If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets you have landed at the right spot. I am a fee only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Monday, December 31, 2012
This has also been hammered home on numerous occassions here. In fact, it is one of the key reasons for going the low-cost, indexed fund approach. Whether you do your own investing, choose funds from a list of 401(k) offerings, or hire an investment manager, paying explicit attention to investment management costs is important.
It is fitting, therefore, to end 2012 with an interview video from WealthTrack "Controlling Investment Costs" found at Biz of Life. The video features Charles Ellis and Mark Cortazzo.
My position is that many investors can minimize costs by doing the investing themselves. Alternatively, today they can find low-cost advisors.
This is not to say that the area of personal finance should be completely low cost. Depending on your situation, you may want to pay up for a really good financial plan and/or an estate attorney. Paying up in these areas can definitely be worth it. In fact, a good financial plan sometimes pays for itself. But these are areas to be expounded on in 2013.
I hope 2012 has been prosperous for you and your family and 2013 is as well.
HAPPY NEW YEAR!!!!!!!!