KEN WEBER: In the News

Media Contact:

Leesy Palmer
Impact Communications, Inc.
800-974-7753
LeesyPalmer@ImpactCommunications.org

Article by Ken Weber – December 8, 2016

8 things you should know before the Fed hikes interest rates

With interest rates near zero, you may feel tempted to borrow money to play the stock market. Don’t, says Ken Weber, president of Weber Asset Management in Lake Success, New York. The stock market had gone up for more than six years. Still, the market is hard to predict. “It is vulnerable to a downturn,” Weber says.

Article by Ken Weber – February 9, 2016

How to overcome common investing pitfalls

Investors will make mistakes; it’s human nature. No one has a crystal ball. But we do have biases, ill-conceived notions and emotional roadblocks that can affect our investing decisions. Ken Weber of Weber Asset Management discusses five ways we humans can avoid common investing pitfalls while trying to invest for the long-term. This article was originally published on NerdWallet.com.

Article by Cameron Huddleston – January 27, 2016

Twenty Tricks for Retiring Rich

Ken Weber of Weber Asset Management says one of the tricks for retiring rich is to stay the course. You might think you’re protecting your nest egg by pulling your money out of the stock market during downturns. But what you’re really doing is locking in losses by selling when stocks are down and missing out on opportunities for your investments to rebound.

“A well-constructed financial plan takes market gyrations into consideration,” Weber said. “If you have full faith in your plan, it becomes easy to ride through market choppiness.”

Podcast interview by Courtney Woodworth – January 27, 2016

Suitability vs Fiduciary: What Most Investors Don’t Know

Ken Weber, President of Weber Asset Management, talks about the difference between the suitability standard and the fiduciary standard, and which model might be more aligned with the average investor’s best interest.

Podcast interview by Courtney Woodworth – January 27, 2016

The Benefits of Investing for Total Return

Ken Weber, President of Weber Asset Management, sits down with Courtney Woodworth to talk about how hot topics such as oil and low interest rates are affecting the market and how investing for total return instead of interest is more beneficial for clients and their retirement goals. Ken also shares what he sees are the most common mistakes investors are making and the reason headlines are partially to blame.

Podcast interview by Veronica Dagher – January 15, 2016

The Top Retirement Mistakes People Make

In this podcast, “Watching Your Wealth,” Ken Weber of Weber Asset Management was interviewed by Wall Street Journal writer, Veronica Dagher. Author of “Dear Investor: What the HELL Are You Doing?” Ken talks about the most common retirement missteps people make, and what you can do to make your money last longer. Plus, why you should apply for financial aid for your child even if you’re wealthy.

Article by Ky Trang Ho – January 11, 2016

China’s Stock Market: How To Make Sense Of The Bloodbath

“A good chunk of the blame for the turmoil in China can be traced to factors that are unlikely to significantly reverse in the foreseeable future: an aging population, a labor shortage that grows worse with time, and reduced demand from other emerging market economies that have been hit hard by the collapse in oil and commodity prices,” says Ken Weber, president of Weber Asset Management in Lake Success, N.Y.

News Release – January 7, 2016

Top Five Money Mistakes to Avoid in 2016

According to a recent study on New Year’s Resolutions in the Journal of Clinical Psychology, spending less and saving more is one of the top five most popular resolutions people make each year. However, less than 50% of those who make resolutions maintain them for more than 6 months. But the good news is that people who explicitly make resolutions are ten times more likely to reach their goals than people who don’t explicitly make resolutions. According to Ken Weber, an independent investment advisor and president of Weber Asset Management in Lake Success, NY, making a plan and sticking to it is crucial for long-term financial success, regardless of whether or not you’re the type of person who makes resolutions each year.

Article by Terri Williams – December 22, 2015

9 Financial Mistakes Retirees Can’t Afford to Make

Retirees can’t afford to let political drama determine their financial decisions, according to Ken Weber, president of Weber Asset Management in Lake Success, N.Y. “As the nation has become increasingly divided politically, I am seeing more older investors becoming fearful about ‘the way this country is headed.’” In fact, Weber says they tend to use those exact words, and he can hear the fear in their voices.

Article by Sheryl Nance-Nash – December 17, 2015

Boost your financial literacy with these steps

America’s financial literacy report card is nothing to brag about. Only 57 percent of Americans got a passing grade on financial literacy, according to a new Standard & Poor’s Ratings Services Global Financial Literacy Survey. If you think you’re not smarter than a fifth-grader when it comes to finances, here’s what to do for yourself and your family to get an A+.

Talk to your children: “You don’t have to get naked to talk about sex, you don’t need to get overly specific about your financial situation. Do let them know money is limited, which helps in setting priorities and family goals,” says Ken Weber, president of Weber Asset Management in Lake Success. Allowances and piggy banks work for younger children. Hand teens articles about investing. Says Weber, “One good story about a personal investment that did well will be remembered for a lifetime.”

Article by Jen Miller – December 2015

Survive a Stock Market Dip

The key to protecting yourself against a dip in the market is to have a portfolio that matches your financial situation, including factors like your expected retirement age and your tolerance for risks, says Ken Weber, president of Weber Asset Management in Lake Success, N.Y. If your portfolio is too risky for what your gut can bear—whether because of your proximity to retirement or not—meeting with a financial advisor can help you adjust your accounts to better match your risk to what you can tolerate.

Article by Sheryl Nance-Nash – December 3, 2015

Four financial blunders to avoid

Ken Weber, a Lake Success financial advisor and author of “Dear Investor, What the HELL Are You Doing?” is quoted in this Newsday article about four financial blunders to avoid. Weber’s comment is first on the list: Don’t hit the panic button. “People can’t separate short-term market fluctuations from long-term goals.”

Updated article by Michael Giusti – November 27, 2015

Mortgage: Be aware of some things before Fed hikes interest rates

With interest rates near zero, you may feel the temptation to borrow money to play the stock market. Don’t, said Ken Weber, president of Weber Asset Management in Lake Success, New York.

Article by Ken Weber – November 25, 2015

Annuities and Castles

Check out Ken Weber’s blog on “Annuities and Castles” to learn more about how paying annuity expenses might just be funding someone else’s castle.

Article by Cameron Huddleston – November 20, 2015


10 Infamous ‘Last Words’ of Personal Finance

Ken Weber, President of Weber Asset Management, and author of “Dear Investor: What the HELL Are You Doing?” was quoted in this piece by Cameron Huddleston of GoBankingRates.com. Ken responded to the infamous last words, ‘I’m Going to Pull My Money Out of Stocks and Wait Until the Market Straightens Out to Get Back In’: “When you get out when the market is low, you’re locking in your losses and you’re locking yourself out of the eventual recovery,” Weber said. As long as you have a diversified portfolio of mutual funds, you should stay the course during downturns.

Article by Lou Carlozo – November 15, 2015

20 Money Mistakes You’re Making Now

When stocks are on the rise, it’s tempting to think that you’re smart enough to know when to get in and get out to make a killing. But the experts say it’s nearly impossible to do this correctly every single time. “You have to be right twice — you have to get out at the right time, and then you have to get back in at the right time,” said Ken Weber, president of Weber Asset Management and author of “Dear Investor, What the HELL are You Doing?”

Profile by Noah Manskar – November 5, 2015

Temple trustee brings investment advice

Ken Weber’s name has a wide reach. The Great Neck resident gives investment advice to clients all over the country, from teachers to doctors to multimillionaires, through his Lake Success-based firm, Weber Asset Management. And his recent book, “Dear Investor, What the HELL Are You Doing?” is exposing his investment tips to many others. Now, he’s bringing those tips to New Hyde Park’s Temple Tikvah — of which he was a founding member — in a Nov. 7 “Lunch and Learn” talk.

News release – October 14, 2015

Long Island Investing Expert Ken Weber Asks:
What the HELL Are Investors Thinking?

Book author, financial advisor and resident of Great Neck Ken Weber will be the featured speaker at Temple Tikvah of New Hyde Park on Saturday, November 7, 2015. The financial conversation will take place at 12:00 p.m. and is a part of the congregation’s Lunch & Learn series. Weber is the author of Dear Investor, What the HELL Are You Doing?: Smart and Easy Ways to Fix the Mistakes You Make With Your Money (Greenleaf Book Group Press, 248 pages, ISBN: 978-1626341616, $20 hardcover, $7.99 Kindle, 2015).  Published in January 2015, the book is a distillation of Weber’s conversations, over the past 20 years, with thousands of investors. “I want to help people stop making financial mistakes that will negatively impact their future,” Weber says.

Radio interview by Shep Hyken – October 14, 2015

Ken Weber on Easy Ways to Fix the Mistakes You Make with Your Money

Shep Hyken of CBS / Amazing Business Radio talks with Ken Weber, one of the premier mutual fund experts in the United States. They have an engaging conversation about Ken’s book “Dear Investor, What the HELL are You Doing?: Smart and Easy Ways to Fix the Mistakes You Make With Your Money.” Ken shares some of the most common mistakes he sees investors making and what he sees ahead for the stock market. If you’ve invested any money into the stock market, mutual funds or insurance you must listen to this show.

Listen: http://www.audioacrobat.com/play/W60GRtzg

Profile by Domenick Rafter – October 1, 2015

How To Avoid The Common Investing Mistakes

Ken Weber, President of Weber Asset Management talks to local paper about his book, Dear Investor, What the HELL are You Doing? Smart and Easy Ways to Fix the Mistakes You Make With Your Money. “[This Book] directly stems from having thousands of conversations with investors across the country,” Weber says. “Most of the mistakes are common mistakes. Smart investing is not hard.”

Radio interview with Jordan Goodman – September 21, 2015

The Money Answers Show interviews Ken Weber on his book,
“Dear Investor, What the Hell Are You Doing?”

Jordan Goodman is radio host of The Money Answers Show. Jordan interviewed Ken Weber on his book, “Dear Investor, What the HELL are You Doing?: Smart and Easy Ways to Fix the Mistakes You Make With Your Money.” Published in January 2015, the book is a distillation of Ken’s conversations, over the past twenty years, with thousands of investors.

Listen: http://www.audioacrobat.com/play/Wy4jsfNg

Article by Ken Weber – September 21, 2015

What Should You Do in a Bear Market?

You’ve probably heard the advice to ride through market turbulence. That is good advice, but it needs to be repeated regularly because too many folks don’t heed it – even people who should know better. Read how Ken Weber says you should adjust your head, not your portfolio in a bear market.

Article by Sheryl Nance Nash – August 23, 2015

Are Automatic IRAs an Answer to America’s Retirement Crisis?

It’s no longer headline news that Americans are not saving enough for retirement. According to the National Institute on Retirement Security, when all working-age families are counted, the typical family has only a few thousand dollars saved for retirement. Ken Weber, president of Weber Asset Management says “Automatic savings of any type can be a godsend for millions of Americans. The auto-IRA concept ought to be adopted far and wide, the sooner, the better.”

Radio interview with Brian Greenberg – August 20, 2015

Ken Weber interviewed on The Greenberg Show

Host Brian Greenberg of the Greenberg Show on WNJC Super 360AM in Philadelphia interviews author, Ken Weber, on his book, “Dear Investor, What the HELL Are You Doing?” and the dumb mistakes Ken has seen people make with their money over the past twenty years in the financial services industry.

Listen: http://www.audioacrobat.com/play/W1S7WGlg

Radio interview with Chuck Jaffe – July 21, 2015

“Dear Investor, What the Hell Are You Doing?”

MoneyLife host Chuck Jaffe is senior columnist for MarketWatch. Chuck interviewed Ken Weber, author of “Dear Investor, What the HELL are You Doing?: Smart and Easy Ways to Fix the Mistakes You Make With Your Money.” Published in January 2015, the book is a distillation of Ken’s conversations, over the past twenty years, with thousands of investors.

Listen: http://www.audioacrobat.com/play/WscfCX3g

Profile by Nicole Coulter – July 16, 2015

Frustration with Investor Mistakes Leads to New Advisor Book

Every financial advisor likely has moments of extreme frustration with clients’ poor understanding of investing. In this profile, Ken Weber says he got so fed up he wrote a book about it. In “Dear Investor, What the HELL are You Doing? Smart and Easy Ways to Fix the Mistakes You Make With Your Money,” Weber, a 20-year veteran financial advisor and president of Weber Asset Management in Lake Success, NY, pulls no punches. In echoing what many financial professionals are probably thinking – but reluctant to say out loud – he decries the many ways people act against their best financial interest.

Article by Lou Carlozo – July 15, 2015

How Market Timing Creates Investment Chaos

While market timing’s allure has never quite vanished, it might as well be a mirage for the bulk of financial pundits. “I’ve often told clients that when it comes to market timing, the worst thing that can happen is for you to try it and be right. Why? Because then you think you can do it,” said Ken Weber, president of Weber Asset Management in New Hyde Park, New York, and author of “Dear Investor, What the HELL are You Doing?”

Article by Libby Kane – June 30, 2015

Even rich people make some of the most common investing mistakes

Investment adviser Ken Weber says that overconfidence is one of the most common traps that leads to making bad financial decisions in Libby Kane’s piece, which recaps recent Business Insider articles on investing.

Article by Michael Giusti – June 4, 2015

6 things you should know before the Fed hikes interest rates

Interest rates may be at historic lows, but most financial advisers agree they can’t stay low forever. While the Federal Reserve is still talking about increasing interest rates, there are a few moves that savvy consumers can make to get their financial house in order before those low rates are history. You may feel the temptation to borrow money to play the stock market, but Ken Weber says, “Don’t.”

Article by Ken Weber and staff – June 3, 2015

I’m an investment adviser, and I keep hearing the same misguided comment from my clients

Fortunately, there is no shot clock in investing. So-called once-in-a-lifetime opportunities appear, amazingly, many times in a life- time. In this excerpt from his book, “Dear Investor, What the HELL are You Doing?: Smart and Easy Ways to Fix the Mistakes You Make with Your Money,” Ken Weber discusses how your entire investment portfolio should fit together like a carefully crafted puzzle.

Article by Chris Carosa – June 2, 2015

5 Dramatic Ways 21st Century 401k Plans Differ from the Original 1980s Version

Research in behavioral finance has changed 401k for the better. In many ways, today’s 401k plans may be unrecognizable to the first ones created in the early 1980s. We can list five dramatic differences between modern 401k plans and their distant Reagan-era cousins. Ken Weber comments on fee transparency and more investment choices bringing on “analysis paralysis.”

Article by Antonia Farzan – June 1, 2015

An investment advisor reveals the 7 traps that lead to bad financial decisions

Ken Weber has seen clients make all kinds of stupid mistakes in his 30-year career as an investment advisor. That’s why he wrote “Dear Investor, What the HELL are You Doing?: Smart and Easy Ways to Fix the Mistakes You Make With Your Money.” In the book, he lists the seven most common errors that most investors make when they let their emotions and personal biases get in the way. How many of these are you guilty of?

News release – May 28, 2015

Investing Expert Ken Weber Asks: What the HELL Are Investors Thinking?

According to a recent Gallup poll, 59 percent of Americans are concerned about not having enough money to survive in retirement. For many of these people, investing, often via a 401(k) or other employer-sponsored retirement plan, has been the primary way they have worked to amass money for their retirement. But, according to Ken Weber, long-time investment advisor and president of Lake Success, NY-based Weber Asset Management, many investors continue to make mistakes that ultimately impede their ability to successfully invest and spend their money.

Article by Ken Weber – May 19, 2015

The Worst 401(k) Advice Ever

In our society, those who step the furthest outside of conventional norms tend to get the most attention. James Altucher has been getting lots of attention lately because of a 62-second video he posted for Business Insider. The video’s target audience seems to be millennials, folks in their 20s and 30s. Altucher is something of a minor celebrity in the financial world, with several books to his name, a hedgfund, a podcast, and more. The video’s title is provocative: “Why investing in a 401(k) is a complete waste of money.” Ken provides a thoughtful rebuttal on the controversial video in this article.

Article by Meghan Streit – April 23, 2015

Avoid These Five Financial Planning Mistakes

We all know we need ample savings and a realistic plan for a secure retirement. Yet, every day retirees and people nearing retirement derail their own financial security by making critical mistakes. Ken Weber, author of Dear Investor, What The Hell Are You Doing? Smart and Easy Ways to Fix the Mistakes You Make with Your Money, provides advice in this helpful article.

Radio Interview with Steve Pomeranz – April 15, 2015

Dear Investor: What the HELL Are You Doing?

On The Money! is a weekly financial radio show on NPR WLRN & many more featuring nationally-acclaimed financial expert and host, Steve Pomeranz. The show educates and protects listeners with money advice covering the entire financial spectrum- from money rebates and rip-offs, to smart shopping, wise investing and retirement financial issues. Pomeranz invited Ken Weber to the show where they discussed biggest money mistakes investors make.

Article by Ken Weber – April 1, 2015

Will Your 110th Birthday Be Happy?

It seems just about every week we read a news story of some woman or man who is alive and living reasonably well past age 110. But leaving aside those exceptional few super-centenarians, just about everyone now knows someone who has reached triple digits. But the longer you live the more money you will need. Ken Weber provides food for thought.

Article by Juliette Fairly – March 31, 2015

ETFs Are Gaining Ground But The Majority Of Investors Don’t Understand How They Work

Like traditional mutual funds, ETFs are baskets of stocks and/or bonds, but while most mutual funds have a portfolio manager making decisions about which investments to buy and sell, ETFs are almost always passive investments. Ken Weber, a mutual fund expert, asserts there are pro’s and con’s to each type of investment. He weighs in for this MainStreet column.

Article by Staff Writers – March 20, 2015

How to Handle a Sudden Cash Windfall or Inheritance

Everybody dreams of getting a huge financial windfall. Some people anticipate a large inheritance. Others try to make it happen with lottery tickets. But what if you should actually receive an unexpected bucket of cash? Who are you going to call first: a financial adviser, a lawyer or Maserati? IBD asked Ken Weber to weigh in.

Article by Staff Writers – March 4, 2015

9 Common Investing Mistakes (And How To Save More Money)

At some point in our lives, most people will make a regrettable mistake with their money. Smart investing requires knowledge and/or the help of a well-informed advisor, and even then, we can be steered in the wrong direction. According to Ken Weber, one of the country’s leading mutual fund experts and principal of Weber Asset Management Inc., even the biggest investors make mistakes with money. With over 30 years of experience, Weber has virtually seen it all. Weber gave New York Smash magazine a rundown on the most commonly made investing mistakes and how to avoid them

Book Review by Barry Silverstein – February 27, 2015

Straight talk about investing mistakes from an investment professional is optimistic and accessible

Some investors may wince in recognition while reading Ken Weber’s new book, Dear Investor, What the HELL are You Doing?, but the short-term pain is likely to lead to long-term gain — that is, if they follow his wise and witty advice. The author tempers his commentary about all the things investors shouldn’t do with plenty of positive alternatives.

Article by Ken Weber – February 13, 2015

Reduce Your Spending and Spend More. Now

A penny saved is a penny earned may or may not have been said by Benjamin Franklin, but the message is dead on correct. Money spent on an expensive meal, a designer bag, or a car that is more for your ego than the practical side of your brain, is money that is gone forever. It’s money that cannot grow for you, money that cannot compound over time. Ken Weber explains.

Radio Interview with Marilu Henner – January 21, 2015

Money Mistakes to Avoid

With more than 30 years of experience in the investment industry, Ken Weber knows a thing or two about personal finance. He has become one of the premier mutual fund experts in the United States, and his financial advice has appeared in every major financial publication. Marilu Henner poses tough questions to Ken – and gets candid, straightforward answers to vexing financial problems.

Radio Interview – January 15, 2015

Investing Pitfalls to Avoid

Ken Weber talks about his new book, Dear Investor: What the HELL Are You Doing? He shares money pitfalls to avoid with Senior Voice Radio.

Article by Buck Wargo – January 21, 2015

Investing Mistakes Can Be Much Worse When Dealing With Retirement

Ken Weber sees the retirement mistakes people make every day when it comes to their investments. They’re not going to be prepared and if they are, they’re not going to have enough money to last them if they live longer than they expect. When people reach 50, that’s when they start making one of the two biggest mistakes that will cost them in their retirement — either they’re too aggressive or too conservative. They don’t under what a proper risk level is, he says.

Article by Ken Weber – December 28, 2014

Why Do You Care What the Market Did Today?

Unless you’re in the investment business, you don’t need to know how the market is doing every business day. It’s better to take a long-term view of all of your investments — or enlist the services of a respected registered investment advisor to manage your money. Ken Weber tells you why in this informative article.

Article by Steve Garmhausen – January 19, 2013

Are Sales Loads for Suckers?

It’s not uncommon these days for funds to have a dozen distinct share classes. The more an investor learns about share classes, the more he may suspect that he’s the proverbial sucker at the poker table, paying more than everyone else for the same funds. And the fact is, he may be on to something. In this piece on funds, Ken Weber, president of Weber Asset Management, in Lake Success, N.Y, says the simplest solution is to simply invest in no-load funds.

Article by Kelly O’Mara – July 29, 2012

How two RIAs succeed by using only Fidelity funds — but not without weathering criticism about closing their own architecture

Advisors who have used a branded arsenal of products in the past have been either celebrated or vilified. So maybe it’s not so crazy that two RIAs have unilaterally chosen to use all Fidelity funds — without Fidelity itself being aware of its disciples, says the writer. There’s practicing what you preach then there is the case of Ken Weber, Jack Bowers and the products of Fidelity Investments whose brand they are leveraging to maximal effect.

Article by Ken Weber – May 1, 2007

Dirty Little Secrets of 401(k) Plan Fees

In September 2006, eight Fortune 500 companies were named in class action lawsuits alleging they failed to monitor and disclose 401(k) fees under so-called revenue-sharing arrangements. To protect your company or client, watch for these red flags, outlined in Ken Weber’s article, when reviewing a 401(k) plan offering.

Article by Ken Weber – March 1, 2007

401(k) Plans’ Dirty Little Secret

Among the 50 largest providers of 401(k) plans, approximately one third are insurance companies. These firms, and the salespeople that represent them, have mastered the art of hiding fees within their marketing materials and complex plan documents, making it virtually impossible for employers to make sound judgments regarding 401(k) fees. In many cases, the language in the plan documents and other materials borders on illegal, and is certainly unethical. As a result, a significant portion of American workers are burdened with excessive 401(k) fees, fees that will have a major impact on their long-term ability to achieve a successful retirement. Ken Weber reveals the truth in his article.

Article by Tom Lauricella – October 10, 2006

Spitzer Aims At Another Mark: Fee Disclosure

The fees levied by 401(k) retirement-savings plans are coming under increased scrutiny amid allegations that investors are being overcharged. Last month, separate lawsuits were filed against nine corporations, including Boeing Co. and Lockheed Martin Corp., in U.S. district court in Illinois, alleging that certain revenue-sharing arrangements with 401(k) providers broke the law. At the same time, the Labor Department, which regulates retirement plans, is considering a rule that could force companies that administer these plans to disclose more information about payments they receive from the mutual-fund companies whose funds they offer. Tom Lauricella interviewed Ken Weber for this piece.