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Perspective

Blog, Investor Behavior, Life Planning, Planning PerspectivesLeave a comment

With Hurricane Irma now in the rearview mirror, I can gratefully say how lucky we were. My home sustained minimal damage and we thankfully never even lost power. However, we had no internet, we had no cable, our cell service was spotty at best and we had no landlines. As we were busy trying to regroup and clean up, we learned that our air conditioners had been leaking, our dryer was the victim of a power surge and our pool heater had sprung a leak virtually draining our pool!

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Financial Freedom – It’s Not All About The Size of Your Bank Account

Blog, Investor Behavior, Life Planning, Planning PerspectivesLeave a comment

The way in which we respond and react to events that unfold in our daily lives are often the result of our past experiences. This is especially true when it comes to money. Whether you grew up in an affluent household, you grew up in a home where having food on the table was not a foregone conclusion or you grew up in a home somewhere in between, it is likely that the way you think about money today is influenced by some of these first experiences.

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The Art of Investment Management 1

The Art of Investment Management

Blog, Investing, Investor Behavior, Portfolio ManagementLeave a comment

Many people mistakenly believe that investment management is simply selecting the investment or combination of investments that will generate the highest yield or highest long-term return.  In reality, sophisticated investment management is actually much more complicated than that as it integrates several interrelated components of which specific investment selection is only one facet.

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When You Know Better …

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“When you know better, you do better.” These words, famously spoken by Maya Angelou, suggest that the more knowledge we have, the better we can do for ourselves. If we know something is bad for us, we will avoid it, if we know something can enrich our lives, we will seek it out and as we learn more about the world around us, boundaries will continue to be stretched and advancements will continue to characterize our society. But knowledge in and of itself is not enough. We must use this knowledge to change our behavior.

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Give Yourself Permission To Hire a Real Financial Advisor

Advisor Compensation, Blog, Financial Advisor, Planning PerspectivesLeave a comment

Setting goals are important. It gives you something to work towards. But there is a huge misconception about goals that most people don’t figure out until it is too late. Achievement of your goal will not bring you happiness. Having a certain amount of money in the bank, getting a promotion, owning your dream home, retiring at age 50 – those may be your goals, but what happens once you get there? Then what?

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My Personal Finance Vision Statement

Blog, Investor Behavior, Life Planning, Planning Perspectives, Portfolio ManagementLeave a comment

A little while back I began jotting down some of the rules that I try and live by when it comes to personal finance. Eventually, I turned it into what you see below, something I’m calling a personal finance vision statement. My plan is to update this over time as I continue to learn more about money, investing and life. For now, here is version one.

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Like Doctor, Like Advisor: Understanding Your Financial Advisor’s Compensation

Advisor Compensation, Blog, Fee Only, Planning Perspectives, Portfolio ManagementLeave a comment

As much as we would prefer a world where doctors could focus exclusively on addressing our health care questions strictly according to our highest interests, we know that reality is less rosy. Best intentions are often complicated by multiple parties, conflicting incentives and confusing costs. The more informed you are of any undisclosed motivations – who is compensating whom, and how – the better your choices can be when deciding to whom to turn for your family’s quality medical care.

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