Advice for those starting their first jobs

Many of my clients want me to have a chat with their children before they start their first jobs. I begin the conversation by telling the new graduates that rather than lecturing them, I simply want to share my own “wish I had done that” experiences, hoping that they will benefit from them. Following are my words of advice.

Start saving early, often

“My wealth has come from a combination of living in America, some lucky genes and compound interest,” Warren Buffett once said.

What does it take to be happy in retirement?

It goes without saying that eliminating worries about money is a key component of retirement peace of mind.

But beyond finances, I frequently encounter new retirees who are having difficulty making the transition from living at the office to spending the same amount of time at home.

Subprime automobile loans reach new highs

Most of us remember the billions of dollars of poorly vetted mortgage-backed securities that helped destroy Lehman Brothers and numerous banks – not to mention the world economy – in 2008. This time it’s auto-loan-backed securities that are setting records.

What future investment returns should you expect?

John Bogle, founder of The Vanguard Group, said in an interview with Bloomberg Radio last year that he expects stock and bond returns to be significantly lower than they have been throughout his 87-year lifetime.

How to select the right financial adviser

There is a notion that financial advisory services are only for the super-rich or the financially illiterate. That could not be further from the truth.

Even the most successful athletes have coaches. Why? A good coach will help them stay the course during tough times and guide them through logical and reasoned decisions. An ethical and competent financial adviser can bring similar value.

ETNs are not the same as ETFs


Exchange-traded funds (ETFs) have become wildly popular over the past decade or so, with current growth eclipsing that of more traditional mutual funds. Therefore, it is important not to confuse them with similarly named exchange-traded notes (ETNs). They are more different than similar, so it is important to understand both of them before making an investment decision in either.

Here’s a quick primer on ETFs: Like traditional mutual funds, an ETF represents a basket of assets such as stocks or bonds. Unlike a mutual fund, investors cannot buy ETF shares directly from an investment company. Instead, they buy them from other investors, just as with stocks. That has two implications:

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