as bleak as they could be, were more than adequately rewarded. And while the media continues to focus solely on the negative, as they do in every down market, there were a few things happening over the past few months that may be telling a very different story.
1. The dollar volume of insider purchases in August was $681 million, up 15% from March 2009.