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If You’re Not Learning, Are You Getting Better September 24, 2017

Posted by bluedevil32 in education, experience, Politics, questions, social, Uncategorized.
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While attempting to grind through a recent valuation project, I spoke with a friend about how we had changed over the years. Change is obviously something that most people experience, but how we reflect is often incredibly different. Some don’t. And to that, I’d say that I feel badly for them. Others do, but maybe not to an extent of “what did I do today – oh, that. Yes” — an acknowledgement more than a reflection. For those that reflect, ponder, and wonder why, or how to fix any occurrence that didn’t agree with them – those people are the ones who truly learn and can push themselves to better.

Learning is not hearing, memorizing, and repeating until information is no longer needed. Seek to learn. Provide yourself with a framework that you can apply the knowledge in, and build questions to hypothesize further in that space. We learn if we’re more interested, obviously, but you can build that interest. Challenge yourself. Honestly, I harp on myself for this, but it is discouraging to see people repeatedly not want to apply or seek knowledge in what they may/may not be interested in.

This all seems appropriate in this instant gratification/click-bait/24/7 news cycle period. Confirmation and recency bias run rampant. Few people question their sources or the information sources provide. When more people are in higher education, critical thinking SHOULD be a focus of almost all institutions, but it apparently falls by the wayside, especially when something agrees with your train of thought. It’s difficult to seek other sources, and even harder to avoid some form of a bias in answers. Everyone forms an opinion. Only through conversation and open discourse can you start to inform yourself of questions and answers in the framework of a solid argument. Then build up!

Presented with new facts that are contrary to what was gathered initially? Review them in the new light but your former framework – seek true results and apply. If the application of new knowledge reveals a new paradigm, then shift your hypothesis. People shouldn’t be wary of changing – invite it if your thought process is rigorous! Without a rigorous argument, though, it won’t matter whether you agree with others or don’t, because you won’t be vital to a conversation for more than 2 minutes unless it’s group-think.

It pains me to see straw man fallacy as a defense mechanism all too often these days. That isn’t worth a breath of counterargument by someone presenting logical context and thoughts. Critical thinking.

People have passions different than others. We are our own individuals at the end of the day. But we accept this. There’s not a single person who can be all-knowing about everything. Even if that were true, priorities wouldn’t align for those individuals with others. Some people focus on health – some people on education, others in finance, businesses. There isn’t a right or a wrong. Problems are rooted in a cause. Ask the questions about the cause. Maybe if that’s agreed upon, then solutions can be gathered, debated and decided upon merit. Throwing solutions at an unknown problem – this is no good. Context can be more important than the solution – otherwise you’re blindly tackling. Using medicine as an example – if you have pain in your arm and go to the general doctor, or let’s say an extreme: arm specialist – then you may get a response of “nothing appears wrong”. However, if you go in saying you’ve eaten unhealthily or had a family tree of cardiac disease, the doctor would hopefully put together that you need to see a cardiologist. I don’t want to go on forever (and I’m aware that this was a very LOOSE example – bear with me).

Context. More information. Questions. More details. Then a decision, an opinion, a solution. Then re-assess. Always be learning.



Robo Push Progression August 28, 2017

Posted by bluedevil32 in experience, finance, Uncategorized.
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With my work in valuation, I have primarily explored the fintech industry and love seeing new companies, ideas and explorations of outdated methods. The next 5-10 years will be instrumental in defining the space for many Gen X entering retirements as well as planning centralized around the largest generation going forward.

Product pushing runs rampant among firms, despite DC’s attempts at regulation geared toward protecting consumers. We need not think very hard to recall the GS issues 8-10 years ago or more recently the WF scandal that ran roughshed over accounts to hit sales numbers. Even if they don’t end up in lawsuits or other sanctions, I cannot help but question fiduciary standards. When consumers are too busy with their own lives/work to be experts in finance/insurance/investing matters, regulations should actually protect them – and fortunately for the financial services industry, the current regulatory actions say that they are protected. Most consumers are none the wiser. Hell, some professionals may not be wise enough to think for themselves about what they’re presenting. Who gets to be responsible for saying that my present self is more or less important than my future self? For an individual on their own, few people are impacted in the present moment if you do not consider time value and future values.

Thankfully, I believe robo-advisers will become a larger part of the future to come. There will be more value in what they present as the new norm: low or no fees, being aware of saving for later, and presenting more knowledge all while staying relatively easy. There is data out there that says most* robo-advisers may not beat the market, but many make investing and saving considerably less stressful/set-and-forget than an individual may feel if doing it on their own.

Even though I don’t see a market beater or a clear winner in the space going forward (just yet), what the COMBINATION of robo-advisers will do is make the whole environment better going forward. Firms are increasingly aware of the impact many fintech companies are presenting to the processes of old and their bottom lines. As a result, consumers should benefit as we go the way of easier access, more knowledge, lower fees and ultimately the best choices. Fintech and financial services affect us all, whether young or old, and consumers shouldn’t have to worry in such high-impact choices.

I’ll continue to follow what I have strong passions for and note key victories or losses!


Permabulls Everywhere? – Seek Other Opinions August 5, 2017

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We’re nearly a decade into a bull run. Yellen has continued to repeat her feelings that we should be bullish stocks for a long time. Granted, she’s remained dovish through her tenure as Fed Chair, so it shouldn’t come as a big surprise. However, outside of Dow 22,000, all-time stock highs, P/E’s rising and FANG + TSLA dominating media stories, bond market continues to push south and it seems forever that we’ve seen a healthy pullback, or a pullback of any sort since the start of 2016 (unless you count election morning’s blip).

Low yields seem de-coupled from historical trends – it’s becoming harder to achieve yield there, which would push into higher risk (equities) for larger investors. One point I heard today that was interesting is that companies have already gotten large boosts from the business environment we’ve entered – deregulation and regulatory roll-backs. Estimates put dollars spent on compliance were ever-increasing until the new administration. So, despite fights in health care, insurances, and tax reforms rage on, regulatory environment changing will have major impacts for companies. If we include the bond yields and rate environment, should be a boon for small-caps as investors seek higher returns.

Another thing to watch will be the eventual crash of Venezuela. With its oil exportation, how does that change the landscape, which has stayed range-bound mostly between $42-54. If this squeezes prices higher, that could allow the consolidated space to break out – we’ve seen a band off lows of ~15%+ in the last month alone over OPEC’s decisions. Does this allow some of the beaten-down survivors to further rise – or is there still a wait?

Personally, I increased cash positions in each of my portfolios in lieu of an eventual downturn. Prior – I rode the second half of 2016 and start to 2017 to recuperate that slide at the start of  ’16. From my research, I’ll continue buying emerging markets, weight oil/energy and small caps. Biotechs and the larger cap stocks will be interesting to watch, along with how yields/interest rates turn as we look toward the final 2 quarters of 2017.

DISCLAIMER: These are just my current opinions and do not constitute any advice for any individual. Do your own diligence and form a conclusion thereafter.

Not Everyone Wants to Be a Star July 1, 2017

Posted by bluedevil32 in education, experience, questions, social, Uncategorized.
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This is a concept I’ve wrestled with for a while. The title in particular was a phrase I heard while listening to a segment on the Business XM channel. A gentleman called in and described how he changed from a Fortune 500 management position with org / processes focus to his own bakery and small business. It took him a long while before finally understanding he had to change his management model up for what he was in charge of, and he asked how his employees could be convinced to have further goals. In a moment of thought, the answer turned out to be that the employees had goals – it just wasn’t recognized by his [the owner’s] train of thought in what success was – they [employees] were content and had goals of improving and continuing to do their jobs as well as possible (whether it was a server or line chef, etc…).

Awareness is what this boils down to. Being aware is how we can empathize with one another, regardless of differences in opinions of success, goals or simple styles of work. Some want to rise to the top of their chain in their work – others may want to start a line of business totally unrelated, still others just want to be able to know they can go to work – finish – and come home to do things that they want to do thereafter. In talking with people, you can probably find out which of these types they are in a short conversation. Then, most people will judge, using themselves as the reference. Though it’s almost unavoidable, if more people were aware of this anchor, we can switch our empathy on and wonder – or better, ask – where someone may be looking to achieve.

How one speaks of their work can tell us a lot about them. What drives them to wake up and jump out of bed (or do they not want to)? Going back to the title of the post, I have friends who want to do nothing more than work their 35-40 hours and call it a week. I’m understanding more each week that it’s not their work that drives them – it’s everything else. I can breathe easier because I don’t feel pressured to ask them or push them about that aspect of their lives. And the relationships are better because of that. I believe that is a fascinating dynamic and am usually curious to learn more, but in general, we can do better to understand better spots to inquire further.

More people could use this to determine if friends, colleagues, coworkers or even bosses are stuck in their positions. When life is short but is spent so much time working, that becomes a key driver to how we enjoy ourselves.  And I believe everyone deserves to enjoy what they’re doing, or where they’re attempting to go.

Does anyone think differently here? Do conversations with friends over work annoy others? Is it more about one’s own anxiety that ends up reflecting on people you speak to? I’m curious. Let me know!


Father’s Day Reflection June 19, 2017

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Two years ago marked the start of the rest of my life where my father had been around for a minority of the time. My family was unlucky in that my father passed away unexpectedly of a major heart attack. I wanted to reflect on this today of all days because more and more often, I have to have an inner dialogue with myself hoping he’d respond. There are many things he could have taught me – constant reminders. I don’t mean for these to be strictly school-related, as I navigated that on my own fine. It is more about the massive learning curve one goes on an individual level when defining who they are, who you aspire to be, what defines success in your life. Some wait longer; some never even ask; others wonder at the end.

My aunt and uncle were in town last weekend and I had a long conversation with them. My uncle shared how much of an impact my father had on him in asking those same questions when they were younger, as our families were growing up. He had worked very hard providing for his family, often traveling for business and trying to spend all the time he had available thereafter with his family. It worked because he hadn’t particularly asked the question of what he wanted success to be and he was still doing what he thought was right to do. My father traveled minimally (bit more when I was very young), worked very hard, but a lot less hours. That provided him with the flexibility of being home for each dinner, play golf weekly and play basketball at least 3 times a week. All while providing for our family in a similar capacity. What drove him to that point, and how did he execute that transition? I listened intently to my uncle talk about the importance of his conversations with my father, as well as what he’s reiterated to my two cousins as reflections of the questions.

To avoid talking anyone’s ears off, I’ll try to connect this back to present. I believe the phrase is “single af” so I have merely thought of those primary questions in a goal-oriented manner – what to aspire toward. It seems that fewer people have goals in general and even less likely have long-term specific ones. More specific dreams allow for a reflection that can be adapted or changed, designed to figure a path out. Honestly, I think elementary or middle schools do better jobs of asking these questions than high school and college. They’re general but details get nailed down once more critical thinking skills are acquired.  Again, I’d say that the invites for thinking through these important life questions slow as they become ever more important.

I’m an advocate for asking and discussing the hard questions. What makes you drive forward?

To all the new and well-seasoned fathers alike, continuing teaching lessons, and Happy Father’s Day!

Education Adjustments May 19, 2017

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A quick preview: <blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”>American higher education: Pay us tens (sometimes hundreds) of thousands of dollars to recommend some books to you.</p>&mdash; Andy Bailey (@AndrewDBailey) <a href=”https://twitter.com/AndrewDBailey/status/865251606568345600″>May 18, 2017</a></blockquote>

And this is what everyone and their moms (and dads) get bogged down with during at minimum freshman year of high school, while some do that even earlier. That is the mindset of a higher percentage of Americans in this day and age. Awareness is an excellent thing – parents should be more aware of how the process works, certainly. I think I could have been better prepared for the magnitude of it all, but it’s also possible I benefited from a mom who was proud with whatever came up for me. The pressure from school, parents, counselors, private ‘education counselors’, and now all friends as well at an earlier age scares me. It’s misguided and has created an atmosphere that approaches more of a lose-lose / lose-win than a win-win. A specific college shouldn’t be the ‘ultimate goal’ of students. Dreams/aspirations past that point, where college MAY act as a useful stepping stone, is more ideal, in my opinion.

Over the last 10 years, college costs have increased dramatically, needlessly. Yet that is what gets pushed in the middle and secondary environments – better grades, more AP’s, all the excellence for test scores and extracurricular activities if you can help it. Screw off with your joys and passions, unless they align with those above. All to throw your applications (and more importantly, their fees) into a lottery to provide you another stressful decision set (or worse, put you into a bout of depression over not being accepted into those loftily-held institutions). I’m nearly stressing myself thinking about it.

And I see it on an almost daily basis. ~3-4 times a week and more over the last 5.5 years with a rising, successful tutoring company. The expansion of centers to more states, the materials that have been pushed out are incredibly useful for achieving all of the above – but it does just that – pushes students to the brink for academic standards. When, in my experience, a majority of the ones that have been lucky enough to easily get into the top institutions were athletically gifted or born as kin of high places. Harvard, Duke, Stanford, Berkeley, NYU, Yale,  UPenn, Princeton, etc… to name a few.

Work hard, do well and don’t have the athletics or parents to gift away – lottery-bound! Enjoy. And many do get into great schools, but it’s not certain. Even in the tri-valley / East Bay Area, where schools push academics so hard. Unfortunately, high school doesn’t allow the freedom to struggle or fail without hard consequences. Students avoid that at all costs – talk amongst themselves in group chats, memes, jokes and fun poked at those that did worse. Joy found in a group sorrow if a test is particularly hard – either perked up by a curve or succumb to the deterioration of the grades.

Then there is the homework – piled on with all of the classes, typically at home. Some students are fortunate – certain subjects require less effort to understand, but most have to work at it. That leaves minimal hours in the day, either clawing away at sleep or worse, depriving some of hobbies outside of class, which depresses me. Ask a student what they want to do if they could choose and they don’t have an answer. Just maybe what they’ll study in college. In a world where it’s easier to do almost anything in any particular field / industry, few students look past studies to what they want after. It’s a constant grind, of which I’m not envious.

I believe that students should have an opportunity to work or start a company or intern for some company or field that they wish – hopefully one that teaches them whether to pursue that industry in the future. Much of what I found in college was learning what I WASN’T passionate about, not so much of what I was passionate about. People change, but skills can be gained – focus on the companies/industries you wish to live around. Never before is that more true.

Bill Gates tweeted some advice recently – a few of which I’ll share my thoughts:

  1. “AI, Energy, and Biosciences are promising fields where you can make a huge impact. It’s what I would do if starting out today.”
    Analytics drives all 3 of these. Energy is the one that may have the most impact, but efficiency is a challenger here – for instance, battery’s have made great strides, but solar has made linear strides that haven’t made any economic sense in the present. Biosciences will explode with the technology developed in recent years and the information we’ll be able to see with hardware/software connections.
  2. “Looking back on when I left college… intelligence takes many forms. It is not one-dimensional. And not as important as I used to think.”
    I completely agree. Different levels and styles of intelligence – whether it’s focuses or broad knowledge. Experts in one field doesn’t make an expert in another. Be careful with ‘experts’ and what it takes to get that title. Do your due diligence and research but open-minded in conversations with others. Everybody – no matter their intelligence – can contribute to expanding/sharpening your mind.
  3. Then he had some world-impact tweets that described some of the “inequities” of the world. “You know more than I did when I was your age. You can start fighting inequity, whether down the street or around the world, sooner.”
  4. “Meanwhile, surround yourself with people who challenge you, teach you, and push you to be your best self.” Never truer words have been spoken. People mention having mentors, but we should really have mentors, people that we mentor and peers that challenge us. The combination to make each other better make the individuals better.
  5. He goes on about this being the most peaceful time in history. Progress can be made if you think the world is getting better, and you want to spread it.

If I had my way, I would love to start something for students that partnered some businesses that could use some admin-style / research analyst work but that were willing to take on a shadow for 4-8 weeks or something over summer. Give the students some money for working and helping out, but also provide them the opportunity to what positions above an intern role may entail in the industry. Is it exciting for them? Is it something that teaches them that that particular role isn’t a fit? I think those lessons, that early, would be invaluable.
If successful, a similar college program could be enacted for frosh / sophomores that were available during the year. Far too many do not get the work experience until after Junior or senior years. We can make that better!

Flawed Financial Decision? February 28, 2017

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This article has brought praise: SingleMomPaysRentforYearUsingTaxReturn. However, a basic understanding of future/present value is skipped in this story. I believe she’s choosing to be “responsible” in paying rent vs spending it on vacation or unnecessary items for her kids, but it also illustrates a lack of understanding for fundamental financial details (that should be MUCH more important to learn early on). Opportunity cost of losing the money for the year, or going into details of how she received so much for her return in the first place (lent FAR TOO MUCH money over the previous year).

About 5 years ago, there was a larger push in the financial services industry to bring an analyst/advisor to every high school to have “qualified” (debatable, but at least licensed) experts (this word is becoming annoying, as well) teach fundamental financial information to the future masses. I cannot attest to generations before me, but as far as my high school career went, CHEE (child, health, and something) and economics were the extent of in-school teaching. I was lucky enough to have a family that provided me an environment of numbers, games, and finances, as well as schools that pushed early for branching out. That doesn’t mean I have been without my own transgressions in a monetary realm, but can say that the high school classes didn’t scratch the surface of what I learned previously.

From students I talk to and teach in school now, I don’t believe the basic individual finances are taught, still. It could be a flawed forum in economics (as opportunity costs are discussed), and business courses go over concepts, but neither focus at an individual level. It needs to get better, and I’m not sure when anyone is or will be required to take these courses. I have friends out of MBA’s/Law School and Med Schools that never took courses on it. Luckily, for the curious and responsible ones, there is a wealth of information available now online, and as more people see larger and larger parts of networks, you hopefully become more comfortable to discuss them. For those that don’t, hopefully trial and error occurs earlier than later.
And people wonder how the debt continues to rack up…. That topic I’ll leave for another day. SingleMomPaysRentforYear

Who Cares for Lip Service? May 23, 2016

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There are hundreds of thousands of people that have good & great ideas.  Many of them work for someone else and don’t take action on those ideas. Some of the ones who have good ideas take them and try to build something. Not all succeed. The ones that do often had plans or people they could reach out to help them with a plan. Then they attempted/carried it out.  The ones that succeed often add value many times over.

Why is it different for elected office? Running for office should not simply be based on the platform of ideas you wish to change / better / create, but HOW candidates plan to put that in action. Actual plans. Business plan. Who is needed to help enact them / what is done / how to put it plan in motion / stakeholders / pros / cons. Sure, this would take time up front, but I believe that it could reduce the time to impact once someone was elected.

Let’s take an example. “Infrastructure must be improved” is a general positive thought and I don’t believe any candidates are against that. However, the latest research I’ve read said that of the funds designated as infrastructure-related, only 5% actually are used for ACTION in that frame. The rest is spent on funding boosters / change orders / unions (not exclusively).

Now, do I believe that a majority of voters would read through these plans? No, but of anyone that does, they would be better well-informed. And, debates or interviews could bring up the questions from people that did read through them and see holes or improvements or issues, to hopefully allow for a publicized process into the plans presented.

Until I see a candidate for ANY office lay something out like this, I’ll refrain from giving any vote of confidence or otherwise. Oh, and for any Bernie supporters that believe his site lays this out – it’s a step in the right direction, but not to the detail that elicits true action.

What do you think? Or is all of this just lip service?

Keep asking “what’s next?” May 9, 2016

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Been a while since I posted anything, but that’s not for lack of material. My mind has raced, and I’ve had a number of drafts that I saved and left to the side. They didn’t seem quite right.

A list of problems that cyclically affect everyone that could use (better) solutions – of which I am working on one.

  • Traffic: especially in the Bay Area, where there appears to be more and more cars on the road each day.
    • Hard fix: A friend of mine & I joke that Musk should simply work on infrastructure in the form of a “Tesla Road” that was built on top/above existing roadways. It would appear we are headed for autonomous cars as a larger percentage within the next 3-5 years. Infrastructure could create an environment that would entice a majority of people to switch to automated cars, eliminating the minor parts that cause the initial build-up of traffic.
    • Simple fix: release the brake #RTB. It appears that too many people love using a pedal – if it’s not the gas, it has to be the brake. So wrong! Japanese researchers recreating shockwave traffic jam – simply by a brief brake or slowdown. It appears that few people have been taught (or put into action) that speeding up briefly and braking behind a slower car simply doesn’t save any time, and causes time in traffic for everyone else with an application of their brakes. Selfish. People do this when switching lanes (brake and go) or exiting off ramps. Release the break and your brake pads, people behind you, and your foot will thank you.
  • Personal finance: Credit card debt, better investing, mortgages or even small business loans.
    • I have done work with a fintech company that attempts to create an effortless process to personal lending. Granted, effortless is subjective. Growth in the industry as a whole seems to stagnant, despite a plethora of companies that have jumped in, due to a combination of minimal profit margins (investors are prioritized) along with a lack in the creative sense to alter the public’s general understanding of WHY these companies are helpful.
    • The biggest example today of a failing company in the space is how hard Lending Club has been hit since its IPO, punctuated by the resignation/firing recently of their CEO and founder. Link to CEO resignation May 9
    • From what I gather, the industry as a whole needs to focus on the education for why someone/anyone SHOULD look into how debt restructuring can be a positive thing, but it takes time and pointed goals. As it stands, unless someone does their due diligence or had a friend talk about one of these companies, many just hope for the best and don’t want to spend the time to educate themselves.
    • With a potentially impending social security / pension shortage with the increases in health and aging, this education will be paramount in coming years. Additionally, when the US doesn’t seem to care about furthering the budget into the red, why should any of its citizens care? That scares me a bit more – the possibility of an event cratering the credit system due to rates/QE and a carelessness thought of ‘too big to fail’. Technology bubble in early 2000s was (mostly) limited to stock market and companies that were popping up. Housing crisis in 2008-2009 affected many more people, but ‘only’ threatened the system. A credit shock would threaten the global set-up.
  • Education: the way that high schools and universities push forward does not appear to be as efficient a major system that educates the masses should be
    • I was lucky and had a scholarship for tuition before I took a gap year my Junior year at UC Berkeley, so my family and I were spared that expense. Up until the start of 2016, I was paying the [small but not insignificant] loans off that I took out for housing / books / living expenses from my first 2 years at Cal, totaling a minuscule (comparatively) $12k. My senior year, I paid for my final 2 semesters and a summer of tuition and saw that they were between $4500 and $5000 each, right before the big hikes of the UC System. When there are more and more applicants each year applying to the awesome and improving UC’s, the regents still decided to increase tuition for undergrad nonresidents. For the whole story from last year’s Regents Last year’s undergrad resident tuition was a base of $11,220, plus whatever the total is now for student fees / taxes. That’s an increase of over 7% in the 4 years that I’ve been out, well surpassing that of inflation over the time frame. Eesh.
    • I’m torn and haven’t seen / heard, but I believe that universities should be set up more like a vocational-type, where students enter needing work credits for graduation, either working for a company aligned with their major or through a mentor of some sort. Yes, many students do this anyway, but I feel like where universities should give advantages to others would be in the way that this could be set up. If students have active work experience from the onset of their freshman year over a semester or summer, more people would know if they wanted to continue down that path or switch.
    • In a world that appears like we’re driving toward an automated approach for many things (if we can figure out how to do so), then many jobs will be expired at some point, maybe in this lifetime. Having the necessary work experience and knowledge of multiple fields may be beneficial in the long run.

Now, I was going to include another bullet about misinformation, but I can save that for another post. I plan on making this push in momentum to continue posting about how I may improve or reach out to figure out how to inform myself of progress in these areas. And I encourage everyone again, #ReleaseTheBrake

Fiduciary Standards – ’bout time April 8, 2016

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Well, it’s a start. The US has passed a law that is set to go into effect by, *drum roll, please!*, early-2018 for fiduciary (client’s best interest) standards for some 300,000 financial advisers who deal with retirement plans (401k’s, IRAs, Roths, etc…). So, come 2018, your adviser may now only legally act in your best interest and give objective advice on your options – you know, what lawyers and bank trust officers have had to do for decades.

Don’t hold your breath just yet, however. It seems that this will be fought, as appeals are thought to be in the works. Why would advisers want to act in your best interest if that doesn’t make them the most money?? Currently, advisers are only limited to giving advice on products/plans that fall into ‘appropriate age and risk-tolerance’.

So basically this means you cannot get straight sleazy sales – any adviser would have to produce all of the options and give an objective opinion on what would be the best – cost and plan-wise. How that will be determined is anyone’s guess since it’s their job to know all of the options. I do not expect someone that works and is an expert in their own field to also know about finances and everything that goes into them – which is all the more reason to make sure you vet the experience and practice of any adviser that you wish to go with.

The Time article that mentioned this article Fiduciary Standard approximated that it could save $17 billion for retirement investors. In a country that holds a dumb amount of debt in the form of student loans / credit card debt, this seems small (Trillions of debt vs billions saved), but it’s certainly not insignificant.

Something around 3-5% of people currently retired have more than $60k a year. I would hope that this action helps that poor statistic, and that in the near-future, with the amount of knowledge and technology available, that costs come down and everyone can either automate or receive the pointed help that they deserve.

Note: Licensed Life, Disability, LTC Insurance

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