Profit From Your Current Spending Habits
Recently in a piece written for Morningstar.com, Christine Benz had this to say about “When It Pays to Hire A Financial Professional”: Paying a financial planner an ongoing fee to handle every aspect of your financial plan can make sense if you’re extremely time-pressed or if your finances are particularly complicated. Ditto if you’re very (Continued)
Some years ago I read a pamphlet entitled The Pension Idea (Amazon says it is out of print, but you can find it by searching elsewhere) wherein the author pointed out the dubious origins, purposes and sustainability of pensions. I acknowledged the wisdom of his assessment, but didn’t think it had much practical applicability to (Continued)
I know this may sound strange coming from an investment professional, but I have come to HATE rate of return discussions. The way that most companies present investment “rate of return” to their prospective clients is generally so over-simplified and remote in time as to border on the ridiculous, if not in fact fraudulent. These (Continued)
What does financial planning mean to you? For most it is a periodic visit from a pushy life insurance salesman who never knows when to leave or an occasional visit from a relative, friend or classmate who seems to get out of the business as quickly as he got in. How has that worked out (Continued)
Blogger’s Note: This article was originally written in September 2009 as an email to clients. Here are a few excerpts from an article in this month’s Financial Planning magazine entitled: Better Than Nothing: Clients are piling up cash for both anticipated spending needs and future opportunities. But where do you put it? In the country (Continued)
Blogger’s note: Amended version of an email sent to clients in March, 2009. I came across this interesting statement in one of the most successful investment newsletters of the past 25 years: “Prudent investors keep a minimum of the next couple of year’s worth of living expenses out of the market.” Really!?! Other than from The (Continued)
I hate to be alarmist. And no, I am not trying to manipulate you through fear. In fact, my only concern is to protect you and your wealth from the vagaries of the financial markets and the appetite of the ever-expanding government. Recently some news reports have come out stating that the government is considering (Continued)
Blogger’s note: This message was originally sent out in July, 2008, at the height of that year’s market meltdown. During times of economic and market turmoil like we are seeing today, I invariably get asked: “Is it time to cash out and head for the hills?” What they are really asking is what does the (Continued)
Blogger’s Note: Most of these early posts were actually emails that I sent to my clients years ago and slightly edited for this blog. I hope that the information presented is relevant to the general public despite being addressed to a smaller audience. Are you a bull or a bear? Gosh, in today’s market I (Continued)
Diversification, don’t put your eggs in one basket, and spread your risks. What do all these expressions mean? I can tell you it does NOT mean what most brokers and financial advisors say it does . Real diversification is what percentage of your money is in “risky” investments versus what is in “guaranteed” accounts. Risky (Continued)