AdviceIQ Articles

  • Invest in Private Companies?

    Should you invest in non-public companies? A lot of people are doing that, via privately issued equities and debt instruments; hedge funds, venture capital funds and limited partnerships are also popular non-public companies.

    This trend includes a broad swath of industries, just not tech companies. Banking is the largest in dollar terms. An advisor presentation on private investing, as part of National Financial Advisor Week, noted that this arena is an increasingly popular and profitable one.

  • More Than an Advisor

    Great advisors not only help you with complex financial decisions, but they are your friends who support you for decades. My former business partner and mentor, George Chell, is a shining example.

    I was in a cab, returning to our ship after a day of touring Belfast, Ireland, when I received a text from my father: “George passed away this morning.” He was 92.

    I last saw George this past October, when he drove to my office, and we went to lunch. We ended our lunch the way we always did for the past 33 years, playing Liar’s Poker to see who would pay the tab.

  • Boost Stocks as You Age?

    The standard investment advice is to decrease your portfolio’s stock allocation as you get older, because equities are riskier than bonds and cash – and you don’t want a bear market to devour your retirement nest egg when you need it. But now, there’s research showing that it is safer if you increase your stock exposure.

    Trouble is, this approach doesn’t give you any better results, according to my analysis.

  • Envisioning Your Success

    One of the big plusses of entrepreneurship: It allows you to be creative, test new ideas and have fun with your business. In fact, simplicity and fun may be one of your best avenues to innovate and grow your enterprise.

    Recently I signed out of email for the afternoon, turned on the radio and busted out my old magazines, a glue stick and scissors to create a good old-fashioned vision board. I loved making collages as a teenager; anything I could glue down seemed fun and artsy.

  • Getting Investing Discipline

    Saving money is like exercising. Often when people start saving late in life, just like in exercising, they try to do too much too fast. When that happens, pain is often the result, and they quit.

    When saving money, if you put away too much too fast and it hurts your lifestyle, you likely stop saving. In both situations, your health (financial and physical) is worsened.

  • Fed’s Murky Rate Language

    The word for today is “considerable,” as in the Federal Reserve’s recurring statement that interest rates will remain low for “a considerable time.” But how long is “a considerable time”? The deliberate murkiness of this phrase, like much else the central bank says, is maddening.

  • Protecting Inherited IRAs

    Your own individual retirement account is generally exempt from the reach of creditors, but an inherited account may not be. If you plan to pass on an IRA to heirs, read on to learn how to better safeguard the money.

  • Unlearning Investment Fears

    Growing up with their parents’ scary tales of Depression hardship, the generation now approaching retirement age grew up to be wary of investing and owning debts. This means missing out on returns and losing the value of savings to inflation.

    The squirrels brought this lesson home for me. Like many others in suburbia, my wife and I had a squirrel problem. We tried various things to keep the creatures out of our garbage cans, with no success. They ate through the covers. Even after we built a wooden shed to house the garbage cans, they got in there, as well.

  • How to Spot Short-Term-ism

    Do we live in a nation of short-term thinkers? Business has plenty of examples that seem to prove that assertion. Think of how Blackberry frittered away its lead in smartphones. Fortunately, there are plenty of successes to give us heart. How can you spot the difference? Look at company leaders.

  • An Advisor for Everyone

    There are many different financial advisors catering to different kinds of investors, including those with few assets, which may surprise some people.

    At a panel of advisors, they discussed the different compensation models to choose from – some charge one-time fees for a financial plan (that often appeals to the self-directed-investing-leaning individual); others charge fees based on assets, typically 1% yearly; and some charge commissions for individual transactions.


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