http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/ Sun, 12 Feb 2012 13:19:34 +0000 hourly 1 http://wordpress.com/ http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/comment-page-1/#comment-3985 Thu, 28 Sep 2006 04:43:41 +0000 http://vivianpaige.wordpress.com/2006/09/27/ford-workers-watch-out-for-the-vultures/#comment-3985 Two words : indexed ETFs

]]> http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/comment-page-1/#comment-3983 Thu, 28 Sep 2006 04:15:58 +0000 http://vivianpaige.wordpress.com/2006/09/27/ford-workers-watch-out-for-the-vultures/#comment-3983 Real simple but it took you quite a few words to explain it
It is not true that all financial advisors are unregulated. Securities dealers have licensing requirements, and are quite regulated. Even so, there are unscrupulous folks with the proper licensing that will do whatever it takes to separate you from your money. That is why the selection is so important.
Good financial advice would not be simply to split your money into 3 pots. That may end up being a result, but there are many other possible results. Longevity is just one of the many factors to look at.
I don’t recommend “do-it-yourself” financial planning any more than I recommend “do-it-yourself” surgery. There is a reason why specialists exist in every field. DIY financial planning is often a case of being penny wise and pound foolish.
Oh – and I’m not a financial planner, either.

]]> http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/comment-page-1/#comment-3978 Thu, 28 Sep 2006 02:49:26 +0000 http://vivianpaige.wordpress.com/2006/09/27/ford-workers-watch-out-for-the-vultures/#comment-3978 Yeah, you have to take longevity into account, no doubt. ETFs and index funds are the answer for anybody that doesn’t know anything about finance. Opening an account at Schwab or E-Trade is simple. You do have to allocate between bonds domestic stocks and international stocks, but that’s figure outable. But you can buy 3 ETFs and just re-allocate between these assests once a year or so. Annual transcation and account maintenance costs should be less than $100 (your broker will hate you). “Financial Advisors” are basicly unregulated and finding a good one is hard. If you don’t know, just put 33% in each of US domestic index S&P or total market index ETF, 33% in foreign broad market stock index ETF, and 33% in Lehman Brothers bond indexed ETF. Real simple. If you’re older, put a little more into bonds.

]]> http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/comment-page-1/#comment-3974 Thu, 28 Sep 2006 01:44:23 +0000 http://vivianpaige.wordpress.com/2006/09/27/ford-workers-watch-out-for-the-vultures/#comment-3974 Um, that may work for you but there really is no such thing as “one size fits all” financial planning.

]]> http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/comment-page-1/#comment-3972 Thu, 28 Sep 2006 00:55:29 +0000 http://vivianpaige.wordpress.com/2006/09/27/ford-workers-watch-out-for-the-vultures/#comment-3972 Just go to Schwab. Buy and S&P ETF or maybe an ETF bond fund and forget about.

]]> http://blog.vivianpaige.com/2006/09/27/ford-workers-watch-out-for-the-vultures/comment-page-1/#comment-3962 Wed, 27 Sep 2006 21:03:39 +0000 http://vivianpaige.wordpress.com/2006/09/27/ford-workers-watch-out-for-the-vultures/#comment-3962 Good advice Vivian, I hope there are people that read and follow it.

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