Specialty
Advisory Fees | This Article Is Misleading

Advisory Fees | This Article Is Misleading

I Wrote This Article...5.5 Years Ago. The conclusions? Unchanged. This Article Shows The Shortcomings of Journalism This article appeared in the New York Times on February 10, 2017, it is titled "The 21 Questions You’re Going to Need to Ask About Investment Fees....

10,000 11,000 A Day Turn 65 in 2024

Santa’s Here

If you confuse what is a commodity versus what is a specialty, you are almost certain to lose, at some point. The questions at that point will be: when, and how much? Even people with practical experience get this wrong. The issue is that you may not be able to...

10,000 11,000 A Day Turn 65 in 2024

Vicious Chop

Most Interesting Day, in Months, Begins at 830AEvery month, the first Friday of the month, the US Labor Department releases non-farm payroll statistics at 830 AM, Eastern Time. That is in less than one hour. Non-farm payrolls gives you the central data point from...

Specialty

Specialty

SpecialtyA specialty is something where substitutes cannot be easily found, at a given price.For me, those specialties are, in part:Early retirement made possible because married couple in Florida has the resources to withdraw from post-tax funds, and simultaneously...

10,000 11,000 A Day Turn 65 in 2024

Key thing is that the path and guidance to making a decision is the specialty. Making sure the steps occur as they should is a specialty. Helping select one alternative path versus another is the specialty. The follow-up in terms of whether or not expectations are met, and adjustments, is a specialty

Key thing is that the path and guidance to making a decision is the specialty. Making sure the steps occur as they should is a specialty. Helping select one alternative path versus another is the specialty. The follow-up in terms of whether or not expectations are...

10,000 11,000 A Day Turn 65 in 2024

Manifesto Rule #3

Which Stone Is The Key?Jae’s Manifesto Rule #3: Don’t Confuse Commodity With SpecialtyThe reality is that I spend most of my time thinking: “how can I explain it so that a common-sense person can understand it?” The problem I have created for myself is that people...

10,000 11,000 A Day Turn 65 in 2024

The Obvious Positive

The Obvious PositiveI already know that not every reader of my book or observer becomes a client. There are a long list of reasons.You don’t trust financial people.You think that I am selling something in my interest first.You think that you can execute yourself.You...

10,000 11,000 A Day Turn 65 in 2024

Santa’s Ride Could Be Over

Paid Subscribers Saw This Yesterday at 11AMIt’s an image of the email that was sent yesterday, as I commented about Santa’s sleigh ride (financial markets higher). The good thing about the Subscribe nowAll We Need is Video GagaI doubt that we are going back, video has...