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Wednesday, 23 December 2015
Tuesday, 22 December 2015
How big should a client's emergency fund be?
Most personal finance advisers or wealth planners agree that emergency savings are a critical component of financial wellness. However, despite the importance of savings to financial health, there is no commonly accepted methodology to determine how much an individual or family might need in case of an emergency.
For years, clients have been advised to have 3-6 months' worth of spending saved in an emergency fund. The problem with this approach is that it really does not get into the personalization necessary to figure out how much a client...
Sunday, 13 December 2015
Wednesday, 2 December 2015
Tuesday, 1 December 2015
Monday, 30 November 2015
Sunday, 29 November 2015
Size matters...!!
Sometimes it helps to employ unconventional perspectives when thinking about the size of things.So here's a pretty awesome map from Bank of America Merrill Lynch comparing major US companies to entire emerging market stock indices.
The big message here is that some US companies are worth roughly the same as entire emerging markets' stock markets. Conversely, this also shows how small other countries' markets are relative to the US'.
This...
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