How Picking A Financial Adviser Can Go Wrong
New research shows why a guide who's good for some people could be bad for you
By ROBERT POWELL
Let's say you have a health problem and you visit two or three internists. Chances are good you would receive a similar diagnosis and treatment from each doctor.
But let's say you take a financial problem, or your retirement goals, to two or three financial advisers. New studies show that you're unlikely to get the same, or even similar, recommendations about what investment products to buy or what strategy to pursue. And that could make a big difference in your financial future.
According to a recent report from Cogent Research LLC, a market-research firm in Cambridge, Mass., retirement-savings recommendations vary greatly based on the type of firm for which a financial adviser works. ... Read More Link On Right
This is an excerpt. The full post is located at I4U Forum. Originally posted at GET : http://www.intel4u.com/Forums/index.php?/topic/191-information-security-privacy-for-the-dinar-holder/ (Dinar Recaps Note: This post is for informational purposes only. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional advisers.) Information Security & Privacy for the Dinar Holder … You can have Security without Privacy, but you can’t have Privacy without Security! Personal Security Checklist for Home, Business and Vehicle A. Home · Do not put your name on the outside of your residence or mailbox. · Have good outside lighting. · Control vegetation to eliminate hiding places. · Entrances and exits should have Solid door with deadbolt locks.....Read More Link on Right
I was talking to a Muslim lady, who is a a doctor and has a great restaurant I go occasionally, when I'm not totally broke. Anyway, she said something that I found profound and beautiful and very relevant to where we are with the dinar investment. She said: "Islam is about being between patience and thankfulness. We need to be patient for what we have asked for and then be thankful when it arrives." Given Iraq is mostly Muslim, I think it is very appropriate for us to honor that view too. I see lots of people who are extremely wound up over the dinar, "will it happen tonight?" etc. There is nothing we can do at all. The gurus do their best to give us what they can. But not one of them has the full set of jigsaw pieces either. If they did, they did they would not be here with the rest of us. So please, don't berate them if your expectations weren't met. It is our expectations that cause us pain. The dinar is not "late", how can it be late since we don't know the plan? As the Beatles said, Let It Be.
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Financial Watchdog Post From Forbes.com
Wealthy Clients Should Beware Of Private Banks Edward Siedle,
Conflicts of interest, murky disclosure render wealth management suspect.
It's a little-known secret that many wealthy investors are profoundly dissatisfied with the private banks that oversee their assets. They should be. Private banking is an investment backwater where appearances and reputations often far exceed capabilities.
To make matters worse, as private banks become more embedded in their clients' overall financial lives, firing even poorly performing ones becomes challenging. The bank may, for example, become your lender or serve as a corporate trustee in your family trust. ... Read More Link On Right
Bruce Lee’s Top 20 Tips for Being Successful in Life and Business
Bruce Lee Statue in Hong KongWhen I grew up, Bruce Lee was one of my biggest role models, and he still is.
He accomplished more in ten years than most people do in a lifetime. So I decided to gather Bruce Lee’s most inspirational quotes in one place.
The quotes below are what I believe it takes to live a successful life and have success in life and in business. These quotes will inspire, motivate, and encourage you to go after your dreams.
With all that said here are Bruce Lee’s top 20 tips for living a successful life.
1. Apply What You Learn
“Knowing is not enough, we must apply. Willing is not enough, we must do.” ... Read More Link On Right
TIPS FOR USING LOGIC AND COMMON SENSE Chase Carlton – Dinardate.com After reading the recent numerous posts calling for imminent RV, intelligence reports saying it’s happened, and a host of other claims that have not materialized – a few things seem obvious. - You probably don’t want to trust the predictions, make economic decisions, or follow the advice of someone who repeatedly makes inaccurate statements or predictions.
- One definition of insanity is: Doing the same thing over and over again and expecting different results.
- If you are addicted to the hype of an imminent RV, ask yourself - what need is this satisfying? How is that working for you?
- Review advice, information,” facts” that you have learned from experts and professionals regarding financial matters connected with the RV. Consider the source of the recommended expert/professional. Unless they too are a professional with solid credentials, how much can you rely on their input? Are they qualified to say, who is qualified and why this is good advice?
- Don’t be lazy, don’t be naïve – do your own qualifying and research! Get more than one qualified opinion on important matters, financial or otherwise. Research the credentials and history of the people you get advice from. This is your financial health or well-being that is potentially in play with this investment.
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Gribbohm's second mistake was pursuing easy financial gain.
Most people don't understand that easy financial gain is one of the worst things that can happen to them. Ask a lottery winner. According to author Don McNay's book, Life Lessons from the Lottery, the lives of lottery winners are usually a wreck within about five years of winning.
Lottery winners get a ton of money they didn't earn without any practice at hanging onto large sums of money. It's really, really hard to do that. It's like ordering a drink at your favorite watering hole and being dropped into a giant vat of beer.
Technically speaking, you got what you asked for… just more. More is bad when you're not prepared for it… when you didn't do more to earn it. ... Read More Link On Right
Poor Henry: One Man's Devastating Loss… and How to Avoid It Yourself
By Dan Ferris, editor, Extreme Value From Steve Sjuggerud's Daily Wealth Wednesday, May 8, 2013
Tubs of Fun is a simple carnival game.
You throw a softball into a plastic tub from a few feet away. The object is to make the ball stay in the tub.
It sounds easy, but it's not. The ball is too bouncy, and the tub is too hard. It's difficult to keep the ball from bouncing out of the tub. The player has the illusion he's throwing a ball into a container. But he's really just throwing it at a solid wall. ... Read More Link On Right
By justmichelle From KTFA Forum
Good evening everyone What’s the secret to being happy? You can learn how to do it, just as you can learn any other skill.
Those who are happy tend to follow a certain set of habits that create peace in their lives; if you learn to apply these habits in your own life, there’s a good chance you’ll be happy too.
Below is a compiled list of 22 such behaviors that you can use to enhance your life and your happiness. And remember, it only take 21 days to form a habit! ... Read More Link On Right
Treasure Every Moment in Life By Iggy KTFA
Imagine there is a bank that credits your account each morning with 86,400.
It carries over no balance from day to day. Every evening deletes whatever part of the balance you failed to use during the day.
What would you do? Draw out every cent, of course!!!
Each of us has such a bank. Its name is TIME.
Every morning, it credits you with 86,400 seconds.
Every night it writes off, as lost, whatever of this you have failed to invest to good purpose.
It carries over no balance. It allows no overdraft. ... Read More Link On Right
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