Author - David John Marotta, CFP®, AIF®

1
Equifax Compromised Your Credit Cards
2
The Business of Being an Artist
3
How Safe is Your Money Market?
4
Gold’s Role In A Portfolio
5
Investing Mistake: Paying Too Much In Investment Vehicle Fees

Equifax Compromised Your Credit Cards

Equifax, one of the three credit monitoring services, admitted recently that hackers gained access to the sensitive identify and financial information in their database for 143 million people (44% of the U.S. population). The hackers exploited a website weakness from mid-May to July. Equifax learned of the intrusion on July 29th but did not disclose the information to the public until 40 days later on September 7th. The credit breach is about as bad as you could expect a breach to be. Much of the data acquired is timeless information that could be used for years.

From the Equifax website

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The Business of Being an Artist

The Business of Being an Artist

The image of the starving artist has prevailed too long. Financial stress does not usually enhance creativity in the arts.

The real lifestyles of rich artists would get very low television ratings. They are frugal to the point of being miserly, but they are also willing to take risks by investing their wealth in the markets, their businesses, and themselves.

Financial planning is simply doing what it takes to give you the means to do what you want. The poorer you are the more you need financial planning. You don’t have any margin for mistakes.

For those working in the …

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How Safe is Your Money Market?

Money markets have been around since 1970 when Bruce Bent created “The Reserve Fund”, as it was called, to offer investors a way to preserve cash liquidity and still earn a small return. Today 18% of all mutual fund assets are invested in nearly 900 money market funds.

Money market funds are a type of mutual fund that seek to keep their share price at exactly $1.00. Consumers gain interest earnings plus the stability of getting their principal back. Unlike other mutual funds, money market funds are restricted to investing only in the highest quality debt with average maturities less …

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Gold’s Role In A Portfolio

A recent article on Seeking Alpha, “Gold’s Role In A Portfolio” has me again showing how the correct asset allocation to gold is zero percent.

Gold advocates will often go to great lengths to tout the advantages of owning gold while ignoring easier methods of achieving the same results.

Here are three way that the article was intentionally misleading:

Cherry picking the best time period

During the time period [1969 through 2016], gold returned 7.0%, about the same as bonds, but with much greater volatility than stocks.

First, this time period includes the hyperinflation of the 1970s. And …

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Investing Mistake: Paying Too Much In Investment Vehicle Fees

There can be great value in the sage advice of a fee-only fiduciary advisor. Even if they brought no value for their investment management, they could still bring great value for their help in comprehensive wealth management.

While a competent financial counselor can bring value, an expensive investment product cannot.

Given two S&P 500 funds, the fund that charges less in fees and expenses allows investors to keep more of the underlying returns. A small difference in returns has a large affect over long periods of time.

Imagine two investors who each take our advice and …

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