Weekly Mixtape for May 26, 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.

I’m cutting it close with this week’s mixtape…getting it done just a little before midnight, but it will still be replaced on Friday! I’ve got a good excuse though: I left work a little early today to meet my wife and boys to find out the sex of baby #3. I’ll be sharing soon…

Here’s my favorite posts from this week:

Collaborative Fund: Bad Experiences  Investors are always trying to balance risk with reward, and as Morgan Housel examines, risk is relative–it is influenced by each individual investor’s experiences. “Your concept of risk has as much to do with what you’ve experienced individually as it does the rules and formulas that everyone can learn collectively. There’s a cultural element of risk that can be more persuasive than the analytical element.” 

The Reformed Broker: What We’re Telling Clients About European Stocks I’ve written about home country bias a couple of times this year, and while the U.S.markets continue to have a strong start to the year, the international markets are having an even better start. When Josh Brown and the Ritholtz Wealth Management gang speak, I tend to listen…they’re speaking my language on this one.

The Wall Street Journal: Fiduciary Rule to Take Effect June 9 With No Further Delay Earlier this year the Department of Labor’s Fiduciary Rule was delayed, and it was widely believed to be on its way out thanks to the new administration–non-fiduciary advisors rejoiced. However,  this week the Labor Department Secretary declared the rule would take effect beginning June 9th (although it will not begin being enforced until January 1, 2018). While the rule is not perfect, it is a step in the right direction for investors.

The Indy Star: Marc Benioff- Why Salesforce Is Investing in Indy How about a shoutout for my hometown from one of the most respected CEO’s around? Although Indy is still a conservative midwestern city, we’re becoming a tech hotspot, which is helping the city become more progressive–we’ve still got a ways to go though. Nonetheless, whenever you have a CEO like Benioff highlight your city, it’s a good thing.

A Wealth of Common Sense: Knowing Where Your Financial Destination Is This is the name of the game–as a financial advisor, it is our job to help our clients determine their true destination and develop a plan to get there. This is why it’s a waste of time to compare your financial situation to someone else’s…we’re all heading to a different destination.

All About Your Benjamins: Two Years… It’s hard to believe just a little more than 2 years ago I set out to start my firm so I could work with anyone I thought I would be able to help–no minimum investments, no minimum income, and no minimum fee. It’s been a blast so far, and I’m just getting started!

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 disclaimers page.