On July 18, 2013, I wrote a blog for U.S. News. I discussed the sorry state of pension plan management. Most plans pay hefty fees to “consultants” who advise them which actively managed funds to buy and sell. These consultants usually ignore the data demonstrating most of these funds will underperform a comparable index fund over almost all time periods measured.
To succeed as an advisor (and improve your personal relationships), focus on your empathetic skills.
If you need the services of an advisor, limit your search to registered investment advisors (RIAs).
In order to intelligently buy a car or invest your money, it’s critical to understand the difference between your goals and the interests of your car salesman and stockbroker.
I thought a comprehensive understanding of investing would be enough to grow my advisory practice.
I am not altogether opposed to positive thinking, but it has its limitations. One of the downsides is that people blame themselves for events over which they have no control.