"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale." Zig Ziglar So I asked my clients, "which would you prefer; a plan that has a 70% chance of success or one that has a 90% chance of success?" We had been discussing how to …
Tag: money management
The US Economy May Surprise Us All
My Comments: Yes, the last few years have been very frustrating for those of us concerned about jobs, earning a living, having confidence that life will return to normal. The stock market has done OK, but you don't have to listen to politicians to notice all the empty buildings around town. To those who will …
Parents Struggling To Cover College Costs, Survey Says
My Comments: I have a solution to this problem. But try as I will, very few parents of high school age children have expressed a willingness to talk with me about it. As a financial planner, I’ve very aware of the financial pressure that comes from wanting your children to go to college and earn …
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Hey, CEO! You Hate Fiscal Stimulus. So Tell Me: What Would You Do Instead?
My Comments: On the one hand, I hear candidates on the right say how opposed they are to fiscal stimulus, and on the other hand, I hear them say we need to reinvigorate the military and spend more money there. From an economic perspective, that’s just another form of stimulus. Personally, I’d rather have the …
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J.P. Morgan Weekly Market Recap – August 27, 2012
For those of you who pay attention and want to time the market, here’s this weeks best summary:
Top 10 Dangers of Alternative Investments
My Comments: I think we can agree that one objective when designing an investment portfolio is to have diversity. For those of you who remember a company and a scandal called Enron, apart from the fact that Enron fell off the face of the earth, the retirement plan investments for most of their employees was …
Hong Kong is Bringing Democracy to China
My Comments: The proper mangement of clients money is something I take very seriously. Not only because I’ve been entrusted with a critical component of someone’s financial future, but also because my livelihood is at stake as well. If I screw up your trust in me, my ability to buy groceries and gas for my …
Another Overview of Trusts, Part 1
My Comments: This comes from Hale Stewart, an attorney in Houston, Texas. He and I have spoken as a result of his interest in captive insurance companies and asset protection. He is the author of the book U.S. Captive Insurance Law and is currently working on his Ph.D. From time to time, my clients ask …
J.P. Morgan Weekly Market Recap – August 6, 2012
For those of you who pay attention and want to time the market, here’s this weeks best summary:
Stimulate Your Customer’s Lizard Brain to Make a Sale
Or: Stimulate Your (fill in the blank) Lizard Brain to Make a (fill in another blank) Apart from the fact this is a fun photograph to look at, there's a message here that applies to me as a financial advisor looking for new clients, for a politician hoping to get people to vote for them, …
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Helping Define Your Financial Future 