In order to get a better idea of what I’m all about, and assuming you’ve already checked out the FAQ, here’s where I stand on many key investing topics. I might have also snuck one other topic in there.
To challenge myself (and to avoid putting you to sleep), I’ve addressed each topic in ten words or less.
Active/Passive: invest passively and pay less to get more. Good deal.
Annuities: useful for the risk intolerant but always opaque and expensive.
Debt: sometimes a necessary evil, extinguish as early as reasonable.
Economics/Economic Forecasts: rarely accurate, typically biased, fun graphs at least.
Emergency Accounts: absolutely necessary, don’t leave home without one.
Fees: major drag on returns, rarely justified, must minimize.
Fiduciary Duty: would you trust someone who’s not required to serve YOU?
Financial Plans: need to be simple, actionable, readable. Unfortunately, usually >50 pages.
Hedge Funds: misunderstood, but not suitable for the average investor.
Inflation: unrelenting, often underestimated, must always be considered.
Investor Psychology: unbelievably important. Emotion must be minimized.
Gold/Commodities: gold a relic, commodities provide little else but potential diversification.
Life Insurance: sold by a broker, therefore requires heavy scrutiny. Still – important.
Mutual Funds: usually vehicle for brokers/managers to cash in – be careful.
Politics: market likes DC away from headlines, so I do too.
Risk: not volatility – the probability of incurring a loss.
Seattle Mariners: it takes more than ten words to describe the pain.
Taxes: aim to minimize, but not at any cost.
Is there anything else you think I should address? Let me know!