Advisors

While mutual funds and exchange-traded funds offer convenience, they have drawbacks, including lack of customization and transparency. And some are downright tax-inefficient. Investors who crave a more personalized approach but still want professional management might want to consider separately managed accounts. “Mutual funds are great, but you could say the same about penicillin,” said certified
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The year hurricanes Katrina and Wilma devastated Florida and Louisiana, Bill Begal’s property restoration and cleanup business took in more than $10 million in revenue. An average year, by comparison, could bring in up to $4 million — not bad for a company bootstrapped inside a family dry-cleaning store more than 20 years ago. “Flooding
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Courtney’s client isn’t nearly as diversified as one might imagine. By having money spread out in different funds tracking the Russell 1000 index, “it makes it seem like you’re diversified,” said Courtney. “But they’re all behaving the same way.” Anything that creates trouble for large firms will impact the client’s entire portfolio. That’s fine in
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JPMorgan Chase‘s chief executive, Jamie Dimon, is the most successful banker of his generation. He has successfully navigated a challenging environment over more than a decade, and his firm is stronger than ever. So naturally, given his status and success, his recent comments that Bitcoin was a “fraud” were taken seriously. Mr. Dimon’s comments may
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Underpinning new blockchain-based networks such as IPFS are protocols, or rules, embedded in software that govern how participants interact. At least in theory, many of the interactions that happen online, such as those on social networks, ecommerce sites and search engines, could take place between willing users on decentralised networks. “If any of these protocols
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We live in a world of information overload. With so much easily accessible information at our fingertips, it can be difficult to sort genuinely useful information from flat-out bad advice. In the realm of money and investing, this problem becomes magnified. In the financial arena, the stakes are high — for both investors and those
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A recent article in Fortune quotes an equity analyst who argues that Berkshire’s loss of two large acquisition opportunities this year “calls into question the effectiveness of their gentleman’s agreement acquisition strategy,” adding that unless something in Buffett’s negotiating tool box changes, it’s going to be difficult to maintain his reputation as a savvy and
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Henrik Sorensen | Getty Images As passive investing becomes chic, outflows have increased from closed funds — which are now looking to open again. Managers of actively run funds can’t seem to get a break these days, and that includes closed ones. With the rise of passive investing, their business model and sales pitch for
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There is an endless list of tax-advantaged accounts and plans on the market for consumers to choose from, so determining which plan or vehicle provides you with the most freedom and best features can seem, at first, like a daunting task. A good jumping-off point is to start asking yourself basic questions like: “Where will
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Meanwhile, Roth IRAs offer a somewhat different approach, because the money you’re putting into the account is after-tax rather than pretax. Thus, once you own the account for five years, there is no limit or penalty on the withdrawal of the contributions you’ve put into the plan (though withdrawing any investment earnings does trigger tax
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Many plan sponsors don’t realize they are fiduciaries. Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of retirement-plan participants and their beneficiaries. The most important responsibilities include, but are not limited to, drafting an investment policy statement, selecting the funds that will make up the investment menu
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There’s no way to sugarcoat it — market volatility is the new normal in today’s investing environment. For decades millions of American investors have followed an aggressive growth strategy — a strategy that worked. For many it went like this: During those wealth accumulation years, invest heavily in equities such as blue-chip stocks. Rinse. Repeat.
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When I advise my clients about their retirement, I can’t just focus on asking them, “How much are you saving?” or “Do you think you are conservative or aggressive?” These are questions to be addressed. However, a couple’s retirement is dependent on a few other financial disciplines that are interconnected with retirement planning to flesh
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Deciding not to expect repayment can reduce your anxiety. You still might second-guess your decision, especially if you have to come to terms with forfeiting a needed purchase or valued activity, or even delaying retirement, as you watch the funds vanish. Requests for financial help from family members can sabotage personal finances and emotional well-being.
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Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we’ve already made a mistake. Here’s a list of the top seven mistakes that hurt your chances to achieve financial security in retirement. 1. Assuming we should plan to retire Rocking chairs, sunsets, golf and a sailboat. If you watch
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But for a person going through a temporary hard time or in a chemical withdrawal period or on a new medicine, the desire may be short-lived. Making it hard for them to physically act may buy time for a change in the circumstances that led to the desire. Things change, and when they do, that
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When it comes to your financial stability, planning ahead is essential. A home-equity line of credit can give you an added level of financial security for the future and is best considered while you’re in a healthy financial position. Having an open line of credit on your house can be a valuable tool. It serves
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