NY Times: Article on FP's assessment of '08/09
Good article in the NY times. Lieber runs a panel at the Financial Planning Association and asks Financial Planners about '08/09.
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.
"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.
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