My Thoughts on This: Some of you know that I have put in motion a succession plan to make sure that clients who have come to rely on me for many years are not suddenly left out in the cold in the event that I simply don’t show up for work one day. You’ve heard …
Tag: financial advice
Chuck Schwab: We’ll Go Over Cliff, but Let’s Move On
At Schwab Impact, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank and why he’s willing to write a bigger tax check. My Comments: Most of you know that I'm a center left Democrat. I also pretend to be an economist with a reasonable understanding of economics, finance, and how the world of money works. …
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Is Your Glass Half Empty or Half Full?
My Comments: This post is directed to those of you who are not now my clients. If you are my client (and/or friend), you know that for me the glass is always half full. It’s the way I’m wired. The target reader of this article are other financial advisors. The author is trying to help …
What Constitutes High-Quality Money Management?
My comments: I interpret the phrase, “money management” to mean everything necessary to help a client get from point A to point B with more money than they started with. All of us in the investment advisory business work hard to understand all the variables, and apply them intelligently to the needs of the client. …
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8 Stock Market Omens That Influence Investors
My Comments: For years I've sort of paid attention to omens; how else are you going to justify the bizarre outcomes that invevitably happen and influence how much money my clients end up with over the years. The tempatation, no matter how professional you try to be, is to respond to the advice of those …
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Obama Has Four Years to Fix the Economy
My comments: When I saw this title, I had my doubts. Part of that is because no President has enough necessary tools, and because one doesn’t “fix” the economy; it more or less has a life of its own. If I “believe” things are better, which is a mindset, and not written in stone, then …
An Investment Designed for Income
From time to time an idea comes across my desk that I find compelling. So I decide to share it with clients and those of you who might become my clients. And while this blog is not supposed to be a commercial, meaningful retirement income is a very real problem these days which explains why …
3 Self-Defeating Investor Behaviors:
By Joyce Hanson, AdvisorOne The intricacies of investor psychology shed light on what people are doing to miss out on long-term opportunities—and on how advisors can help them overcome those behavioral hurdles, according to a recent report from Franklin Templeton Investments. Behavioral phenomena can have a negative impact on investor psychology, says Franklin Templeton in …
Rocking The Estate Plan
My Comments: While the title of the article is a little obscure, the message is clear: most people do not have a plan to deal with their assets when they pass away. As I mentioned recently about Long Term Care insurance, there is a strong denial force at work here. At the very least, get …
Cost of Long-Term Care Insurance Keeps Rising
My Comments: Did you know that, according to the 2012 AALTCI Source Book, 69% of 65-year-old clients who own Long Term Care insurance (LTCi) will make a claim? That is a risk so high that it could almost be considered an inevitability. And yet advisors like myself are reluctant to talk about this with clients …
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Helping Define Your Financial Future 