Archive - July 2014

1
Financial Planning and Credit Cards
2
What Is The Most Important Attribute When Hiring An Investment Manager?
3
Chipotle’s Wisdom
4
Newlywed To Do List
5
Apple Pie and Ice Cream…Vanilla Ice Cream

Financial Planning and Credit Cards

teal credit card digits close-upA Fee-Only financial planner is concerned with your entire financial life and this includes your use of credit cards.

It has been five years since the Credit Card Accountability, Responsibility and Disclosure (CARD) Act became law and according to The Washington Post, “All of those sorts of abusive — and very lucrative — practices are no longer the norm…” but at the same time “it’s failed to prevent credit card companies from peddling useless debt-protection products or murky promotional financing deals.”

Consumers have benefited from the limits on fees, disclosures about how long it will take to pay off …

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What Is The Most Important Attribute When Hiring An Investment Manager?

Mercat

Deena Katz’s article “A Failure To Communicate” in the latest issue of Financial Advisor Magazine cites a study in which “only 52% of the respondents trusted the financial services industry to ‘do what’s right.’”

What is surprising about this statistic is that by my estimation, much less than 52% of those in the financial services industry have any legal obligation to “do what’s right.” Most of those in financial services are commission-based agents and brokers who are only held to a suitability standard. And many of those who are supposed to be held to a fiduciary standard are …

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Chipotle’s Wisdom

Chipotle line

The marketing people at Chipotle Mexican Grill have a new promotional idea called “cultivating thought.” They invited selected authors to write something designed to be read in two minutes. These pieces are printed on the sides of Chipotle takeout bags as well as drink cups.

Although these works may never reach the New York Times bestseller list, they may actually be read by the quarter of a billion customers who order at Chipotle every year. These quotes are provocative, not only for what they say, but for what they say about us as Americans. Chipotle must believe these …

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Newlywed To Do List

You know that aside from getting used to your new spouse, there are a lot of other things to adjust to once you return from the honeymoon. While you know about the duplicate wedding gifts to exchange or return, and your mother is reminding you to finish writing Thank You notes, you might not remember all the other things you need to do.

The list is a little daunting, but take them a few at a time, and you can get your new life in order without worrying about overlooking the essentials (click the image to download a pdf list).…

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Apple Pie and Ice Cream…Vanilla Ice Cream

Apple pie

Apple pie (Photo credit: Wikipedia)

From time to time we get asked by our clients and prospective clients why we manage our clients’ money the way that we do. Some even gravitate to our firm because of the way that we invest and our philosophy. Others shy away because they are looking for management that will beat the market and always make money and never lose money. Note: This is impossible. But hey, some folks still chase that illusion.

As many of our readers know our investment philosophy is pretty plain – like apple pie and ice cream. To make …

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