Submitted by Larry Light on Fri, 06/28/2013 - 3:00pm
Even though I understand a lot about personal finance, I realize that I cannot plan my financial future alone. So I set out on a quest for the right advisor. And I’m glad I did. I learned vital things I did not know.
Submitted by Ruben Ruiz on Fri, 06/21/2013 - 12:00pm
The aftermath of the financial crisis underscores the importance of mandatory personal finance education. While financial literacy is not a panacea, we need to teach people how to save and make wise decisions with money.
Submitted by Larry Frank Sr. on Tue, 06/18/2013 - 3:00pm
If you want to do plan your financial life well, you can’t just start investing on your own without taking a step back and looking at the big picture. You need to hire the right professional to guide you.
Submitted by Patrice Cresci on Wed, 06/12/2013 - 12:00pm
During a traumatic life transition such as divorce or the death of a family member, your ability to make good decisions can short out. But you can prepare for the inevitable catastrophes that hit us all.
Submitted by Sterling Raskie on Tue, 06/11/2013 - 12:00pm
My firm’s clients and prospective clients often ask us which direction the market is going. This is always an entertaining question – and some of our longtime customers already know the answer. While advisors can’t predict the future, they can help you prepare for it to make the best out of what the markets throw at you.
Submitted by Matthew Tuttle on Fri, 06/07/2013 - 12:00pm
When the facts change, your strategy should change, as well. If you stay wedded to the same investment plan all the time, you lose sooner or later.
I was talking to an advisor earlier in the week about my firm’s preference for tactical asset allocation, which rebalances the mix of your assets based on their performance trend, and weighing the portfolio by risk metrics. He told me a story about how he had allocated money to a tactical strategy that stopped working. This should not surprise a seasoned investor.
Submitted by Bert Whitehead on Thu, 06/06/2013 - 12:00pm
Money matters are complex and even scary. How you choose to approach finances mentally is key to mastering them. I call this “money mindfulness.”
It is difficult to deal with your finances on your own because the technical aspects can be bewildering. Investment options, taxes, interest rates and securities transactions in general are overwhelming for folks outside of the finance industry. Few of us understand the math necessary to handle our own money, even at a minimal level.
Submitted by Joseph A. Clark on Wed, 06/05/2013 - 3:00pm
Investor sentiment surveys tell us that today, with the stock market up since January, there is widespread optimism about future gains. When you hear that, be wary.
When markets move to extreme levels, smart investors often make their largest portfolio gains – by doing the opposite of the popular sentiment. Warren Buffet once said, “Be fearful when others are greedy and be greedy when others are fearful.”
Submitted by Larry Light on Sat, 06/01/2013 - 9:00am
To hear some tell it, advisors are divided into saints and sinners. The saints are those who work for registered investment advisor firms; they sell no securities and get paid by fees. The sinners are broker-dealers – stockbrokers who peddle product and earn commissions.