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‘Prove Me Wrong.’ I Think Investing in CDs Is a Better Deal Than Working With an Advisor
Ask an Advisor: ‘Prove Me Wrong.’ I Think Investing in CDs Is a Better Deal Than Working With an Advisor Why hire a financial advisor who will take around 1{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} percent of your assets per year when you can get a certificate of deposit (CD) at over 5{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} with no fee? That alone amounts to a 6{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} return on your money. One can get a brokerage CD for two years at 5.5{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}, and with no fee, the return is 6.5{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}. I will take that any day instead of worrying about what the market is doing and can sleep at night. That’s especially true as a retired person who is not…
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3 things most people get wrong about estate planning, advisor says
In the wake of the pandemic, there’s one topic that’s suddenly a lot less taboo, according to Lee Baker, a certified financial planner based in Atlanta. “We get more calls around estate planning,” said Baker, founder, owner and president of Apex Financial Services and a member of CNBC’s Advisor Council. “The last 36 months shifted the mindset,” he explained. “A lot of people have taken this opportunity to reassess.” However, there are three things families are often initially wrong about, Baker said. They believe “it’s a daunting undertaking, it’s only for rich people and it costs a ton,” he said. “None of those are necessarily true.” More from Ask an Advisor…
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To be a better financial advisor, be a little less wrong tomorrow
At the peak of the pandemic, I was listening to Pema Chödrön’s audio ebook, When Points Fall Apart. I try to remember getting psychological when Pema claimed, “We’ve attempted a thousand instances to tie up all the free ends, and nevertheless the floor is continue to shifting beneath our feet.” It stood out vividly mainly because I experienced designed a thousand spreadsheets for my lifestyle and my family, and none of them expected what I was living as a result of at that moment. Carl Richards is the main manufacturer officer at advisor computer software firm Elements and the writer of the former “Sketch Dude” column in The New York…
