Rebalancing
Principles Of Personal Finance
Rebalancing an account means the setting of target levels for each investment and the periodic checking to see if investments are far away from their target weight, then moving some money from the recently best performing investment to the recently weakest one. This is deeply counter-emotional and so an objective system is very helpful. Rebalancing is most fundamentally a risk control process.
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Bear Markets
Principles Of Personal Finance
A Bear Market is what they call it when index prices decline by 20% or more and occur on average every five to six years. This episode discusses how investors should think about Bear Markets and how to take advantage of times like this.
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Diversification
Principles Of Personal Finance
A discussion of the definition, meaning and application of the principle of diversification to the process of creating an investment portfolio.
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Financial advisor value propositions
Principles Of Personal Finance
A discussion of how a financial advisor may add great value or perhaps none at all, depending on the subject in question.
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Money manager interview - Richard Wong
Principles Of Personal Finance
Richard Wong is the co-manager of the Mackenzie Cundill Value Fund. I had an opportunity to sit down one-on-one and talk about some of the principles he follows when investing for the fund.
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How You Pay Me - The Service Fee Mechanism Explained
Principles Of Personal Finance
This short episode explains how client pay me through an embedded service fee, a mechanism that aligns client & advisor interests and operates very economically and efficiently.
info_outlineA discussion of the definition, meaning and application of the principle of diversification to the process of creating an investment portfolio.