EasyBlog

Welcome to the 'No-Guilt' blog!
People come to here because they want to build financial confidence and take meaningful action. We provide the context for those things that affect your financial health. Our goal is to help you live in the 'No-Guilt Zone'.

Top Sector Picks of 2015

It fascinates me that so many investors continue to believe that professional money managers and market strategies can predict what’s going to happen in the financial markets. (The majority of the evidence shows otherwise). So, these investors look for and listen to the soothsayers that claim to know what's going to happen.

Like my previous blog "Top Stock Picks for 2015", we are going to track the actual results of 10 of the most respected and highly compensated market strategists on Wall Street.

Continue reading
1906 Hits
0 Comments

Once Again…It’s On! Here We Go! Top Stock Picks for 2015.

Every December, the financial media publishes and broadcasts the predictions of Wall Street analysts and money managers who offer their top stock picks for the year to come.

When people ask me what I think about the predictions or what the markets will do, I tell them bluntly, “I have no idea!  Your guess is as good as mine.”

To evaluate these predictions, I highly recommend doing the following easy and educational exercise, which I’ve been doing for over a decade:

Continue reading
1802 Hits
0 Comments

The FOCUS Blog is Back!

The FOCUS Blog is Back!

After a very lengthy hiatus, we are happy to announce the relaunch of our blog.  With the new look and features, we hope you like it as much as we do!  

Look for new posts beginning next week!

Please route any questions, ideas, or suggestions that you have for the Blog to: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Continue reading
1194 Hits
0 Comments

Work with someone who works in your best interest

There is a lot of confusion about how different types of financial “professionals” work. On one hand, you have brokers or registered representatives (RR) who work for broker-dealers and insurance agents who represent insurance companies. On the other, you have investment advisors (IAR) who work for Registered Investment Advisors (RIA). While people use the generic term financial advisor to describe all three, there is a substantive and legal difference among them.

(The term financial advisor did not exist until the late 1990s and was a deliberate and brilliant marketing tactic to recast product sales people (i.e., brokers and agents) in a more positive light and blur the distinction among RR, agents and IARs). Suitability or Fiduciary?

RR’s and insurance agents work on the suitability standard. This means that as long as they get information about your net worth, determine how much risk you can handle and verify that you are financially qualified, he or she can recommend a product that is not necessarily in your best interest. You bear all the risk. Suitability is essentially a “buyer beware” standard filled with conflicts of interests.

Continue reading
1724 Hits
0 Comments

The urgent need for a universal fiduciary standard

I closed my last entry with the question: Under which standard would you rather the professional financial advice giver work: suitability or fiduciary?

The answer is obvious, but let me share with you what’s happening behind the scenes.

For decades, the term fiduciary has been foreign to the investing public. Over the last decade and with enactment of Dodd-Frank, it is now entering the public consciousness. (The Dodd-Frank Act is the most extensive financial regulatory laws enacted since The Great Depression. Among other things, the laws aim to prevent another financial crisis and increase consumer protections).

Continue reading
1213 Hits
0 Comments

Find your financial balance.

Our Financial Self-evaluation Tool helps you identify your financial blindspots and increase your financial power.

Download a free financial self-evaluation

 
 

Find balance in your Financial Life

Download our Financial Wheel of Life Self-Evaluation