Author - Doug Kinsey, CFP®

1
What the Elections Mean For Our Economy
2
Your Money or Your Life
3
Be an Investor, Not an Asset Allocator
4
6 Steps To Building Your Retirement Portfolio

What the Elections Mean For Our Economy

The elections last week will continue to be a discussion topic for many months, if not years.  The angst in the United States has reached a fever pitch, for some good reasons and also some bad ones.  The concern I have is the impact this political change has on our economy, and on our ability to recover from what has been the deepest recession in many years.  Many of the conservative candidates who won office made big claims about “repealing Obamacare” and “cutting off the spending.”

While there has been some waste and misdirection of resources, and perhaps targeting tax …

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Your Money or Your Life

What if you were walking down the street one day, and out of an alley jumps a menacing figure.  He grabs you around your neck, sticks a gun in your back and shouts “your money or your life”!  How much time are you likely to waste thinking over that choice?  Are you going to negotiate with the robber?  Or think to yourself, “wow, that’s a tough one, let me see….”?  No, you are probably going to reach for your wallet, hand it to the criminal, hope it satisfies him and then run to the nearest building after he leaves.

And …

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Be an Investor, Not an Asset Allocator

While I  respect the concept of diversification, I also believe that you can become too enamored with Modern Portfolio Theory and statistical backtesting when creating an investment strategy.  This seems to be a common problem among the investing public today, due largely to the way the investment industry has promoted and institutionalized the process.

There was a time, before the advent of mutual funds, when stock brokerage firms were compensated largely by commissions earned from recommendations.  Obviously, some of  the firms and brokers were skilled at analyzing ideas, and many were not. The focus was on research, not investment banking …

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6 Steps To Building Your Retirement Portfolio

For those of you who are entering the retirement phase of your lives, my preferred strategy is to use a process sometimes referred to as “asset dedication” to fund your retirement plan and create the overall asset allocation.  This process fits in well with my preference for income-producing assets such as high-quality dividend paying stocks.  It’s really quite simple, but is also highly customized for each client.  It involves the following steps:

1. Analyze the current budget and income requirements.

2. Compare the current budget to the projected retirement cash flow need.

3. Factor in extraordinary expenses such as projected …

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