Fee Only vs. Asset-Based Financial Planners

February 24, 2013

I think anyone can come to the conclusion that financial planners who are paid on a commission model are probably the worst choice for savers. But once you get past the idea of a financial planner paid on commission, what’s the right choice – fee only advisers or asset-based advisers? Pros and Cons of Fee […]

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“Expert Advice” on How Much Retirement Savings You Should Have At Your Age

February 17, 2013

There are a lot of articles and financial firms that give varying forms of advice on how much retirement savings you should have at a given age.  Recently, there was a report put out by Fidelity, a major 401(k) player outlining their advice in the table below.  We’ll take a look at their suggestions and […]

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These Mutual Funds Actually Beat The Index. And “The Market”

February 14, 2013

I usually deter investors from chasing hot mutual funds based on last year’s returns because they tend to have much higher costs and managers find it difficult to repeat the performance. In fact, most mutual fund, hedge fund and individual money manager outperformance in a given year is due solely to luck and not skill […]

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Energy regulator to try and prevent mis-selling of energy tariffs by brokers

February 14, 2013

Small businesses throughout the UK constantly worry about paying too much for energy, but if research by energy regulator Ofgem is to be believed, some have been mis-sold deals by so-called ‘rogue’ brokers. According to the regulator, between 14-17% of firms who spoke to them were dissatisfied with the deals that brokers got them. Among […]

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Why Raising the Minimum Wage is a Terrible Idea

February 13, 2013

The biggest problem with Americans today, and the politicians that pander to them, is that they make choices based on emotional effect and not on data.  This is why there’s no outrage over the budget-busting compensation of public sector employees like teachers, firefighters and police (yes, they all do important jobs, but the free market […]

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Become Better Diversified and Get Higher Stock Market Returns

February 10, 2013

Every investor knows that diversification is the most fundamental and important part of a good, long-term investment strategy. However, there is no clear cut definition for what “diversification” really means. How far do you take the idea of diversification? Do you stop at the number of stocks or bonds your hold, or do you look […]

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