In 2013, Were You Better Off Hiring Someone to Manage Your Money for You?

“History repeats itself, first as tragedy, second as farce.” –Karl Marx Look up the phrase “this time it’s different” on Google, and you can find a panoply of situations where the headline writer has pounded his keyboard, imprecating that the situation about which he writes is truly different. Just in the first two pages of […]

Just What Does That Money Management Fee Cost You?

“Beware of little expenses. A small leak will sink a great ship.” –Benjamin Franklin Previously, I’ve explained that it’s important to know how much you’re spending on fees in your investments, and why I’m no fan of people who charge assets under management (AUM) fees) for you to hand your portfolio over to them to […]

Are There Cases Where It’s Appropriate to Have Someone Else Manage Your Money?

Cliff’s Notes Version: Yes. But not as many as the financial planning industry wants you to think. I’ve made no bones about the fact that I’m no fan of the assets under management fee based structure. I recently received a phone call from an assets under management firm owner who, once he calmed down after […]