I had a conversation recently with a good friend of mine while playing golf. He explained to me that during his rounds of golf he’s pretty good for most of it. Usually making par or bogey on 14-16 holes. The problem is there always seems to be 2-4 “blowup holes” where he scores double bogey,… [Read More] Damage Control
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Here we cover working with an investment advisor, how to find an investment adviser, what kind of questions to ask an investment adviser or financial advisor. We also cover topics like knowing the differences between stockbrokers (also known as financial consultants, financial advisers) and investment advisers -- differences most individual investors may not know.
We also cover areas like fee-only advisors versus fee-based advisors, and fee-only advisors versus advisers working on commission. We don't trash any business model as wrong, but it's important you know how your adviser gets paid.
If you do not see a topic you would like discussed, feel free to get in touch with Thomas Mullooly and his team at 732-223-9000 or here.
Here are some of our most recent articles:
Risk management is a topic we hear a lot about when it comes to investing. Its popularity tends to ebb and flow based on recent market performance. This seems intuitive to me because when the risk we’re trying to manage doesn’t occur, risk management often looks like a sunk cost. Conversely, when a risk we… [Read More] Risk Management vs. Return Management
I was reading Josh Brown’s post over on thereformedbroker.com about “three edges” and (as Josh put it) “incorporating them into one’s practice and philosophy can lead to a great deal of job satisfaction and lifestyle improvement.” There is so much more I can say on this, I’m going to break this up into a few… [Read More] Boring Is Good
Our lives are a spectrum. From “good” to “bad”. From “high” to “low”. Life is kind of like Statistics 101. Your thoughts, feelings, words and actions are data points on the bell curve of your life. When you’re feeling “good” you don’t want it to end. You don’t want to take the time from what’s… [Read More] Noticing The Ends
A few months ago, I bought the book “The Daily Stoic” by Ryan Holiday. For each day of the year there is a passage from either Seneca, Marcus Aurelius or Epictetus. The teachings by these ancient philosophers are then explained in more modern language by Holiday. The passage from today was too good not to… [Read More] Ancient Investing Wisdom
You don’t have all the answers. And neither do I. Asking for help is an underrated skill. First, we must know what we need help with. This requires reflection, humility and acceptance. We must admit to ourselves, “I don’t know”. The amount of information we have access to is a double-edged sword. We can get information… [Read More] Asking For Help