Appreciate your time reading and share with all your colleagues. There is a lot of open space between self-directed and active investing and if I was building a business at a traditional investment company it surely would have to include product discussion. Golden handcuffs could be economic-based financial planning, too.
Did you have me in mind when launching Personal Finance Economics? Maybe not but I feel like an ideal client.
Let's start with the main idea: credentials. I have one professional credential - the CFP® credential. It was hard to get; and I'm proud of it. It's not the end all be all of financial planning, but a good start and "the gold standard" of credentials, according to the CFP® Board.
Monte is a buffoon. If I saw that Instagram post (well, I don't go on IG much)…
Active investing - it is alive and well at my firm. I asked a friend from church, who is a successful advisor with Ameriprise, about how to build my business effectively. He launched into an oration about stock picking, Bloomberg, WSJ, Financial Times, and selling your "active expertise" to HNW $. Sorry, sir, but I don't buy it. Last time I checked, SPIVA was still empirically accurate - https://www.spglobal.com/spdji/en/spiva/article/spiva-us.
So we've covered credentials, active investing, and Monte. Well, that should be fine for now. I'll take the rest of my comments offline. Thanks again, Bob, for bridging the academic and financial worlds. Until next time...
Very coherent. I especially liked, "The empirical evidence is convincing that active advising doesn’t beat the market and is relatively expensive. Engaging index investing is the reasonable path."
Hilarious. For all I know the “CAA” title could just mean he’s a member of the Canadian Automobile Association!
Appreciate your time reading and share with all your colleagues. There is a lot of open space between self-directed and active investing and if I was building a business at a traditional investment company it surely would have to include product discussion. Golden handcuffs could be economic-based financial planning, too.
Bob,
Did you have me in mind when launching Personal Finance Economics? Maybe not but I feel like an ideal client.
Let's start with the main idea: credentials. I have one professional credential - the CFP® credential. It was hard to get; and I'm proud of it. It's not the end all be all of financial planning, but a good start and "the gold standard" of credentials, according to the CFP® Board.
Monte is a buffoon. If I saw that Instagram post (well, I don't go on IG much)…
Active investing - it is alive and well at my firm. I asked a friend from church, who is a successful advisor with Ameriprise, about how to build my business effectively. He launched into an oration about stock picking, Bloomberg, WSJ, Financial Times, and selling your "active expertise" to HNW $. Sorry, sir, but I don't buy it. Last time I checked, SPIVA was still empirically accurate - https://www.spglobal.com/spdji/en/spiva/article/spiva-us.
So we've covered credentials, active investing, and Monte. Well, that should be fine for now. I'll take the rest of my comments offline. Thanks again, Bob, for bridging the academic and financial worlds. Until next time...
Glad it hit the right chord.
Very coherent. I especially liked, "The empirical evidence is convincing that active advising doesn’t beat the market and is relatively expensive. Engaging index investing is the reasonable path."