Following below are several brief excerpts from the book, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, by Erik Brynjolfsson and Andrew McAfee, professors at the MIT Sloan School of Management. In this book the professors discuss some of the significant benefits and challenges associated with the advent of artificial intelligence. I will insert… Read more →
Today’s quiz, longevity insurance, three books and the new website.
Today’s quiz has to do with asset category returns. The first decision an investor must make is choosing what to invest in. Stocks? Bonds? Real estate? Gold? Futures contracts? Persian rugs? Pork bellies? Several large studies have found that the investor’s answer to the question of which asset category, or categories to invest in is of major importance, likely the most… Read more →
A bit about the second quarter, 2014.
Preliminary second quarter asset management reports for clients of Financial Planning Associates, Inc. have been posted to your secure web folders. Since we have recently changed our reporting formats it is possible that some of you may have questions, or comments. If so, please give us a call or send an email. As is always the case, we will replace… Read more →
Cash flow planning is critical to financial success.
After all, most of us do not inherit wealth, so, if we are going to gain it, we must build it. And for most of us, the opportunity to build wealth exists, over time, as we turn our ability to earn an income into cash flow from which we “capture” financial assets. We capture financial assets by spending less than… Read more →
The Financial Planning Process is… a process.
It is not a product, not a package solution, but a process. A process which can lead to the accomplishment of financial and life goals. At its core is the idea that you should begin by determining what is important to you. You will be in a position to make the best use of your assets only after you have come to… Read more →