"Having served as a financial advisor, I can tell you this: Most people have no idea what money is for. They have a couple of fears about key moments in life where they might not have enough of it, but that's a different thing. What is it for?
So writes SA contributor Jim Sloan in a thoughtful article that explores the meaning of money through the prism of a mid-life divorce, a gradual hard-won comeback in his personal life and finances, and via the friends and relatives who continue to seek his financial advice. Makes for good weekend reading, and until next week, here are some additional items of interest for advisors:
- What are the implications if boom-bust cycles are decreasing in frequency but increasing in amplitude?
- This advisor thinks low rates are insufficient to prop up a no-sales, no-profits economy.
- What Ray Dalio's strategies may teach us about long-term investing.
- Hedge fund manager offers political and market analysis of the election campaign.
- Superb retirement advice - in eight words - via Michael Kitces.