moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Financial services
Will Regulation Solve the Financial Advice Problem?
My associate, Aaron Carter, was kind enough to send this along. It is an editorial in Investment Executive and is worth noticing. Face down lobbies. The problem however, is not so simple as regulating advisors. Regulation and standards alone will not solve the financial… Continue Reading “Will Regulation Solve the Financial Advice Problem?”
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What Theories Are Obsolete?
I have followed edge.org for some years and find it to be stimulating, insightful and, not infrequently, over my head. Nonetheless I like to browse there. No exception this time. Each year they pose a question of the year. In the past, the QOTY… Continue Reading “What Theories Are Obsolete?”
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What Is Financial Planning For?
It is very simple conceptually and very complicated (sometimes needlessly) to execute. It helps if you have the framework. Financial Planning helps you get the things you want, when you want them, with the resources you have to apply to the problem. It is… Continue Reading “What Is Financial Planning For?”
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Managing A Liability
Today mortgages are quite inexpensive by historic standards, or at least so they seem. For most people organizing their home mortgage is among the more important decisions they will make. Most people stop there and fail to find options that can be productive for… Continue Reading “Managing A Liability”
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Procrastination Pays Off Now
In the military there is a maxim which says, “In the never-ending battle between warhead and armor, warhead wins.” There is a similar rule in financial planning. “In the never-ending battle between present self and future self, present self frequently wins.” A recent edition… Continue Reading “Procrastination Pays Off Now”
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Who’s Your Planner?
There is only one answer to that question and we will come to it in a moment. First, let’s look at what financial planning is about. Developing a successful financial plan has three clear parts. Design a strategy. Essentially, of all the things you… Continue Reading “Who’s Your Planner?”
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What To Do Until The Financial Planner Gets There
What are the basic first steps of financial planning? These are the ones that require no particular knowledge or skill. They are the things that everyone can and should do and few actually do. They are fundamental but not always fun. Let’s see what… Continue Reading “What To Do Until The Financial Planner Gets There”
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Customer Service
It has been said that the problem with people who are trying to help you is that they don’t know when to stop. At least one bank has at least one employee with that problem. Here is how I came to know about it.… Continue Reading “Customer Service”
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Financial Literacy Means What?
I decided yesterday that “financial literacy” was a term of art that I did not fully understand, so I set out to find out what others think it means. The array is quite instructive. The lack of literacy is not for want of passing… Continue Reading “Financial Literacy Means What?”
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Floccinaucinihilipilification
There are scholarly articles on how much fees affect the return on assets over long periods of time. A recent one by Rob Carrick of the Globe & Mail implies that fees are the difference between success and failure. It is a specious argument… Continue Reading “Floccinaucinihilipilification”
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