This is an article/Interview with William Bernstein, my favorite financial author. Much of my investment philosophy is derived from reading Bernstein. I think you will find this article very different than others who purport to "manage money".
Smartmoney.com: The Pro Shop: Monkey Business
Scott Dauenhauer, CFP, MSFP
Tuesday, September 27, 2005
Why We're Outgrowing Retirement
An interesting point of view from a popular futurist. I haven't read his book, but the history in this column about retirement is worth your investment of time.
Why We're Outgrowing Retirement: Reinventing Retirement - Yahoo! Finance
Scott Dauenhauer, CFP, MSFP
Why We're Outgrowing Retirement: Reinventing Retirement - Yahoo! Finance
Scott Dauenhauer, CFP, MSFP
Move Over U.S.A.: The Future for Investors
Jeremy Siegal has begun writing a column for Yahoo: Finance, I will be including his columns on my blog and in my newsletters (links) as I believe he is well spoken and smarter than I am. I don't totally agree with some of his recommendations investment wise, but we aren't that far off. I have read his new book The Future For Investors and it is well worth reading, even for those who hate books about finance/economics. I encourage you to read his columns, they are very enlightening.
Move Over U.S.A.: The Future for Investors - Yahoo! Finance
Scott Dauenhauer, CFP, MSFP
Move Over U.S.A.: The Future for Investors - Yahoo! Finance
Scott Dauenhauer, CFP, MSFP
The Meridian RSS Feeds
For those of you who are users of RSS feeds, The Meridian Blog is now available for users of the My Yahoo services. My Yahoo is a free service and if you subscribe to it you can click on the button on the left side of this page title "My Yahoo" and all my blogs will automatically appear on Your Yahoo personalized page. For those of you who have other RSS readers please let me know what they are and I'll try to get the feeds into them.
Yet another unique service of Meridian Wealth Management. For those of you who don't know what RSS feeds are, don't worry, just type Really Simple Syndication into Yahoo or Google. Or just sign up to use My Yahoo at www.yahoo.com.
Scott Dauenhauer, CFP, MSFP
Yet another unique service of Meridian Wealth Management. For those of you who don't know what RSS feeds are, don't worry, just type Really Simple Syndication into Yahoo or Google. Or just sign up to use My Yahoo at www.yahoo.com.
Scott Dauenhauer, CFP, MSFP
The autopilot Myth: Pilots Have Value
How many people really pay much attention to the pilots of our aircrafts? For the most part we think they are just locked into the cockpit with the plane on autopilot, they don't actually do much work (Pilot Clients, keep reading before firing me!). In reality they are doing a lot more than we think (have you ever seen all the flips and switches inside a cockpit?), they are there before and after take-off inspecting the plane, they have a series of pre-takeoff and post-landing check lists that they go through to ensure the safety of everyone on board - none of us notice this though.
What we pay attention to is how fast we can get on board, how much leg room our seat have, are we able to store our five carry-ons, and whether we take off and land on time. It's not until a situation like what happened with JetBlue airlines this week that we realize the value of compentent, experienced, FULL TIME pilots. Imagine if that plane was just set to autopilot and no pilots where in the cockpit, everybody would have died, no computer in the world could have pulled off that landing and kept the passengers as calm as the heroic pilots did. Or imagine that the pilot didn't have the experience. Doesn't it give you peace of mind to know that there is somebody there in case of emergency who can guide you through it, isn't there value in the all the little things the pilot does that nobody sees?
While I cannot in good conscience compare myself to that heroic pilot, or any pilot for that matter I do believe their is a corollary to what I do for my clients. In a sense I am your financial pilot, keeping you from veering off course and in emergency situations keeping you calm and safe. This doesn't mean we won't experience bumps along the ways (portfolio fluctuation) or occasionaly have tough landings (negative returns), but there is value 100% of the time, even if you can only see if it 1, 2, or 3% of the time. I would like to invite you to review all the procedures I go through when working with my clients, the value justification can be viewed by clicking here.
Thank you for flying Meridian Airways.......Ok, perhaps not the best analogy with all the airline bankruptcies......not all analogies can be perfect!
Scott Dauenhauer, CFP, MSFP
What we pay attention to is how fast we can get on board, how much leg room our seat have, are we able to store our five carry-ons, and whether we take off and land on time. It's not until a situation like what happened with JetBlue airlines this week that we realize the value of compentent, experienced, FULL TIME pilots. Imagine if that plane was just set to autopilot and no pilots where in the cockpit, everybody would have died, no computer in the world could have pulled off that landing and kept the passengers as calm as the heroic pilots did. Or imagine that the pilot didn't have the experience. Doesn't it give you peace of mind to know that there is somebody there in case of emergency who can guide you through it, isn't there value in the all the little things the pilot does that nobody sees?
While I cannot in good conscience compare myself to that heroic pilot, or any pilot for that matter I do believe their is a corollary to what I do for my clients. In a sense I am your financial pilot, keeping you from veering off course and in emergency situations keeping you calm and safe. This doesn't mean we won't experience bumps along the ways (portfolio fluctuation) or occasionaly have tough landings (negative returns), but there is value 100% of the time, even if you can only see if it 1, 2, or 3% of the time. I would like to invite you to review all the procedures I go through when working with my clients, the value justification can be viewed by clicking here.
Thank you for flying Meridian Airways.......Ok, perhaps not the best analogy with all the airline bankruptcies......not all analogies can be perfect!
Scott Dauenhauer, CFP, MSFP
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