Author - Michael J. Garry, CFP®, JD/MBA

1
Can Everything Be Down for The Year? Um, yeah.
2
Don’t Buy Complicated Investments
3
Look Past the Headlines for Stock Returns
4
How the Financial Planning Process Creates Change
5
529 College Saving Plans

Can Everything Be Down for The Year? Um, yeah.

As of the end of November, ninety percent of asset classes tracked by Deutsche Bank were down.

Sixty-three asset classes are on track for a down year. That is a record, and that’s quite a record. It beats the record from like eighty years ago when they had like thirty some asset classes. Anyway, ninety percent.

Most of the way through December and it’s still on track.

It’s also trending to be the first year in twenty-five years when both stocks and bonds went down.

Stocks have gone down sharply a couple of times this year, earlier in the year …

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Don’t Buy Complicated Investments

There was an article recently in the Wall Street Journal about the collapse of a company called Future Income Payments. It was a really sad story.

There was a couple in the article and a nice picture of them. They have lost a big part of the money they had set aside for retirement and are in pretty bad financial condition.

It is alleged that they lost that money in a scheme perpetrated by a company called Private Income Payments which would buy pensions and sell the rights to the payments to investors in a little known, and to be …

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Look Past the Headlines for Stock Returns

If you are interested in knowing how the stock markets are doing, you have to look past the headlines.

I don’t know how many times I’ve gotten an alert on my phone and saw a headline that said “Dow Plunges!” or “NASDAQ Tumbles!”, and I’ve gone and looked to see what happened and those markets were down like 1% or 0.9%. That’s not really a tumble.

If you went to the grocery store and your favorite tuna went from $2 to $1.98 and the guy there says, “Oh look at that – the price just plunged!” you wouldn’t really believe …

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How the Financial Planning Process Creates Change

How the Financial Planning Process Creates Change

Our blog exchange continues and this month we have a blog from Rich Feight, CFP®, EA.

As the financial planning industry transitions into a Fiduciary standard of advice for retirement accounts the financial planning process will become more and more important. It’s important to understand that it’s a process and not a transaction. In other words, financial planning is something you enter into with a desired goal, and come out of the other side with expectations of meeting those goals. Of course, like any good process, it’s something you constantly must update and …

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529 College Saving Plans

This month we have a guest blog post from Dave Fernandez, CFP® who is a native of Arizona and has over 20 years of financial services experience.  He started his financial services career in 1995, is a NAPFA Registered Financial Advisor and is the owner of a fee only financial planning and wealth management firm, Wealth Engineering, located in Scottsdale.

529 College Saving Plans

Many of my clients have children, grandchildren or other loved ones who plan to attend college in the future. However, it is becoming more challenging each year to plan for the cost of college as …

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