Myths and misunderstandings abound during a crisis, and the COVID-19 crisis has proven no different.
During this historic time in our lives, myths and misunderstandings also apply to personal finance industry. Vast numbers of news articles have been written about the recently enacted CARES Act and its implications on 401(k)s, student loans and rent payments, but many articles written also focus on how Americans should be managing their investments while the markets remain unsteady.
Even in times of relative calm, the average person often receives financial advice from social media, family members and friends about how the best steps to take to better manage money and investments. As a result, the takeaway from this type of advice often ends up in the (now virtual) offices of CFP® professionals, who are left with the task of educating their clients by deciphering fact from fiction.
To help CFP® professionals stay ahead of their client’s questions during this time of market uncertainty, CFP Board has asked its CFP Board Ambassadors some of the most prevalent personal finance myths and misunderstandings that rise during times of crisis.
Financial planners are investing in FinTech, or financial technologies, to stay on top of real-time data and the changing communication space. Dan was recently asked by Investor's Business Daily to contribute to an article on the topic.
Working with a financial planner is a relationship formed above and beyond investment performance. Dan contributed to the CFP Board's Let's Make a Plan blog to talk about how to evaluate one of the most important relationships you have
After a rough all-around 2018, equities of all kinds are enjoying a tremendous first quarter. Real estate, small cap stocks, international and emerging are all up over or around double digits. Fixed income has also been positive, with rates decreasing over the last 6 months and the Fed hitting the pause button on any future increases.