Asset Destruction

“I am so sorry.” These are the only four words that come to mind. I don’t know what else to say to an investor who’s been sold a load of garbage by a life insurance agent. I can no longer keep quiet as I witness this silent epidemic of bad incentives, high pressure sales tactics,…

This Week in Women

Nasdaq proposal would require greater diversity on company boards Under the proposal, the majority of companies will be required to have at least two diverse board directors: one woman and one person who identifies as either an underrepresented minority or LGBTQ. If a company cannot meet these requirements, it will not be delisted, but it will…

This Week in Women

Janet Yellen will lead Joe Biden’s Treasury. What does she stand for? No economist is more qualified than Ms Yellen, a former chair of the Federal Reserve and a respected academic, for the job. Perhaps more important, however, for what is a political role as much as an economic one, people from the progressive left…

A Time to Think

Somehow we’ve made it to Thanksgiving 2020. Just as I have for the past six years, I will be taking a four day break from the internet. No email, no Twitter, no Instagram, no Slack messages, nothing. I use this time to clear my head and to think. All of these internet distractions get in…

This Week in Women

Dolly Parton helped fund the Moderna Covid-19 vaccine Parton’s contribution to Vanderbilt University Medical Center was made in honor of her longtime friend, Dr. Naji Abumrad, who is a professor of surgery. ”[Abumrad] informed me that they were making some exciting advancements towards research of the coronavirus for a cure,” she wrote in an Instagram post in…

The Most Important Assumption

If I ask a group of 100 investors, “What is the most important assumption in a financial plan?”, I bet less than 10% would give the correct answer. Many believe it is the rate of return on investments. Others may say the withdrawal rate during retirement or the savings rate pre-retirement. All of these are…

This Week in Women

Marlins Hire Kim Ng as Baseball’s First Female General Manager “This challenge is one I don’t take lightly,” said Ng, 51. “When I got into this business, it seemed unlikely a woman would lead a Major League team, but I am dogged in the pursuit of my goals.” As news of Ng’s hire reverberated around…

The advice business is permanently changed

This is an op-ed that was originally published on CNBC here.  When the Covid-19 pandemic hit the U.S. in mid-March, there were three types of financial advisory firms: high-tech, low-tech late adopters and firms somewhere in between. The overnight shift to work-from-home was vastly different for each type. Low-tech firms transported printers and fax machines…

Oh Happy Day

I can’t get that gospel song out of my head today. We knew this day would come, we just didn’t know the timing. The global scientific community has been in a race to produce a COVID-19 vaccine all year, and Pfizer is the first to report good news. They may not be the last. We…

This Week in Women

Voters in Colorado and Oregon approved two major wins for working women In a win for working families, Colorado voters on Tuesday approved paid medical and family leave in the state, and voters in the Portland, Oregon, area approved universal preschool. Recruitment push fuels record number of women in House GOP Several races involving female…