Thanks to Mark Huffman for featuring me in his article Inflation increased at annual rate of 8.6% in May on Consumers Affairs.
Presumptions Taxes are no longer just a way for governments to pay for projects and nations to create assets.
5,000 years ago in China merchants used to carry portions of each others cargo in their ships to reduce the financial consequences of piracy.
the 4% ruleDollar Cost Averaging – A Sales Tool Created by a Mathematical Sleight of Handit’s always better value to buy permanent insurancethat a financial plans efficiency is the metric one should optimize forThat you need life insurance & there is a formula for calculating the ‘correct’ amountThe past returns are not an indicator of future performance but they will be 90% of our material & conversation paradoxThat history predicts the future & worst case scenariosThat anyone can pick the winning horse
Begin by protecting what you most need and value:Define your “ruin.”Identify risk of ruin factors.Utilize reasonable risk containment measures.Through appropriate risk transfer planning, reduce risk of ruin to as near 0 as possible.
There is a saying among pilots and aviation enthusiasts: “Every takeoff is optional, every landing is mandatory.” Financial planning is no different.