Archive for February 2010
Retirement planning: unanswered questions
Posted by: Michael Zhuang on: February 23, 2010
“Much rides on how you take your money out, not simply how much you have in.” –Lee Eisenberg in The Number It’s true. Yet, for whatever reason, there’s much more written about strategies for accumulating assets than about strategies for intelligently spending down your assets. Investors nearing retirement have a lot of questions, and so [...]
Do you know your financial advisor?
Posted by: Michael Zhuang on: February 17, 2010
Few people know that there are 2,613,000 financial advisors in the U.S. It is the fifth largest vocation, right after truck drivers and before janitors. Even fewer people know that, unlike attorney and CPA, financial advisor is a free title – there is no uniform legal standard or educational requirement for the title. Nobody will [...]
The investment risks you don’t see
Posted by: Michael Zhuang on: February 8, 2010
When talking to a prospect about my advisor services, I would ask him his philosophy about risk. The conversation would usually go like this: Prospect: “I don’t like losing money.” Me: “What do you mean? Can you be more specific?” Prospect: “I don’t mind giving up a little upside; I just don’t want to lose [...]
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