Weekly Mixtape for September 23rd, 2017

Every Friday I’ll be releasing my own compilation, a mixtape if you will, of blog posts from the week I think are worth your time.

Well, after a few weeks of posting my week tape on Saturday morning, instead of Friday, I’ve made the executive decision to move the Weekly Mixtape to Saturday mornings. This should allow me to do more videos on Fridays–which I hope you are enjoying; they’re getting better as the boys and I get more comfortable in front of the camera–it’s harder than you think, especially when you don’t know how to edit errors mid-video, so we’ve got to get it all in one take. Plus, it just seems like Saturday mornings work better for my schedule. Anyway…

Here are this week’s picks, I hope you enjoy!

Financial Times Advisor: Top Notch Advice Adds Up I’ve written about the value financial advisors provide their clients–investments and portfolio management receive the majority of the attention, but there is so much more to the relationship with an advisor. As Jeff Prestridge discusses, good financial advice adds up and provides measurable advantages for those receiving financial advise versus those not.

To quote the ILC: “The advice market is not working for everyone. A high proportion of people who take out investments and pensions do not use financial advice, while only a minority of the population has seen a financial adviser. Since financial advice has clear benefits for its customers, it is a shame that more people do not use it.” 

That’s why RLWM was started–to bring financial planning to those, especially Millennials, who haven’t had the opportunity to receive it in the past.

Points and Figures: The ICO Craze is Bullshit

“The tech isn’t widely adopted enough to sustain a massive business.  But, it’s coming.”

I had a conversation with a friend in the industry about how my Twitter feed is filled with Bitcoin, Blockchain and other cryptocurrencies, but hardly any of my friends outside of finance and Fintwit know anything about this stuff. I’ve been spending a lot of time learning, and while I’m excited about the possibilities, I’m still skeptical about what the landscape looks like down the road. Currently, my biggest concern isn’t which cryptocurrency is crowned king, currently, it’s Bitcoin. I’m worried about the number of initial coin offerings (ICOs) that are popping up. I’m afraid many investors are going to get hurt buying these coins in search of the next Bitcoin–unaware the “coin” they are buying is nothing like Bitcoin. Jeff does a great job sharing the same concerns. Read this post and Josh Brown’s below together.

The Reformed Broker: ICOs Are Where The Frauds Will Take Place This is a must-read for those interested in the cryptocurrency craze and are just getting started. Josh does a great job explaining the risk in the ICO market you just read about with Jeff’s post, and he does so in a way only The Reformed Broker can–it’s hilarious.

Fast Company: As Wealthy Millennials Take Control of Family Fortunes, Impact Investing Is Set For A Big Boost For the last year, I’ve been working on developing portfolios for clients with an interest in ESG investing. It’s been a fun, yet sometimes frustrating process. I’m excited to be closing in on finalizing my portfolios; since I work with a lot of Millennials, I think they will be well received.

Pete The Planner: Small Financial Mistakes Are Worse Than Big Financial Mistakes It’s the little things that add up to create the biggest problems, and Pete explains why those smaller ones are harder to fix–behavioral finance at its finest.

Morgan Housel via Collaborative Fund: Skills vs. Behavior “What trends are happening that contradict how I’ve been taught the world is supposed to work?”

All About Your Benjamins: Financial Planning Isn’t A Dance


Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.