Burton Malkel, renowned author of ‘A Random Walk Down Wall Street’, says that the real value of a financial adviser lies not in their ability to pick the best fund manager, but to reinforce consistency, keep the investor on track and rebalance portfolios to ensure the correct risk profile is maintained.
Archive | Financial Planning
How The Really Smart Money Invests
The concept of how the really smart money invests is centered around the idea that markets are efficient and that active stock picking is not a reliable strategy for beating the market. Nobel Prize winners like Eugene Fama, Merton Miller, and Myron Scholes, among others, have contributed to this understanding and invest their own money […]
The Importance of Ignoring the Noise of the Market
By CARL RICHARDS OCT. 13, 2014 Last week was uncomfortable for market watchers. The Dow dropped more than 200 points one day and surged more than 200 the next. Both moves were attributed to small, seemingly random things. The International Monetary Fund cut its global forecast, and the Federal Reserve released its meeting minutes. I’ll […]
7 reasons to pursue financial independence by Jon Chevreau
No one has to sell us on the idea of retirement. We do however need to be reminded of the benefits of Findependence. Most of us don’t need reminders of why we want to retire some day. As the decades fly by, salaried jobs can be stressful and that doesn’t seem about to change in […]
Plan For Financial Independence, Not Retirement by Richard Eisenberg
Here’s a holiday suggestion that only a personal finance blogger would make: While you’re celebrating Independence Day, take some time to nail down the day you want to become financially independent. Declaring your Financial Independence Day is a better idea than trying to come up with “the number” you need to retire, especially if you’re […]
Find the perfect financial planner by Preet Banerjee
What fee-only advice really means and how to choose a planner. Real estate investors famously focus on location, location, location. If they started reading up on hiring a financial adviser, they might conclude the three most important things are fees, fees, fees. At least that’s the view from the outside looking in after scanning various […]