What is a financial advisor for? One view is that advisors have unique insights into market direction that give their clients an advantage. But of the many roles a professional advisor should play, soothsayer is not one of them. The truth is that no one knows what will happen next in investment markets. And if…

Savoring a vintage wine is one of life’s great pleasures. But often overlooked in the joy of consumption is the carefully calibrated journey from grape to glass. Similar levels of care are critical to good investment outcomes. A host of variables can determine whether a wine is great, good, mediocre, or undrinkable. These include the…

Ask most people what their net worth is and they probably don’t know. Show them how to calculate it and they’ll be dying to know how they compare to their peers. In the blink of an eye, “net worth” went from an unknown variable to a characteristic that defines you as a person.

Do you ever listen to the news and find yourself thinking that the world has gone to the dogs? The roll call of depressing headlines seems endless. But look beyond what the media calls news, and there also are a lot of things going right. It’s true the world faces challenges in maintaining stable and…

Do you know the difference between being cheap and frugal?  Some people use these words interchangeably but there is a big difference.  Ramit Sathi has a simplified chart that shows the difference between the two.  What about you?  Are you cheap, or are you just Frugal? Links mentioned in today’s podcast: The difference between cheap people…