Good vs. Bad Spending - It's a Money ThingTim McAlpine
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
Navigating Income Loss - It's a Money ThingTim McAlpine
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
The document discusses the importance of setting specific, measurable goals in order to be successful. It provides examples of incorrectly formulated goals that are too vague and cannot be measured, such as wanting to "earn and set aside more money." Correctly formulated goals are specific, time-bound, and measurable, such as generating a 5% monthly return on trading capital by December 31, 2015. The document also outlines criteria for good goals and questions people should ask themselves to stay motivated and track progress toward their objectives.
The document discusses the importance of daily discipline in maintaining a "big why". It states that having a big why is not just an emotion, but rather requires making it a daily practice in order to fully embed it in one's subconscious mind. It also notes that a big why will likely change over time as one's goals and life seasons change. Maintaining awareness of plateaus and being open to evolving one's big why is important for continued motivation and growth.
Successful people often enjoy what they do and unleashing one's passion helps drive success. To stay successful, one must continuously learn and improve in their field of passion. True success comes from finding happiness in one's work rather than happiness being the goal of success. Those interested in a free book on finding success and happiness can request it by visiting the provided website.
How to Become Wealthy
By Mel Feller, MPA, MHR
Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching
Napoleon Hill, in his great book, Think & Grow Rich, describes the six steps to turn your “desires into gold.”
First: Determine exactly how much money you want to accumulate.
Second: Determine exactly what you will do to get this money.
Third: Establish the date by which you will do this.
Fourth: Create a definite plan to accumulate this money.
Fifth: Write out a clear, concise goal statement.
Sixth: Keep your goal statement at the top of your mind.
Sanam Maredia and Afsana Samnani presented on defining aims and achieving success. The document discusses setting clear aims in writing, believing in yourself, taking initiative without needing to be told, learning from failures, and fixing your mind on success. It emphasizes having faith in your own abilities, helping others, and using your mind and imagination to build plans to guide your activities towards achieving your aims.
5 Email Marketing Mistakes to Avoid - Understandingecommerce.comM. Patrick Doherty
Where do We Start?
Making a real impact in your email marketing is only possible when you follow through on what works. If you’ve started your marketing and then stopped it in the same attempt, it continues to get harder. There are many mistakes to make when marketing through email. As effective as it is, your work washes down the drain if you keep making the same mistakes.
This is why we wrote this. The promises of email marketing are close and are obtained with a steady practice of good habits. Let’s begin learning what you can do and how your business can change overnight.
Good vs. Bad Spending - It's a Money ThingTim McAlpine
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
Navigating Income Loss - It's a Money ThingTim McAlpine
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
The document discusses the importance of setting specific, measurable goals in order to be successful. It provides examples of incorrectly formulated goals that are too vague and cannot be measured, such as wanting to "earn and set aside more money." Correctly formulated goals are specific, time-bound, and measurable, such as generating a 5% monthly return on trading capital by December 31, 2015. The document also outlines criteria for good goals and questions people should ask themselves to stay motivated and track progress toward their objectives.
The document discusses the importance of daily discipline in maintaining a "big why". It states that having a big why is not just an emotion, but rather requires making it a daily practice in order to fully embed it in one's subconscious mind. It also notes that a big why will likely change over time as one's goals and life seasons change. Maintaining awareness of plateaus and being open to evolving one's big why is important for continued motivation and growth.
Successful people often enjoy what they do and unleashing one's passion helps drive success. To stay successful, one must continuously learn and improve in their field of passion. True success comes from finding happiness in one's work rather than happiness being the goal of success. Those interested in a free book on finding success and happiness can request it by visiting the provided website.
How to Become Wealthy
By Mel Feller, MPA, MHR
Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching
Napoleon Hill, in his great book, Think & Grow Rich, describes the six steps to turn your “desires into gold.”
First: Determine exactly how much money you want to accumulate.
Second: Determine exactly what you will do to get this money.
Third: Establish the date by which you will do this.
Fourth: Create a definite plan to accumulate this money.
Fifth: Write out a clear, concise goal statement.
Sixth: Keep your goal statement at the top of your mind.
Sanam Maredia and Afsana Samnani presented on defining aims and achieving success. The document discusses setting clear aims in writing, believing in yourself, taking initiative without needing to be told, learning from failures, and fixing your mind on success. It emphasizes having faith in your own abilities, helping others, and using your mind and imagination to build plans to guide your activities towards achieving your aims.
5 Email Marketing Mistakes to Avoid - Understandingecommerce.comM. Patrick Doherty
Where do We Start?
Making a real impact in your email marketing is only possible when you follow through on what works. If you’ve started your marketing and then stopped it in the same attempt, it continues to get harder. There are many mistakes to make when marketing through email. As effective as it is, your work washes down the drain if you keep making the same mistakes.
This is why we wrote this. The promises of email marketing are close and are obtained with a steady practice of good habits. Let’s begin learning what you can do and how your business can change overnight.
When you co-sign a loan for someone else, you take on full responsibility for the debt if they default. Co-signers end up paying the loan 75% of the time when the primary borrower defaults. Co-signing is especially risky for student loans, as many graduates struggle financially and default rates are rising. While it's difficult, the best way to help someone is not by co-signing but by offering a cash gift instead to avoid potential damage to your own finances and credit over many years.
1) Cost-of-living adjustments (COLAs) increase Social Security benefits each year to offset inflation. These adjustments affect both current and future benefits.
2) COLAs increase benefits by indexing past earnings to current wage levels and then applying the COLA percentage to the primary insurance amount (PIA) each year.
3) Delaying benefits results in substantially higher benefits due to avoiding reductions and getting larger annual COLA increases applied to a higher starting benefit amount.
The document analyzes stock market performance and correlations across different world markets from 2003-2012. It shows that returns varied widely between countries, with some like Norway and Austria achieving over 75% returns while others like Greece and Ireland saw declines of over 25%. The US market achieved average annual returns of 28.7% during this period. Charts also show that correlations between different regions were strongest between the US and other developed markets like Canada, the UK, and Europe, while Japan had a lower correlation to other markets.
How much can you spend in your retirement? Answering this pivotal question requires you look hard at your current spending and how long you can expect to live – and at new approaches to using both factors in your plan.
Longevity tables in the past have been viewed and applied statically. But people age year by year so tables need a dynamic application ... example? You never reach your expected longevity age for your current age ... it is always older than you now are no matter how old you are.
This document provides an overview of financial planning services to help clients achieve their goals. It discusses the importance of addressing financial comfort, retirement planning, taxes, family needs, education, and legacy building. It then outlines a comprehensive wealth advisory process that includes discovery of client goals, analysis of their financial situation, development of a customized plan, implementation with a team of experts, and ongoing monitoring. The goal is to help clients gain confidence and security in their financial future by staying disciplined and focused on long-term objectives, rather than being swayed by short-term emotions in the markets.
Humans are not naturally wired for disciplined investing and tend to make decisions based on emotions instead of reason. Many investors follow emotional cycles of optimism and fear that can lead them to make poor choices, especially during periods of market volatility. However, research shows that maintaining a long-term, disciplined investment strategy focused on diversification and ignoring attempts to time the market has been rewarded with strong returns. The key is focusing on the factors within an investor's control, such as their asset allocation and sticking to a thoughtful plan, rather than trying to predict unpredictable market movements.
This document discusses market equilibrium and how markets work. It contains the following key points:
1) Markets integrate the combined knowledge of all participants, with trading aggregating vast amounts of dispersed information into security prices.
2) People trust market pricing every day to provide an accurate estimate of current value for goods like fish or stocks. A stock's price reflects all known information about a company.
3) Few mutual funds survive and beat their benchmarks over 10-year periods, highlighting the difficulty of consistently outperforming the market.
4) It is better to let the market work for you by harnessing its collective knowledge, rather than trying to outwit it and compete with all other investors.
The document discusses how investors are strongly influenced by Morningstar fund ratings, preferring highly-rated 4-5 star funds. However, the ratings have little predictive power for future performance. The ratings act as a heuristic for investors but can lead to poor decisions due to anchoring bias, where the initial rating biases estimates of future performance. While intuitive, higher ratings do not necessarily mean better future returns. Understanding how the ratings can bias decisions may help improve investment choices.
The document discusses tax-friendly states for retirees. It notes that according to Kiplinger's, five of the top 10 most tax-friendly states for retirees are in the South, including South Carolina, Georgia, Alabama, Mississippi and Louisiana. It provides examples of low or no taxes on retirement income in Alabama and Pennsylvania. While it acknowledges taxes should not be the only factor in deciding where to retire, it maintains they are an important consideration.
There is a cost to indexing that most investors are unaware of. It is called “reconstitution.”
A blog post is scheduled for 8 Feb 2017 discussing this article.
http://wp.me/p2Oizj-Hh
Retirees often spend too much early in retirement and risk running out of money. While conventional wisdom says retirees spend 75% of what they did working, rising costs of healthcare, housing, education, and supporting family means retirees' expenses may not decrease as expected. Many also retire earlier than planned due to illness or because they can afford to. This misguided notion that spending will decrease leads to faulty retirement planning and savings. To better manage spending in retirement, people should realistically assess their spending habits and make plans to cut costs where possible through budgeting and spending less on unnecessary items.
This document provides an overview of Session I from the book "Money Talk: A Financial Guide for Women". Session I covers financial basics including understanding one's relationship with money, setting money values and goals, and tips for financial planning. It discusses how emotions and past experiences influence financial behaviors. The reader is guided through exercises to evaluate their money personality, values, goals, and relationship with spending. Effective financial planning requires understanding these personal factors and setting specific, measurable goals.
The document discusses 10 habits that can help develop financial stability and success. Some of the key habits mentioned include making savings automatic through regular transfers, controlling impulse spending, evaluating expenses to live frugally, investing for retirement early, keeping family secure through insurance and wills, eliminating debt through a snowball payoff plan, using an envelope system to track spending budgets, paying bills immediately or setting up automatic payments, reading about personal finances to educate oneself, and working to increase one's net worth over time through various means.
Part V: Redefining Life in Retirement, Post-DivorceAnn Steward
This document summarizes an interview with a 62-year-old divorced man who works part-time. Some key points:
He feels confident about his current financial standing. He regrets not being more involved in managing his investments in the past. He advises younger generations to budget, save as much as possible even small amounts, and pay down student loans aggressively if affordable.
This document provides tips and strategies for generating quick cash in an emergency situation. It discusses assessing your financial situation, prioritizing debts, increasing cash flow without taking on more debt, starting an emergency fund, reducing credit card usage, and finding painless ways to save small amounts of extra money. The key ideas are to remain calm, crunch the numbers, avoid further debt, build savings over time, and make small, consistent cuts to daily spending.
The document discusses cash flow management and financial fitness. It begins by stating that 43% of Americans spend more than they earn each year. It then outlines goals for the session, including providing insight, inspiration, and ideas/methods to help improve financial situations. Several symptoms of poor financial health or discomfort are listed, including poor cash flow management and excessive debt. Effective cash flow management is important as it provides control and reduces stress. The document provides advice on tracking spending purposefully and aligning budgets with goals/values to improve cash flow.
Secrets to subconscious_autopilot_wealthMOMOBACHIR
This document contains terms and conditions for a publication. It states that the publisher has tried to be accurate but does not guarantee all information is correct due to the changing nature of the internet. It warns readers not to rely on the publication as a source of legal, business, or financial advice. The document includes a table of contents that lists 8 chapters on topics like thinking big versus small, doing versus dreaming, and playing to win or lose. It encourages readers to think positively and have a vision and plan to achieve their goals.
This document discusses how to build self-confidence. It explains that self-confidence is important for success and can be learned. It provides tips for preparing yourself, such as reflecting on past achievements, identifying your strengths, setting goals, and managing negative self-talk. Specific strategies are outlined for building self-confidence, including dressing professionally, improving posture and gait, giving motivational self-talks, speaking up in groups, exercising, focusing on contribution over flaws, and sitting in the front row.
This document provides tips for young adults to get their finances in order. It discusses the importance of budgeting, paying off credit card debt, contributing to retirement plans, having an emergency fund, starting to save for retirement early, understanding taxes, having health insurance, and protecting your assets with insurance. The key pieces of advice include learning self-control, taking control of your own financial future, knowing where your money goes through budgeting, starting an emergency fund, and starting to save for retirement as early as possible.
This document provides 10 tips for personal finance and financial freedom. Tip 1 is to figure out your values and financial goals by writing them down. Tip 2 is to pay yourself first by setting up automatic savings transfers. Tip 3 is to pull your credit report annually to check for inaccuracies. The tips provide advice on tracking spending, reviewing investments, planning emergency savings, reducing debt, protecting your family with life insurance, reviewing insurance policies, and creating a will.
When you co-sign a loan for someone else, you take on full responsibility for the debt if they default. Co-signers end up paying the loan 75% of the time when the primary borrower defaults. Co-signing is especially risky for student loans, as many graduates struggle financially and default rates are rising. While it's difficult, the best way to help someone is not by co-signing but by offering a cash gift instead to avoid potential damage to your own finances and credit over many years.
1) Cost-of-living adjustments (COLAs) increase Social Security benefits each year to offset inflation. These adjustments affect both current and future benefits.
2) COLAs increase benefits by indexing past earnings to current wage levels and then applying the COLA percentage to the primary insurance amount (PIA) each year.
3) Delaying benefits results in substantially higher benefits due to avoiding reductions and getting larger annual COLA increases applied to a higher starting benefit amount.
The document analyzes stock market performance and correlations across different world markets from 2003-2012. It shows that returns varied widely between countries, with some like Norway and Austria achieving over 75% returns while others like Greece and Ireland saw declines of over 25%. The US market achieved average annual returns of 28.7% during this period. Charts also show that correlations between different regions were strongest between the US and other developed markets like Canada, the UK, and Europe, while Japan had a lower correlation to other markets.
How much can you spend in your retirement? Answering this pivotal question requires you look hard at your current spending and how long you can expect to live – and at new approaches to using both factors in your plan.
Longevity tables in the past have been viewed and applied statically. But people age year by year so tables need a dynamic application ... example? You never reach your expected longevity age for your current age ... it is always older than you now are no matter how old you are.
This document provides an overview of financial planning services to help clients achieve their goals. It discusses the importance of addressing financial comfort, retirement planning, taxes, family needs, education, and legacy building. It then outlines a comprehensive wealth advisory process that includes discovery of client goals, analysis of their financial situation, development of a customized plan, implementation with a team of experts, and ongoing monitoring. The goal is to help clients gain confidence and security in their financial future by staying disciplined and focused on long-term objectives, rather than being swayed by short-term emotions in the markets.
Humans are not naturally wired for disciplined investing and tend to make decisions based on emotions instead of reason. Many investors follow emotional cycles of optimism and fear that can lead them to make poor choices, especially during periods of market volatility. However, research shows that maintaining a long-term, disciplined investment strategy focused on diversification and ignoring attempts to time the market has been rewarded with strong returns. The key is focusing on the factors within an investor's control, such as their asset allocation and sticking to a thoughtful plan, rather than trying to predict unpredictable market movements.
This document discusses market equilibrium and how markets work. It contains the following key points:
1) Markets integrate the combined knowledge of all participants, with trading aggregating vast amounts of dispersed information into security prices.
2) People trust market pricing every day to provide an accurate estimate of current value for goods like fish or stocks. A stock's price reflects all known information about a company.
3) Few mutual funds survive and beat their benchmarks over 10-year periods, highlighting the difficulty of consistently outperforming the market.
4) It is better to let the market work for you by harnessing its collective knowledge, rather than trying to outwit it and compete with all other investors.
The document discusses how investors are strongly influenced by Morningstar fund ratings, preferring highly-rated 4-5 star funds. However, the ratings have little predictive power for future performance. The ratings act as a heuristic for investors but can lead to poor decisions due to anchoring bias, where the initial rating biases estimates of future performance. While intuitive, higher ratings do not necessarily mean better future returns. Understanding how the ratings can bias decisions may help improve investment choices.
The document discusses tax-friendly states for retirees. It notes that according to Kiplinger's, five of the top 10 most tax-friendly states for retirees are in the South, including South Carolina, Georgia, Alabama, Mississippi and Louisiana. It provides examples of low or no taxes on retirement income in Alabama and Pennsylvania. While it acknowledges taxes should not be the only factor in deciding where to retire, it maintains they are an important consideration.
There is a cost to indexing that most investors are unaware of. It is called “reconstitution.”
A blog post is scheduled for 8 Feb 2017 discussing this article.
http://wp.me/p2Oizj-Hh
Retirees often spend too much early in retirement and risk running out of money. While conventional wisdom says retirees spend 75% of what they did working, rising costs of healthcare, housing, education, and supporting family means retirees' expenses may not decrease as expected. Many also retire earlier than planned due to illness or because they can afford to. This misguided notion that spending will decrease leads to faulty retirement planning and savings. To better manage spending in retirement, people should realistically assess their spending habits and make plans to cut costs where possible through budgeting and spending less on unnecessary items.
This document provides an overview of Session I from the book "Money Talk: A Financial Guide for Women". Session I covers financial basics including understanding one's relationship with money, setting money values and goals, and tips for financial planning. It discusses how emotions and past experiences influence financial behaviors. The reader is guided through exercises to evaluate their money personality, values, goals, and relationship with spending. Effective financial planning requires understanding these personal factors and setting specific, measurable goals.
The document discusses 10 habits that can help develop financial stability and success. Some of the key habits mentioned include making savings automatic through regular transfers, controlling impulse spending, evaluating expenses to live frugally, investing for retirement early, keeping family secure through insurance and wills, eliminating debt through a snowball payoff plan, using an envelope system to track spending budgets, paying bills immediately or setting up automatic payments, reading about personal finances to educate oneself, and working to increase one's net worth over time through various means.
Part V: Redefining Life in Retirement, Post-DivorceAnn Steward
This document summarizes an interview with a 62-year-old divorced man who works part-time. Some key points:
He feels confident about his current financial standing. He regrets not being more involved in managing his investments in the past. He advises younger generations to budget, save as much as possible even small amounts, and pay down student loans aggressively if affordable.
This document provides tips and strategies for generating quick cash in an emergency situation. It discusses assessing your financial situation, prioritizing debts, increasing cash flow without taking on more debt, starting an emergency fund, reducing credit card usage, and finding painless ways to save small amounts of extra money. The key ideas are to remain calm, crunch the numbers, avoid further debt, build savings over time, and make small, consistent cuts to daily spending.
The document discusses cash flow management and financial fitness. It begins by stating that 43% of Americans spend more than they earn each year. It then outlines goals for the session, including providing insight, inspiration, and ideas/methods to help improve financial situations. Several symptoms of poor financial health or discomfort are listed, including poor cash flow management and excessive debt. Effective cash flow management is important as it provides control and reduces stress. The document provides advice on tracking spending purposefully and aligning budgets with goals/values to improve cash flow.
Secrets to subconscious_autopilot_wealthMOMOBACHIR
This document contains terms and conditions for a publication. It states that the publisher has tried to be accurate but does not guarantee all information is correct due to the changing nature of the internet. It warns readers not to rely on the publication as a source of legal, business, or financial advice. The document includes a table of contents that lists 8 chapters on topics like thinking big versus small, doing versus dreaming, and playing to win or lose. It encourages readers to think positively and have a vision and plan to achieve their goals.
This document discusses how to build self-confidence. It explains that self-confidence is important for success and can be learned. It provides tips for preparing yourself, such as reflecting on past achievements, identifying your strengths, setting goals, and managing negative self-talk. Specific strategies are outlined for building self-confidence, including dressing professionally, improving posture and gait, giving motivational self-talks, speaking up in groups, exercising, focusing on contribution over flaws, and sitting in the front row.
This document provides tips for young adults to get their finances in order. It discusses the importance of budgeting, paying off credit card debt, contributing to retirement plans, having an emergency fund, starting to save for retirement early, understanding taxes, having health insurance, and protecting your assets with insurance. The key pieces of advice include learning self-control, taking control of your own financial future, knowing where your money goes through budgeting, starting an emergency fund, and starting to save for retirement as early as possible.
This document provides 10 tips for personal finance and financial freedom. Tip 1 is to figure out your values and financial goals by writing them down. Tip 2 is to pay yourself first by setting up automatic savings transfers. Tip 3 is to pull your credit report annually to check for inaccuracies. The tips provide advice on tracking spending, reviewing investments, planning emergency savings, reducing debt, protecting your family with life insurance, reviewing insurance policies, and creating a will.
Citi's Linda Descano and consumer advocate Elisabeth Leamy share advice for getting your personal finances in order.
Connect: Professional Women’s Network is online community with more than 440,000 members that discusses issues relevant to women and their success. The free LinkedIn group powered by Citi also features videos interviews with influential businesswomen, live Q&As with experts and slideshows with career advice. To learn more and join the conversation in the largest women's group on LinkedIn, visit http://www.linkedin.com/womenconnect.
The document provides advice from Linda Descano and Elisabeth Leamy on personal finance topics. Some of their tips include automating savings so the money is not easily spent, thinking of budgets as spending plans rather than restrictions, and prioritizing retirement savings over saving for children's college since loans are available for college. They also discuss approaches to managing debt, selecting financial planners, refinancing loans, and managing money as a married couple.
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Best financial planning practices for teenagersCalvin Lee
Teenagers should practice financial planning by budgeting their money, distinguishing between needs and wants, and considering all costs before purchasing expensive items. They can start building wealth by creating an emergency fund of 6-12 months' expenses, purchasing insurance policies, and saving for education. Over time, teens can accumulate more wealth by investing small amounts in stocks and shares while continuing to add to their savings accounts. Financial planning helps teens achieve financial goals.
This document provides an overview of saving options for overseas Filipino workers (OFWs). It discusses regular savings accounts that allow flexibility but have low interest rates. Time deposit accounts offer higher interest rates but lock up funds for a set period. Special retirement savings accounts specifically target retirement goals with even higher rates and tax benefits, though early withdrawals face penalties. The document aims to help OFWs strategically save and invest their earnings.
6 mindsets that can help new graduates develop saving habits 1.2National Debt Relief
The document provides advice on developing good saving habits for new graduates with student loan debt. It discusses 6 mindsets that can help, such as paying off debt immediately, budgeting every dollar earned, not being discouraged by small savings, setting long-term financial goals, taking advantage of employer benefits, and being mindful of lifestyle inflation. Developing strong saving habits keeps one focused on the future, motivates preparation, and encourages smarter present decisions. Good savings habits can help establish a secure financial future despite student loan burdens.
Financial literacy is the ability to understand and effectively apply various financial skills, including personal financial management, budgeting, and investing. Financial literacy helps individuals become self-sufficient so that they can achieve financial stability.
"If you are also one of these people who do not know why finance knowledge is important. So let's talk about why finance knowledge is important and how to become financially literate.
Taking Control of Your Cash - Eliminating DebtJohn Brown
This document provides information from a seminar on eliminating debt, noting that the seminar discusses developing a financial plan through evaluating current spending, identifying wants and needs, creating a budget, setting financial goals, building an emergency fund, using debt management programs, and getting out of debt through various methods like debt snowball. It also encourages attendees to speak to certified credit counselors and financial advisors to develop an initial plan to improve their financial situation.
Similar to Advice iq advising your future self (20)
The Dynamic Implications of Sequence Risk on a Distribution Portfolio Journal...Better Financial Education
A practical method for advisers to measure exposure to sequence risk is through evaluation of the current probability of failure rate (which I've later renames as iteration failure rate to reflect measurement of the Monte Carlo simulation rather than the plan itself - two different things). This paper lead to a deeper investigation of failure rates thus leading to two subsequent papers discovering the three-dimensional nature of simulations over various time periods and allocations, as well as application of longevity to the simulation modeling.
Can You Pick The Next Winner?
Asset Class Performance 2002‐2021 of various global markets.
Pick any color in any earlier year and see what
happened in any later year. Bottom go up and top go down randomly.
*Note the 20 year results also
change asset class positions
over the years (don't predict
the future).
This document presents data on annual stock market returns in the US from 1926 to 2021. It shows that the market had positive returns in 75% of years, and the average annualized return was 10.2%. However, nearly two-thirds of yearly returns were at least 10 percentage points above or below the average. It also notes that more than two-thirds of down years were followed by up years, such as the 5% loss in 2018 followed by a 30.4% gain in 2019. The document concludes that investors who can withstand short-term volatility and maintain a long-term perspective tend to be rewarded in the stock market.
Prototype software example of aging model incorporating both portfolio and lo...Better Financial Education
This first appeared in blog post that describes the graphs in more details
https://blog.betterfinancialeducation.com/sustainable-retirement/what-are-the-three-paradigms-of-retirement-planning/
Prototype software example of aging model incorporating both portfolio and longevity percentile statistics along with consumer spending trend line of “Real People” (which is not based here on spending percentile statistics, but on research averages). Starting balance $500,000 with $36,000 Social Security. Two simple graphs by age answer many retiree questions about potential future spending and balances. Creates a whole different discussion. Also illustrates why age 95 is a poor reference for planning since it doesn’t plan or consider aging into future ages from the beginning of retirement.
Finding the parallels between flying a jet and helping people
develop financial plans may be difficult for the average person, but for Larry R. Frank Sr., the similarities between these two activities are crystal clear.
A question of equilibrium - can there be more buyers than sellers? Or more se...Better Financial Education
Have you ever wondered who is buying if so many people are selling?
The notion that sellers can outnumber buyers on
down days doesn’t make sense. What the newscasters should say, of course, is that prices adjusted lower because would-be buyers weren’t prepared to pay
the former price.
What happens in such a case is either the would-be sellers sit on their shares or prices quickly adjust to the point where supply and demand come into balance and transactions occur at a price that both buyers
and sellers find mutually beneficial. Economists refer
to this as equilibrium.
The Happiness Equation as it relates to investing is an interrelationship between your perceptions and expectations of investing and events. How do you manage happiness when you can't manage the markets?
A mistake many inexperienced sailors make is not having a plan at all. They embark without a clear sense of their destination. And once they do decide, they often find themselves lost at sea in the wrong boat
with inadequate provisions.
Destination, contingencies when trouble comes up, course corrections, bad weather and more can happen on the journey. How do you properly prepare for sailing is much the same as investing.
When setting expectations,
it’s helpful to see the range of outcomes experienced
by investors historically. For example, how often have
the stock market’s annual returns actually aligned with
its long-term average? Better yet, how often are the markets positive?
This document outlines a general plan to address various financial issues in three phases: retirement income, lost survivor income, and estate planning. It lists possible sources of income or solutions for each phase, such as pensions, social security, retirement savings, life insurance, and trusts. The plan emphasizes putting solutions in writing, reviewing them periodically, and deciding on a plan by considering available resources that can only be used once.
The world is risky. The future is uncertain. And many of the decisions we make can have a pro-found impact on our future welfare. Risk cannot be eliminated, but it can be managed.
Blog post for further perspective http://wp.me/p2Oizj-I8 (scheduled to post 17 May 17).
Robo-advisor portfolios may be well diversified, they also contain construction gaps that should not be present in well-constructed portfolios.
Post discussing this in broader context schedule for 3 May 2017 http://wp.me/p2Oizj-HV
Robo-advisor portfolios may be well diversified, they also contain construction gaps that should not be present in well-constructed portfolios.
Post discussing this in broader context schedule for 3 May 2017 http://wp.me/p2Oizj-HV
This paper essentially demonstrates to academics and the profession that the current method of computing retirement income essentially arrives at a single solution applicable only to today; it does not model the future as currently interpreted. Our paper contrasts the difference between a calculation and a "multi-cast" simulation model.
Our research summary paper is published in the Journal of Financial Planning, Nov 2016. A link to the paper is available here "Combining Stochastic Simulations and Actuarial Withdrawals into One Model." ( http://bit.ly/2eLBUq9 )
Our working paper documenting our research project won the CFP® Board Best Research Paper Award at the 2016 Academy of Financial Services ( http://academyfinancial.org/ ) annual conference through an academic panel using a blind review process. "Certainty of Lifestyle: Contrasting a Simulation Over a Fixed Period versus Multiple Period Models" ( http://bit.ly/2dWtuNz )
In early Nov 2016, two blogs will post going into more insights from the research: Just where does the fear of outliving our money come from? Part I with link to Part II. ( http://wp.me/p2Oizj-H2 )
Investing makes it possible for many of us to achieve important lifetime goals, such as retirement. That’s why we employ an investment approach based on almost nine decades of data, analysis and research, insights from behavioral finance and close relationships with leading academics. There are four key concepts which play a vital role in the construction and management of our portfolios. Together, they add up to a distinctive long-term, approach we call Asset Class, or evidence-based, Investing
There are a number of different methods of calculating investment return, depending on what you’re trying to measure. Perhaps the most basic is total return, which is simply an investment’s ending balance expressed as a percent of its beginning balance. Total return includes capital appreciation and income components; it assumes all income distributions are reinvested. To annualize total return, you’ll need to calculate the compound annual return, which generally requires using a financial calculator. It’s important to keep in mind that you need a greater percentage gain after a losing year in order to break even on your investment.
More discussion of this when blog posts 22 Feb 2017 http://wp.me/p2Oizj-Hk
The article discusses an alternative approach to experiencing the costs of index reconstitution, called “Asset Classes,” which allow the fund manager broader leeway as to when to buy or sell, along with a broader range of holdings. This discussion begins in the section called “Decision Two: Indexing or Asset Class Investing?”
The Asset Class approach, also referred to by others as "Factor Investing," is based on what has become to be called “Evidence Based Investing” due to roots discussed in the linked "Factor Investing" article, that come from academic (peer reviewed and repeatable results) foundation that continues to this day.
My blog post discussing this article is scheduled to post 8 Feb 2017 http://wp.me/p2Oizj-Hh
Most people look at the benefits they would receive today when making their decision about when to begin receiving their Social Security. They also underestimate how long they may live unless they already have medical issues that are known to reduce longevity.
These two impulses cause many couples to begin their benefits too early which has an adverse effect for survivor income. When one person dies, the lowest benefit “goes away” and the highest benefit “remains.”
The article below explains how that works with a couple and their Social Security benefits at various ages.
This brief slideshow discusses some elements necessary to recognize that our emotions and reactions to investing and markets often hurt results. Discipline and a focus on what you can control are important to success.
There is an investing approach that is based on discipline and evidence from research in both the finance and behavioral finance sciences.
Scheduled to post to Better Financial Education blog 11 Jan 2017 http://wp.me/p2Oizj-vH
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Poonawalla Fincorp’s Strategy to Achieve Industry-Leading NPA Metricsshruti1menon2
Poonawalla Fincorp Limited, under the leadership of Managing Director Abhay Bhutada, has achieved industry-leading Gross Non-Performing Assets (GNPA) below 1% and Net Non-Performing Assets (NNPA) below 0.5% as of May 31, 2024. This success is attributed to a strategic vision focusing on prudent credit policies, robust risk management, and digital transformation. Bhutada's leadership has driven the company to exceed its targets ahead of schedule, emphasizing rigorous credit assessment, advanced risk management, and enhanced collection efficiency. By prioritizing customer-centric solutions, leveraging digital innovation, and maintaining strong financial performance, Poonawalla Fincorp sets new benchmarks in the industry. With a continued focus on asset quality, digital enhancement, and exploring growth opportunities, the company is well-positioned for sustained success in the future.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Advice iq advising your future self
1. Advising Your Future Self
Submitted by Larry Frank Sr. on Tue, 05/20/2014 - 3:00pm
How do you encourage yourself to do something that you swear today
you’re going to do? Easy: Send yourself an email today for delivery to you
in the future.
“Send your future self some words of inspiration. Or maybe a swift kick in
the pants,” reads the introduction on futureme.org, where you write and
store emails to yourself for eventual, scheduled delivery.
You can write to yourself on any subject, of course – personal,
professional, familial. How can you use this tool to commit yourself to a
financial or savings plan?
Our memories are pretty short. We’re sure today that we’ll remember to
do something in years ahead or that we’ll stay committed to take some
action to help ourselves. Then the good intention slips our mind when the
time comes.
Want to save your income tax refund? Pay off your debt and begin to save
money instead of yet again spending it? How many times, when blessed
with such good ideas, did you say to yourself, “This year I’m going to do
that.”?
Don’t beat yourself up. According to a recent survey by America Saves
and the American Savings Education Council, only slightly more than half
(54%) of Americans have a savings plan with specific goals.
Most (57%) also lack a savings plan or don't save automatically (59%).
About half (51%) don’t save enough for a comfortable retirement.
In your email, explain to future self why your current feelings about money
and your financial tomorrow are important.In your email, explain to future
self why your current feelings about money and your financial tomorrow
are important.
2. Let’s say you always feel cash-strapped now and can’t seem to save
anything. When you get money, you always pay off old debt or spend the
cash fast. You know you want to save – it’s just that when the time
comes to fill out the deposit slip or set up the automatic transfer your
penniless panic takes over and you forget your thrifty intentions.
Your money evaporates, leaving you with those same old feelings. Again
you swear you’ll save and again you spend.
“Nobody,” said the Roman scholar Marcus Tullius Cicero, “can give you
wiser advice than yourself.” In your email, express your current
frustration with yourself in your own words.
Schedule the email to arrive the day before you face your next savings
decision, perhaps a payday. Options to suggest to your future self
include:
All possible courses of action – in this case, savings tools to
explore and use.
Organizing your own future excuses to spend – and the good
reasons to not follow them.
Cheap ways to get your mind off money problems, such as
exercise, listening to music or artistic expression.
Also slate your message to arrive multiple times around when you will
need to decide to sock away money. Maybe it will take a couple of times
but your messages to yourself will take hold. You can change your own
financial future.
Also schedule congratulatory emails to your future self, along with notes
of encouragement to keep your savings going. Keep ratcheting up the
encouragement further and further into your future.
Eventually you may reach a completely different and positive financial
situation with a completely different outlook and set of possibilities and
choices. You will then have yourself to thank.
Follow AdviceIQ on Twitter at @adviceiq.
Larry R. Frank Sr., CFP, is a Registered Investment Adviser (California)
in Roseville, Calif. He is the author of the book, Wealth Odyssey. He has
an MBA with a finance concentration and B.S. cum laude in physics with
which he views the world of money dynamically. He has peer-reviewed
research published in the Journal of Financial Planning.
http://blog.betterfinancialeducation.com/.
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