PS. Why?

Why do I blog about the stuff that I do? Why don’t I blog about specific stocks or about averages that everyone else is doing?

For one, all those details don’t really matter believe it or not! What one specific company does or doesn’t do won’t effect you unless you have an unusually large exposure to it to begin with.

If “it” matters … then you have increased risk exposure because it matters… whatever “it” is.

Notice that most of the current events that occur don’t matter much to your portfolio or your daily lives. Specific events that occur specifically to you are the events that do matter. Specific stocks or products don’t matter when it comes to managing your financial capital, or wealth, for the rest of your life. Stocks and products will come and go. What matters is how to manage and measure progress towards your wealth accumulation and use.

Although averages about other people and where you might fit within those averages is interesting, most people are not doing enough … thus the averages understate where you should be! Nope … it’s better to design a metric that is specific to you so that you can evaluate yourself against a metric that does matter.

What I blog about … I’m trying to blog about those things that do matter when it comes to how your portfolio may support what you want it to pay for. My job is to help you pay for what matters to you. That means saving for what matters before what matters to you comes along …. so you have the funds to pay for what matters when what matters has finally arrived.

About Larry Frank, Sr.

Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

, , ,

One Response to PS. Why?

  1. Larry Frank, Sr. April 11, 2012 at 8:49 pm #

    I’m currently reading “The Paradox of Choice” by Barry Schwartz.

    Quoting him on page 4: “…that we make the most of our freedoms by learning to make good choices about the things that matter, while at the same time unburdening ourselves from too much concern about the things that don’t.”

    on page 5: “We would be better off if we paid less attention to what others around us are doing.”

    Both of these points address my main points above and extend into many other areas of our lives as well beyond the financial planning application I made above prior to picking up this book.

    Book link: http://www.amazon.com/The-Paradox-Choice-More-Less/dp/0060005696/ref=sr_1_1?s=books&ie=UTF8&qid=1334202071&sr=1-1

    Video link: http://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice.html

Leave a Reply

Are you human? Click the Grapes...