If you ever wanted an illustration of the disconnect between the media and real financial advice, it was delivered wrapped with a bow this week. Robert Gottliebsen has spent more years writing about business and finance than I’ve been alive. On my desk sits a BRW someone left there. They thought I’d be interested. I […]
Brief update on month 1 and 2. All contributions made, which is the whole point. I’m unsure of the best way to actually frame this, as I don’t want to use the exact financials. I’ll do a cumulative percentage gain on the whole portfolio at the end of each month. Later when there’s more data […]
One of the most well-known psychological studies ever done is the Stanford Marshmallow Experiment from the 1970’s. You’ve likely heard of it, know a variation of it, or have watched an interpretation of it somewhere in the media. Testing out the will power of small children or dogs can be entertaining. Dogs being tempted with […]
The market’s going to crash. I’m waiting for the next crash. Crash. Crash. Crash. Crash. For advisers engaging with new clients right now, it may mean listening to suppositions about the market taking another dive. It’s been reported to me several times. Some advisers had clients waiting for ‘the next big one’ for years after […]
Working in the financial advice space, I hear plenty of feedback from advisers on what clients and prospective clients are thinking. We have an investment philosophy, we do our best to educate clients about it, and to keep them on track. It doesn’t always work. And it shouldn’t be a surprise. Consider the time a […]
Comedian Chris D’Elia (I understand in the time since this post D’Elia has been exposed as an alleged pervert) was recently on Joe Rogan’s podcast. The pair discussed the longevity and resultant quality of TV shows. D’Elia made the point that a series can’t have more than six good seasons. (language warning). There will be […]
Over at Dimensional’s blog, they recently included a post on how financial advisory firms are communicating with clients during COVID-19. The responses are varied. “We can’t communicate with clients enough” from Jeff Buckner at Plancorp, to “many of our clients don’t worry until they hear from us” from Mike Davis at Resource Consulting Group. Along […]
There’s no need to run a poll. Trust in the medical profession is at an all time high. Doctors and nurses are treating the sick. Dealing with things up close we can’t imagine. They’re risking their lives doing so. Our local hospital has been the epicenter of an outbreak. In contrast, your average financial adviser […]
Thought leaders gravitate towards crisis. Many of us out here want to listen. Many up there on stage want to be heard. The big dudes are making regular appearances right now. Heads on the TV. Columns in the newspaper. Extra interviews. The best quotes are hopefully being minted. No one wants a spooked populace. Someone […]
Right now is an ugly time. People are out of jobs. Whole societies are cooped up in houses. Minds are wandering. Where does this end? For some, the descent into conspiracy is proving easy. The behaviour of some leaders, government agencies and international organisations hasn’t helped. No wonder people are confused. In fraught times liquidity […]
