AdviceIQ Articles

  • You Had a Baby. Now What?

    Becoming a parent is a wonderfully emotional event. But never lose sight of this: In addition to love and care, you need to provide your new offspring with legal and financial support if you die.

    We brought our first-born child home from the hospital on a blustery February day. Carrying our son upstairs, we placed him in the middle of the master bedroom bed. My wife and I stared with fascination at our wide-eyed and totally helpless little human being. The same thought struck us both. Now what? Ahhh ... we’ll take pictures!

  • Buy and Hold, or Trade?

    Some investors regularly trade their holdings; some invest and leave their portfolios alone. How much to tinker after you build a portfolio is an age-old question. The answer: Find a balance between the two strategies.

  • The Do-It-Yourself Mistake

    We all like to think we’re smart and self-sufficient. A lot of folks believe they can manage their financial lives by themselves. These do-it-yourselfers are woefully wrong.

    AdviceIQ is about giving the world the wisdom of smart, honest (none can have any regulatory infractions) advisors. Are we blindly pro-advisor? No, we are clear-eyed about being pro-good advisor. Everyone, even the financial cognoscenti, should have such a helper to sort out life’s perplexities.

  • Umbrella Liability Not for All

    Why doesn’t anyone ever tell you not to buy an umbrella liability policy? It seems like additional overall security for pennies. You can waste even pennies paying for something you don’t need or already have – especially in the tricky world of insurance. Let’s run some numbers and see if this kind of policy protects you.

  • How Much Risk Can You Stand?

    How do you figure out your appetite for risk? It has two components: financial and emotional. How you allocate your assets and your ability to stick with the plan during bad times are equally important.

    Unfortunately, the standard questionnaire that some investment professionals use may not capture how you deal with risk. The questionnaire sometimes combines different aspect of the risk profile that should be assessed separately. Words such as “capacity” and “tolerance” are often used interchangeably when they mean very different things.  

  • Market Untied to Reality

    Wall Street always lived in its own universe, but that’s getting worse. The disconnect between reality and price is wider than ever.

  • Planners’ Red Flag Remarks

    If your financial planner cops a cocky attitude and parades a know-it-all ego, you should look for a new planner. Here are five planner comments you should beware of.

    “I’m the expert so just trust me.” We in the financial industry suffer a lot of bad press. Financial planners already scrape the bottom in polls of professionals the public trusts. Yet many planners think that because you chose them you should blindly trust them. They must earn your trust.

  • Know Mortgages’ Numbers

    Buying a home is life’s biggest financial investment for most people. Because of the size of the commitment, most buyers need a home loan and must choose a mortgage with unusual care. Here’s what to look for.

  • Are College Costs Dropping?

    Tuition and other college expenses threaten to dislodge even home prices as the single biggest expense in many lives. Can anything stop tuition from going up and up? Here’s one example of higher education reining in families’ costs.

  • The Joys and Pitfalls of Travel

    Travel. It’s work, but with planning and creativity, highly rewarding. Here is what to look for – and look out for.

    My recent journey to Alaska illustrates the risks and rewards of wayfaring.


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