*Warning: Rant Below*
Financial Planning
What’s The Value
4 minute read
Some people still think of fees charged by financial advisors in terms of investment management fees. That’s fine if your advisor is only providing investment management, but many financial planners (such as myself) provide comprehensive financial planning, in addition to investment management, which provides much more value than just investment management.
The Grass Is Always Greener
3 minute read
A handful of clients lately have been asking if we should become more aggressive in their portfolios and shift some of the allocation from bonds into stocks. If we think about this, we’d be doing exactly what we’re taught not to do: we’d sell the bonds at a low point and buy the stocks at a high point. Isn’t the old saying, “buy low, sell high”?
If You Received a Large Sum of Cash Today, What Would You Do with It?
3 minute read
The term “a large sum of cash” has a different meaning to everyone. To me, $500 would be a large sum of cash, but to others who are wealthier than me this may not seem like something to get excited about. Maybe a better question would be, “If you were handed a meaningful sum of cash today, what would you do with it?”
Do You Know The Differences Between a Financial Planner and a Financial Salesperson?
4 minute read
I’m a financial planner, but that may not mean what you think. Typically, when I tell people that I’m a financial planner the idea that they have in their mind is that I buy and sell stocks and bonds for their investment portfolio. If that’s not what they think, then they think that I have some product to sell them. Although the company that I work for, Market Street Wealth Management Advisors, does manage clients’ investment portfolios, neither of those things is what I do. Unfortunately, the terms “financial planner”, “financial advisor”, “investment advisor”, or any other iteration, are not protected and clearly defined so that the public actually understands what they mean and their differences.
