I continue to be amazed by, and distressed over, the number of otherwise-responsible people I deal with who don’t have an up-to-date will.
In my first post on personal finance, I outlined the 6 steps that are the foundations of personal finance. Now that you’ve got a solid understanding of your personal financial situation, it’s time to work on the basics.
Know Whats Going On: First we need to develop a net worth statement; a net worth statement is a lot like a balance sheet for a business. It contains all of the relevant assets and liabilities that have a financial value.
I am often asked to provide help with personal finance matters by people I know. Often they don’t need advanced financial planning assistance or portfolio construction, but they just need to be pointed in the right direction.
Investment fads are nothing new. When selecting strategies for their portfolios, investors are often tempted to seek out the latest and greatest investment opportunities.
We believe that the evidence – especially the kind that has been peer-reviewed and time-tested – is at the root of everything else we do to help investors achieve their personal goals through sound strategy.
There’s a reason we refer to our strategy for building durable, long-term wealth as evidence-based investing. There are a number of other terms we could use instead: Structured (getting warm), low-cost (definitely), passive (sometimes), smart beta...
Asset allocation. It’s so ingrained in how we manage our clients’ investment portfolios, we talk about it all the time. But what is it? What are assets, and what happens when you allocate them?
Headline-grabbing yield curve commentary somehow sounds important, doesn’t it? But what is a yield curve to begin with, and what does it have to do with you and your investments?
By quantifying and comparing the behaviors and relationships found among various funds, factors and portfolios, we can better determine which combinations are expected to produce optimal outcomes over time.