Before we can give appropriate investment advice, we work with our clients to construct a comprehensive Investment Policy Statement (IPS). Creating an Investment Policy Statement (FPA Press), by Norm Boone and Linda Lubitz Boone, spells out the purpose and benefits of using an Investment Policy Statement: Identifies specific client objectives, risk tolerance, and time horizon. [...]
Tag Archives: Investments
Forecasting: Interest Rates and Market Changes
The function of economic forecasting is to make astrology look respectable. – John Kenneth Galbraith I’ve been in the forecasting business for 50 years, and I’m no better than I ever was, and nobody else is either. – Alan Greenspan And the cost of reacting to forecasts, stock market promoters and other financial [...]
Two-Thirds Don’t Have a Financial Plan
Despite increasing pressure to slash debt and rebuild retirement funds, nearly two-thirds of consumers do not have a written financial plan, according to the 2009 National Consumer Survey on Personal Finance. The survey, released today by the Certified Financial Planner Board of Standards, found that 64% of respondents do not have a written financial plan [...]
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