Although it seems like a minor detail, how the advisor is compensated is essential – it introduces conflicts of interest into the equation which can bias advice, and it also determines how much of your hard-earned money you’ll part with. Unfortunately for the clients, this can vary widely.
One of the universal truths in personal finance is that you need a gap between income and expenses to build wealth. This applies whether you earn $50 thousand or $50 million per year. If all your earnings are spent, nothing is left to accumulate and grow. There are two levers to pull if you want…
Although dividend investing and chasing yield are popular among investors, that focus is misguided. It should be considered more of a “feel good” strategy than a good strategy. In this post, I will explain why dividends are irrelevant and dividend investing is irrational. What is a Dividend? A dividend is a method for a company…
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