Consumer Finance

Book Review: The Soul of Money 0

Book Review: The Soul of Money

Posted by on Apr 19, 2017 in Consumer Finance, Donating to Charities, Financial Education/Literacy, Frugal Habits, Women Investors

If you want a more emotional, personal, and passionate point of view of money, read my review of The Soul of Money by Lynn Twist. It is surprisingly similar to John Bogle’s Enough book. I have come to realize the when it comes to thinking about money, people who do not have it, think about it all the time, and those who have saved, invested and managed their money, can think of supporting causes that make this planet a better place for all of us. I have discovered that I have become a better person by discovering and learning the investment process.

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What makes Vanguard and Tesla Similar? 0

What makes Vanguard and Tesla Similar?

Posted by on Nov 12, 2016 in Consumer Finance, Frugal Habits, Retirement Planning, Socially Responsible Investing

On April 22, 2014, was an exciting day for Dan and I. We picked up our brand new Tesla 2014 Model S. As you know, this car is very expensive. Almost a year had passed before we decided to purchase one. When it comes to supporting our values of buying American made products, supporting American ingenuity, American workers, sustainable energy movement, and a clean environment, money should not be an obstacle, especially when we could afford the price tag.

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Steve’s Book Review: Excellent for Beginners 1

Steve’s Book Review: Excellent for Beginners

Posted by on Sep 14, 2016 in Consumer Finance, Do it yourself investors (DIY), Financial Education/Literacy, Low Cost Investors, Passive Investment Strategy

I reviewed another investment book. I tell why self-published authors connect better with investing beginners than most of the traditionally published personal finance books found in bookstores. The author follows the sage advice of portfolio construction of Jack Bogle and the investment company he founded in 1974, Vanguard Group. I highly recommend this book. It’s an easy read and gets right to the point.

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Book Review: Trusting Financial Advisers 0

Book Review: Trusting Financial Advisers

Posted by on May 23, 2016 in Consumer Finance, Fee Only Fiduciary Financial Advisors, Financial Education/Literacy

Here we go again. That five letter word T-R-U-S-T leads directly to our emotions. Who can we trust with our investments? How do we know that a fee-only financial adviser is trustworthy? In my previous blog post (Trust and Investing), John Bogle wrote that the only thing you can trust is that the economies of the entire planet will grow over time. As a do-it-yourself investor, you can eliminate trusting an adviser. I thought I will take up this topic again through a book review because many of you want help, and there are trustworthy fee-only advisers. This book might provide clues by the language which reflect trust that these advisers use.

According to the authors, you are not the only one who might not trust an adviser again. Most Americans are still reeling over the 2008 stock market crash. Because of 2008, trusting a financial adviser and the industry has radically changed according to the authors. They wrote: “The roots of negative selling run deep. It has a long history of success. But our culture has changed, and negative selling is no longer consistent with who we are as consumers…Yet salespeople still often find themselves in that gray area between creating fear and illustrating a need-which in turn costs them sales.”

While the book’s primary audience is for the financial professional, my review might help you gain confidence on how to evaluate a potential adviser. Remember, you are interviewing potential advisers, not the other way around. My review of this book addresses the trust problem head-on and it’s for people who are looking for a trustworthy financial adviser.

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Therese’s Story 0

Therese’s Story

Posted by on Mar 26, 2016 in Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Late Starters, Laymen to Laymen Financial Information

The next financial coming of age story has a frequent theme. Many people have money in different financial institutions, different banks, different mutual fund companies, different asset classes, sectors, or individual company stocks. Therese, my guest author, had little idea what, where and who was minding her money! Her money was so convoluted that a Rubik’s Cube was easier to solve. Soooooo, there is plenty of room for simplicity. Discover how Therese’s portfolio evolved from a complex and incoherent mess to a simple Vanguard portfolio after one visit with a fee-only financial adviser from Garrett Planning Network.

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What can 2.5 months do to my boring portfolio performance?

Posted by on Mar 19, 2016 in Beginning Investing, Consumer Finance, Do it yourself investors (DIY), LAUSD Employees, Laymen to Laymen Financial Information, PreK-12 Educators

The first six weeks of the new year was a bust for the stock market. But in the seventh week something magical happened–it turned bullish. Oil prices went up and our Federal Reserve Board remarks on the status of the economy was neutral, along with a thousand other economic moving parts. I ignore all of the noise and stick with my planned portfolio allocation.

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