August 12, 2014
The battle! Life insurance provides protection against you dying too soon. Annuities provide protection against you living too long. The amazing comedian Steven Wright might have said you should buy them both and let them battle it out!
The battle! Life insurance provides protection against you dying too soon. Annuities provide protection against you living too long. The amazing comedian Steven Wright might have said you should buy them both and let them battle it out!
August 11, 2014
Do you wish you could be an investing titan and buy things like hedge funds? Do you feel cheated that you can't easily get in on those kinds of investments? Isn't a stock/bond strategy for suckers by comparison? Well, Money Magazine reported this month that in the last decade hedge funds have returned less than half as much as a simple 60% stock/40% bond portfolio. But aren't they supposed to at least protect you in a downturn? Money says in the financial crash hedge funds did no better than the stock/bond mix.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
Do you wish you could be an investing titan and buy things like hedge funds? Do you feel cheated that you can't easily get in on those kinds of investments? Isn't a stock/bond strategy for suckers by comparison? Well, Money Magazine reported this month that in the last decade hedge funds have returned less than half as much as a simple 60% stock/40% bond portfolio. But aren't they supposed to at least protect you in a downturn? Money says in the financial crash hedge funds did no better than the stock/bond mix.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
August 2, 2014
Click www.facebook.com/clientpriority and like it, gosh darn
it!
Kiplinger's ranked mutual funds
and listed the top performers (Sept '14 issue). Should we buy the ones that did
best in the last year? Shouldn't we rely on these talented investment managers?
Before you do, ask why it is that the top 3 performers for the last year are
nowhere to be seen in the list for the top 5- and 10-year performers?
This is true for the large-cap list, the mid-cap list, the small-cap list AND
the large-cap international list! Be
careful about jumping into a hot investment.
In many cases, what was hot last year may just be a fleeting success
story.
- Larry Pike, CFA
- www.clientpriority.com
- Larry Pike, CFA
- www.clientpriority.com
July 30, 2014
How can we save money when it's so hard to shop around for our "necessities." AT&T Wireless charges me $225 a month for a family plan with calling, data, texting etc. But then they tried to sell me on a "share" plan that has everything but only cost $164 a month. That saves $700 per year!! But then they warned that the share plan causes me to lose a per-phone discount of $25/month if I use the two-year commitment. That adds between $300 and $1200 per year based on number of upgrades. But if I use the "Next" plan for upgrades then I won't lose the discount. But the "Next" plan costs an extra $25 per month!!! No matter what, they are getting your money. But they want you to think you're getting a great deal. Anyone have a couple of tin cans and a string I can borrow?
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
How can we save money when it's so hard to shop around for our "necessities." AT&T Wireless charges me $225 a month for a family plan with calling, data, texting etc. But then they tried to sell me on a "share" plan that has everything but only cost $164 a month. That saves $700 per year!! But then they warned that the share plan causes me to lose a per-phone discount of $25/month if I use the two-year commitment. That adds between $300 and $1200 per year based on number of upgrades. But if I use the "Next" plan for upgrades then I won't lose the discount. But the "Next" plan costs an extra $25 per month!!! No matter what, they are getting your money. But they want you to think you're getting a great deal. Anyone have a couple of tin cans and a string I can borrow?
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
July 25, 2014
Nassim Teleb, author of The Black Swan, said:
"I'm not saying that Warren Buffett is not skilled, only that a large population of random investors will almost necessarily produce someone with his track records just by luck." Do you agree?
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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