AdviceIQ Articles

  • Partners’ Financial Frustrations

    A specific financial trait in their partner often frustrates clients, I’ve found. Lately I’ve been saying something different to these clients, something I hope both useful and true.

    When you find yourself frustrated with something your partner does, you need to:

    1. Believe they could act differently, and

    2. Talk to them like an adult about what’s bothering you.

    Two points deceptively simple but challenging to implement in real life. Yet these pointers give you a chance for progress and change in either your personal or your business partnerships.

  • Why Diversify?

    Nothing wrong with all your eggs, or holdings, in one basket. Unless, of course, the basket breaks. Remember Enron?

    More than a decade ago, the infamous one-time energy powerhouse saw its empire crumble and the retirement savings of many of its employees evaporate. Why? Many of Enron’s employees had their 401(k) savings in Enron stock, a classic, tragic example of eggs in one basket and zero diversification.

  • There’s a Place for Active Funds

    Using index funds to track broad groups of investments, known as passive investing, is very smart. It can also be smart to allocate perhaps a fifth of your portfolio to active managed funds, at least those with a penchant for beating the market.

  • Discovery Starts Your Planning

    Financial planning intimidates people. In its early stages, they don’t know what to expect, what to answer and what they’ll have to divulge to create a realistic plan. In this first article on the planning process, let me remove the fear and talk about how we begin work with our clients.

    (This is the first of four articles about what you can expect from the process of financial planning.)

  • Is This the Time to Invest?

    Today’s market may not be the greatest opportunity ever. Maybe not even the greatest investment opportunity you will ever have – but it is a decent time and place to put your money to work.

  • Wrong Ideas on Saving

    Odds are you’re probably doing it wrong when it comes to saving. You save too much or you save too little. Here is how to strike a good balance.

  • Basic Steps to Reduce Debt

    Most people pay off debt the way they swat flies: Willy-nilly and at the first bug that lands or bill that arrives in their mailbox. Debt comes in different forms, however, and you should realize what to pay first.

    Most people also think there are two kinds of debt. But good debt really comes in two forms and I make a distinction. Here are three kinds of debt:

  • Disregard Summer Swoons

    Don’t let summertime’s market gyrations fool you. They tell you little about future trends.

    Summer swoons hit stocks in 2010, 2011, 2012 and now 2013. Then each time, the market resumed climbing. Certainly, there is no guarantee that a strong rally is just around the bend at the end of this summer.

  • Save Now for the Holidays

    End-of-year holiday spending becomes a New Year’s financial hangover for many, but with forethought and planning you can avoid January’s big bills.

    Sure, you’re probably not thinking about the holidays in August while you’re grilling, swimming and enjoying the outdoors. But you should be, because starting holiday preparations now gives you more than three months to set aside money for shopping and plan for the best savings.

  • Does Money Buy Happiness?

    It’s an old question: Can money buy happiness? Up to a point, yes. But without deep personal relationships, more dollars don’t make you happy.

    Last night, I sat with my father and we talked about happiness and satisfaction. My question was simple: Looking back at his life, was he satisfied?

    True to form, he proclaimed my brother and I are his greatest achievements. While I agree my brother and I are amazing, I was hoping for deeper insight.

    “Dad,” I asked, “what creates happiness?”


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