The Investor's Fatal Flaw
Posted by Nathan Beauvais, CFP® on Tue, 10/15/2019 - 12:10
It can be difficult to jettison emotion when it comes to investing. History is littered with poor financial decision making as a result of forgetting that emotion is the foe of the long term investor.
What Makes a "Professional"?
Posted by Nathan Beauvais, CFP® on Mon, 09/23/2019 - 16:40
When it comes to the management of your money, many would agree that this responsibility should be placed in the hands of a professional. However, the prerequisite to become a financial advisor is passing a licensing test, with no formal higher education required. Can all financial advisors, therefore, be considered "professionals"?
How Pragmatism Guides Financial Planning
Posted by Nathan Beauvais, CFP® on Tue, 09/03/2019 - 15:21
Pragmatism is a school of philosophy that examines truth through utility. For example, how useful a belief is to you may be more important than whether or not the belief is in fact true. Financial models can be viewed in a similar way: how useful is your financial plan?
Must-Read Finance Books
Posted by Nathan Beauvais, CFP® on Wed, 08/14/2019 - 10:47
It is easy to become nearsighted in the world of finance and economics, especially with so much information flowing through the 24 hour news cycle. I look to books to maintain perspective on our industry, and in this latest blog post I wanted to share some titles that I believe we could all benefit from taking in.
The Argument for Gold
Posted by Nathan Beauvais, CFP® on Mon, 07/22/2019 - 10:49
Over the years there have been calls for the US to return to a gold standard. But how realistic is this, and what were ther easons we abandoned it in the first place?
Posted by Nathan Beauvais, CFP® on Mon, 07/08/2019 - 16:22
How much credit should a president get for a good economy? How much blame for a bad one? Contemporaries remain divided on this issue. We explore some key moments in our economic history, and the men that brought us through them.
Posted by Nathan Beauvais, CFP® on Tue, 06/25/2019 - 14:44
One of the most important pieces of legislation passed in the last one-hundred years was the Banking Act of 1933. While there were many issues the bill addressed, one component effectively ended bank runs in the US.
One Nation Under Regulation
Posted by Nathan Beauvais, CFP® on Wed, 06/12/2019 - 10:16
Regulation in a free market is like pulling weeds out of a garden; not enough and the garden becomes overgrown, too much and you start to pull the out the good plants with the bad ones.
What the Heck is an Emerging Market Anyway?
Posted by Nathan Beauvais, CFP® on Wed, 05/15/2019 - 14:50
While the investment returns associated with emerging markets can be attractive, it is important to understand the risk levels that come along with them. A brief history lesson can help explain the risk/reward relationship of this volatile asset class.
Is the Income Tax Unconstitutional?
Posted by Nathan Beauvais, CFP® on Wed, 04/24/2019 - 14:27
The US was one of the last developed nations to adopt a personal income tax. The reason lies in the US Constitution, and as always, the devil is in the details.