NY Times: Article on FP's assessment of '08/09

[walkinwood]

Good article in the NY times. Lieber runs a panel at the Financial Planning Association and asks Financial Planners about '08/09.

http://www.nytimes.com/2009/10/17/your-money/financial-planners/17money.html

Main points made:
a) Even if we knew it was coming, we wouldn't know when.
b) Asset allocation isn't meant to protect in the short term
c) Control what you can - savings/spending, taxes
d) Don't make irreversible decisions - like quitting your job too soon.
e) Theft by Financial Advisors is always a danger. Keep close tabs on things.

I hope you enjoy the article.

 

[tuixiu]

"Control what you can" words to live by.

At work the one thing that drives me nuts in projects is that which I (or my team) cannot overcome thru effort/smarts/money. I hate committing to a timeframe with it, I hate budgeting around it, and I hate thinking everything will come together as long as team x can get x done.

Okay, slightly off topic rant done.