What is Net Worth?

And Why does it Matter? “I demand the sum of… one million dollars.” A million dollars may not mean as much as it did when Dr. Evil* came of age in the 1960s. Even so, it is a significant threshold that continues to be a target for...

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DIY Investors and Advice-Only Financial Planners

A Match Made in Financial Heaven The Needs of DIY Investors I have spent most of my financial services career serving Do-It-Yourself investors, people who choose to make their own investment decisions rather than go through an investment advisor. Over the years, I have seen many accounts...

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The Question I get asked the most

What should I invest in? Quick Answer: It Depends If you go to a bank branch to get advice on what to invest in, your advisor will probably ask you some questions to determine your risk profile, and then her computer will produce a portfolio of mutual...

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Why Advice-Only Planning?

When I told a co-worker at my previous place of employment that I was going to open a fee-for-service, advice-only financial planning practice, her immediate response was, “Why should anybody pay for that? A financial advisor will do that for free!” Advice-Only Financial Planning: a small...

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