FVIM's Insights

News and information about preserving your life savings

What's Your Favorite Collection?

​ A collection. What comes to your mind? Maybe it's those silver coins you inherited from Grandpa, a book of vintage stamps, or that Mickey Mantle or Hank Aaron rookie baseball card. Whatever it may be, you most likely have a collection of value – sentimental, financial or both. Then there are those other collections. The kind that clutter, detract...
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933 Hits

Investing Can Be a Real Beach Ball

While my family and I have been enjoying our summer, I’ve been inspired by some of the ways our outdoor activities remind me of investing. Then again, given my profession, there’s not much that doesn’t remind me of investing. For example, check out this beach ball we purchased. The first six words are in English, with the rest no doubt saying the same thing in a litany of languages: “WARNING! USE ONLY UNDER COMPETENT SUPERVISION.” Legal fine print has found its way into our summertime fun time… with about as much impact as it has anywhere else. It’s not that the...
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923 Hits

Good Decisions Call for Good Advice

Let’s play make-believe. Imagine you’re in charge of a major metropolitan city. You’ve been informed that a Category 5 hurricane is building offshore. If it grows and comes your way, it could devastate everything. However, forecasters are projecting low odds that this worst-case scenario will actually happen – only about 5 percent. Do you evacuate anyway? Moving a half-million people is dangerous in itself, and everyone will blame you if it’s for nothing. But what if that 5 percent risk is realized? Thankfully, few of us are ever required to make such momentous calls. But you probably do make difficult financial...
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1448 Hits

Fiduciary Musings

It’s about time our regulatory agencies started taking my advice. For years, I’ve been beating a steady drumbeat about why investors should insist on fiduciary standards of care from their financial advisors, so I was heartened by the recent Department of Labor (DOL) fiduciary rule , which has at least pounded a few more nails into the coffin of conflicted advice. Could it be that Labor Secretary Thomas Perez has been reading my blog? Okay, probably not, but it makes for a nice musing. With the DOL ruling, anyone offering you advice about your retirement assets should be doing so with...
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1768 Hits