Actively managed vs. indexed mutual fund...

I’ve just finished listening to a webinar session led by Rick Ferri, who offers low cost passive investment management at his firm, Portfolio Solutions (www.PortfolioSolutions.com).  Rick has been at nearly every Garrett Planning Network retreat that I’ve attended, and I’m always impressed with his passion and knowledge about investments. This particular webinar is titled “The Death of ‘Buy & Hold’ Has Been Greatly Exaggerated”.  Rick summarized the findings in his most recent book, “The Power of Passive Investing”.  Rick talked about 2...

New Year’s Resolutions

While you’re contemplating your New Year’s Resolutions for 2011, I hope you can identify something simple that might improve each area of your life, including the financial/money area.  Here are some quick things to do on the financial side that can make a difference: 1)      Review your spending plan:  Are you on track with your spending plan?  Do you have one?  If you think you’d benefit from using a spending plan (and most people would), don’t get stuck on the idea that you need to go BACK in time. Start tracking your actual spending in January and...