02 Mar The weekend starts here.....
Whenever I read blog posts from the US about the proposed DoL Fiduciary rule (the passing of which was delayed following the 2016 election), it never ceases to amaze me how far behind the curve the US is on this topic. This has applied in the UK and Australia for some years now, and I don’t recall any adviser backlash whinging about how putting the clients’ interests first would be somehow ‘bad’ for clients. Acting in the clients’ best interests [2 min read]
“Obvious things escape attention because attention is drawn to what it wants to see, or what it thinks makes the biggest difference, which often isn’t the obvious things because obvious things are viewed as too simple to make a difference.” Another great piece from Morgan Housel [5 min read]
When is the right time to start paying your children an allowance? This post from Peter Lazaroff is a great starting point [4 min read]
If you’ve put off working with a financial planner because you’re worried about it being unaffordable, or you don’t know what to expect, this podcast from two Next Generation planners should answer your questions, and hopefully, encourage you to connect with a financial planner. At worst, it will be an excellent primer on what good looks like, so you can ensure when you are ready, that you choose the right type of planner to work with [1hr podcast]
“I find for myself that my first thought is never my best thought. My first thought is always someone else’s; it’s always what I’ve already heard about the subject, always the conventional wisdom.” The importance of taking the time to think. [3 min read]
“No matter how much money you have, if you’re still worried, you aren’t wealthy.” Now and Then – this is a classic example of where financial planners add value. [3 min read]
“The next Warren Buffett will be a woman” I will refrain from commenting and leave you to make up your own minds 😊 [4 min read]
This is Alfie. His job is to guard the sheep, no matter what the weather. He’s a Good Dog.
Subsidiary jobs include – cat bed
and looking after little ‘brother’ Charlie
Unlike dogs, humans have a hard time knowing whether or not they’ve done a Good Job. We consistently overestimate our competence at tasks, and when we fail, we evince befuddlement — as if we’re looking for the Restore Saved Game function — rather than remorse or apology. A thought provoking piece from Ben Hunt [5 min read]
If you are trying to build your brand, you may want to rethink your strategy [5 min video]
And finally. Apparently, the rich really are different [22 min audio file]
Whatever you’re up to this weekend, I hope it’s a good one.