Scott Kahan People Quotations

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

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 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.

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

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

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

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.

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 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.

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

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.

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.

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.