Unbiased financial advice from fee-only financial planners

Brought to you by the National Association of Personal Financial Advisors

1
SEC Head Schapiro Indicates Support for Fiduciary Standard
2
Historical Cash Positions & P/E Ratios
3
When Buying or Refinancing a Home You Should….
4
Geithner and Schapiro Outline Proposed Reforms of Financial Regulations
5
Are Market Declines Bothering You More Than They Should?

SEC Head Schapiro Indicates Support for Fiduciary Standard

One of the regulatory issues that many financial planners are concerned about is the current disparity between the rules governing Registered Investment Advisers and those that govern brokers.  Registered Investment Advisers, who are regulated by the states and/or by the SEC, are normally required to act in their clients’ best interests; they are fiduciaries.

Under current …

Read More

Historical Cash Positions & P/E Ratios

The above chart indicates the amount of cash investors have held as a percentage of the Wilshire 5000 at any point dating back to 1974. First, this chart confirms the belief that people invest money when they feel good, and pull money out of the market when they are fearful. Look at the 1990s. The percentage of cash not invested in the market steadily decreased throughout a decade where returns were constantly high. Consequently, in percentage terms, more money was invested in the stock market right before the crash of 2000 than during any other period studied. Additionally, you can …

Read More

When Buying or Refinancing a Home You Should….

Make sure you understand the fine print!

It’s a great time to buy or refinance a home. Interest rates are extremely low (As of Jan 2009 a no points, 30 year fixed, mortgage rate of 5% is very common). While this great interest rate opportunity creates a terrific chance to lower your monthly payment, it also can create confusion. The confusion lies in understanding the good faith estimate (GFE) and the HUD closing statement.

The GFE is the proposal the lender sends to you outlining your projected closing costs and the new mortgage payment amount. So often people will only …

Read More

Geithner and Schapiro Outline Proposed Reforms of Financial Regulations

Treasury Secretary Timothy Geithner and Securities and Exchange Commission Chairman Mary Schapiro each testified before different congressional committees today to disclose their recommendations on regulatory reform of US financial markets.

Geithner’s Testimony
Geithner, who spoke to the House Financial Services Committee, offered a six-point proposal to address oversight of major players in the finance markets and prevent many of the problems that led to panic in financial markets last year:

Identify a single regulator to supervise financial firms of all kinds and make sure that they do not take on excessive financial risks.

Increase the capital reserves that large

Read More

Are Market Declines Bothering You More Than They Should?

Everyone has felt the sting of the faltering stock market. The decline in retirement account values causes people to react differently: some sell their stocks and move to cash, some hang on for dear life, and others haven’t had a good night’s rest for 17 months. The question I would briefly like to address is, “how concerned should I be about my nest egg?” Simply, the answer to this question depends on when you are going to need the money in your savings.

We all know the equities market has lost approximately 50 percent since its high in October of …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login