- ANNA N’JIE-KONTE – What’s the point of a financial advisor anyway? – “From what I’ve seen, a lot of people seem to think that an advisor is going to wave a wand and be life-changing for them. I believe a good advisory relationship has the possibility to be life-changing. For example, if you’re stressed about your finances around a particular goal. If I’m able to tell you that you can confidently achieve it based on the numbers. I view that as life-changing because you’re able to confidently walk in the direction of your dreams instead of sitting with the uncertainty and never doing it, doing it with stress and continuing to doubt your decision or not doing it at all and then living with that regret. Those are hard ways to live long term and you’re able to avoid that by hiring a financial advisor.“
- Michale Kitces – Managing Sequence Of Return Risk With Bucket Strategies Vs A Total Return Rebalancing Approach – “The second key issue is to recognize that decision-rules strategies liquidating from various buckets may be insufficient to sustain retirement as well. Not because they’re ensuring that equities don’t get sold when they’re down, but because they fail to buy even more when equities are down. In other words, the bond and cash buckets need to do more than just generate retirement distributions when equities are down; they also need to be deployed to proactively buy more equities after they’re down (something that automatically occurs with rebalancing, but not with buckets alone), an indirect methodology that ensures the retiree “sells high and buys low” to enhance long-term returns.”
This Week by RLS
- Justin Castelli – The Pursuit – Fear Is Not Real
- Thomas Kopelman – 4 Steps To Giving Every Dollar A Purpose
RLS Weekend Review
Each week my colleague, Justin Castelli, breaks down the headlines that may be impacting your financial plan. Will be back next week.