financial management: What are the 10 things you should ask a financial planner? - 03/15/11 12:35 PM
When interviewing a potential financial planner it is alright to be a little tough (remember these people are handling your money and investments).
Retirement expert Roger Wohlner shares the top ten things you should be asking when hiring a potential financial planner:
1. Will my assets be held at an independent third-party custodian?Will I receive account statements directly from them?
2. Do you have experience working with clients whose situation and advice needs are similar to ours?
3. How do you communicate with your clients?
4. How are you compensated? Do you receive any compensation based on … (2 comments)
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financial management: Why Timing the Stock Market Never Works - 08/24/10 12:23 PM
Wouldn't it be great if you knew when the markets were going to take off or tank?
Armed with that knowledge, you'd have no trouble achieving your investment goals. You'd just buy if the markets were going up and sell if they were going down.Here's the problem with that scenario:Market direction is driven by tomorrow's news. No one knows tomorrow's news. If we did, we would have predicted the oil spill in the Gulf of Mexico and the precipitous decline in the price of BP's stock.
The impossibility of predicting the unknowable does not stop the financial media and self-styled … (1 comments)
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financial management: What Are Your Favorite Money Sites? Help Me Out - 04/07/10 08:01 PM
Think Glink is working on a new project, can't disclose too much yet, but how would you like a site with expert-generated content on topics like insurance, taxes, financial planning, credit, real estate and money?
But Active Rain already exists right?
Part of the reason AR is so successful is that it provides a place for experts to share advice, but we can't be alone in the internet universe can we?
This is where my Active Rain friends come in, we are looking for other communities and sites that talk about those topics the same way Active Rain talks about real … (17 comments)
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financial management: What Are Your Favorite Money Sites? Help Me Out - 04/06/10 03:06 PM
Think Glink is working on a new project, can't disclose too much yet, but how would you like a site with expert-generated content on topics like insurance, taxes, financial planning, credit, real estate and money?
But Active Rain already exists right?
Part of the reason AR is so successful is that it provides a place for experts to share advice, but we can't be alone in the internet universe can we?
This is where my Active Rain friends come in, we are looking for other communities and sites that talk about those topics the same way Active Rain talks about real … (0 comments)
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financial management: Big Fat Financial Lies: Great Financial Advice Costs $$$$$ - 02/23/10 04:15 PM
Some financial advisors charge a lot for their advice. But how much work are they really doing for the money you’re paying?
Most good financial advisors will give you a free initial consultation. They’ll get all of your information (which could be a 6-page questionnaire or longer, if they do it right) and then you’ll sit and talk about money.
It's not to say you shouldn’t work with an advisor or that the advisor isn’t worth the money you’re paying. But the idea that you pay for what you get – so the more you pay the higher your returns – … (0 comments)
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financial management: RightSizing Your Finances in 2010 - 01/28/10 05:54 PM
During the 1990s and 2000s, people worked on the assumption that bigger was better. But was it?
Now people have to deal with the consequences of their spending habits and borrowing demands. Rightsizing is looking at your budget, your finances, your home, and your family and deciding what is right for you. You may need to cut back on expenses, luxuries, and discretionary spending but figure out what is important to you.
Rightsizing your finances is hardly anyone’s idea of a best way to spend a lazy Sunday afternoon. And it certainly doesn’t seem like the thing you’d want to do … (2 comments)
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financial management: Top Three Financial Resolutions for the New Year - 12/26/09 12:17 PM
Make a New Year's Resolution to clean up your personal finances. Stick to a budget, live within your means, and put away savings every month. Below are the top three financial new year's resolutions. Make 2010 the year to stick to your financial new year's resolutions.
Do your personal finances need a tweak this year?
After two years of recession and an unemployment rate that topped 10 percent in 2009, it seems as though a little personal finance rebuilding might be in order.
But as we recover (slowly!) from the worst economy in decades, it’s a great opportunity to rethink … (2 comments)
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financial management: Real Estate Market Tips to Improve the Housing Market - 11/13/08 11:04 PM
My mailbox has been filled with letters from readers who wonder if now that the Presidential election is over, the real estate market will reset itself.
"Can we expect the next four years to bring us a better real estate market? Will my house go back up in value?" one reader wrote.
Eventually, the real estate market will hit bottom and turn around. Perhaps it has already hit bottom (one can only hope) and now we are waiting for the "bumpy bottom," as Alex Perriello, president and CEO of the Realogy Franchise Group put it at the launch of its newest … (0 comments)
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financial management: New Picture of Personal Finances Shows, in Case of Emergency, Two in Three “Household CFOs” Are at Risk - 08/14/08 03:29 PM
ATLANTA, Aug. 14, 2008 – A recent national survey of “Household CFOs” − people who are primarily responsible for the financial management of their household − reveals that a majority are not adequately prepared for short-term financial setbacks or long-term financial needs like retirement. In fact, 68 percent of households do not have emergency savings accounts, putting them at financial risk in the event of a crisis.The survey was conducted by Consumer Credit Counseling Service (CCCS) of Greater Atlanta, a national credit counseling agency that has been educating consumers on money and debt management, housing, and bankruptcy and foreclosure prevention since … (0 comments)
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