Money Clinic: Why You Need Holistic Planning

Holistic financial planning is the process of pursuing your life goals through the proper management of your resources. Holistic financial planning provides direction and meaning to your life. It allows you to focus on what is important. I say it all the time: “At retirement, your investment portfolio must produce income that rises in proportion […]
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Money Clinic: Should You Hedge Your Investments?

When you hedge your investments, you make a counterbalancing investment to offset the risk in another investment. You can also include a hedge to help reduce the risk in a long-term portfolio. While the Standard & Poor’s 500 index continues its bullish ways, markets can’t go up forever, and even a modest correction may be […]
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Money Clinic: One Size Does Not Fit All

I’ve mentioned many times that financial literacy is one of the most crucial factors in becoming wealthy. Unfortunately, most of the education we receive about money comes from financial salespeople trying to sell us products. Almost as dangerous are the media charlatans that are making large sums of money by dumping one-size-fits-all recommendations to the […]
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