Frequently I am asked: “Is financial advice worth it?” One way to look at the question is whether, in the end, you will have more money for having paid for such advice. If the guidance is worth a smaller amount than it costs, you will actually end up with less. Or, as my English … [Read more...]
What Are Stronger Negotiation Skills Worth?
I’ve been teaching people to strengthen their negotiation skills for over a quarter century. Becoming a better negotiator brings significant rewards in our modern lives. Negotiation really matters in the pursuit of better outcomes. It would be fair to ask, though, what … [Read more...]
The Financial Services Industry Benefits From Information Imbalance – You Don’t
For several decades, I’ve written, lectured, and consulted on the difficulties of getting good advice about personal finance. Among the problems is a pervasive imbalance of information. When one party to a transaction knows a great deal more about the subject than the other, … [Read more...]
To Find a Fiduciary, Look For a True Professional
There has been a lot of talk in Washington DC recently as to whether all financial advisors should be held to a “fiduciary duty” in their dealings with investors. From my point of view, it is hard to see what could possibly be controversial about insisting that those who guide … [Read more...]
Is There Really a Tax Loophole for Hedge Fund Managers?
Almost two years ago, I wrote a piece entitled “Do We Really Need A Special Tax Break for Hedge Fund Managers?” After briefly explaining how “carried interest” works, it argued that anyone less rich and powerful trying to pull of such a capital gains switcheroo would end up in … [Read more...]
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