If a person advises people on money matters long enough, they eventually hit a cross-roads. Many of them recognize that they’re not serving their clients as well as they could, and they’re faced with a dilemma: A. Continue to invest their clients’ money in inefficient investment products (actively managed mutual funds). Or B. Opt to …
Category Archive: Financial Advisors
Permanent link to this article: http://andrewhallam.com/2011/10/the-toughest-part-about-being-a-financial-advisor/
Mar
24
2011
Another Financial Advisor Doing The Right Thing
Long ago, before I started teaching, I flirted with the idea of working as a financial advisor. And I’ll admit, even after taking my first teaching job, I still considered it, from time to time. But the more I looked into it, the more I realized that I couldn’t do it. It didn’t have anything …
Permanent link to this article: http://andrewhallam.com/2011/03/another-financial-advisor-doing-the-right-thing/
Jan
31
2011
Is it easy to make a fortune as a financial advisor?
Daniel Solin suggests, in his book, The Smartest Investment Book You’ll Ever Read, that the average financial advisor/broker in the U.S. makes more money than the average primary care doctor. He puts the average compensation at $105,000 U.S. But is the scale of effectiveness as it relates to compensation inversely proportional? Most people who have …
Permanent link to this article: http://andrewhallam.com/2011/01/is-it-easy-to-make-a-fortune-as-a-financial-advisor/
Dec
02
2010
How To Select A Financial Advisor
Because we weren’t taught much about money in school, most of us run around naked as adults, before embracing the first person who hands us a towel to drape over our streaking bodies. It’s best not to go out in the buff in the first place. When looking for a financial planner, don’t be the …
Permanent link to this article: http://andrewhallam.com/2010/12/how-to-select-a-financial-advisor/
Oct
27
2010
Financial newsletters and empty promises
The best advice I could give someone getting into stock picking is to think for themselves, and avoid advertisements of financial ‘gurus’ who want to share the light—for a fee. When professors John Graham (University of Utah) and Campbell Harvey (Duke University) tracked more than 15,000 stock market newsletters from June 1980 to December 1992, …
Permanent link to this article: http://andrewhallam.com/2010/10/financial-newsletters-and-empty-promises/
Jan
23
2010
Falling Markets and Unmasking Jim Cramer
The U.S. and International markets have dropped, on average, roughly 5.5% over the past 5 days. …more info! The five day chart shows the emerging markets (EEM) accounting for countries like China, Brazil, India, Thailand, have dropped 6.5% in just 5 days. It also shows the U.S. market, having dropped nearly 5% and the …
Permanent link to this article: http://andrewhallam.com/2010/01/falling-markets-and-jnmasking-jim-cramer/
Oct
25
2009
Financial planning – Whom should you trust?
Rob Carrick, a finance writer for the Globe and Mail, doesn’t seem to favour using investment advisors. Is he right? I don’t really know for sure. But he answers some interesting questions here: Read the Article: Financial planning – Whom should you trust?
Permanent link to this article: http://andrewhallam.com/2009/10/financialplanning-whom-should-you-trust/
Aug
06
2009
Investment advisory services plunder individual retirement accounts
I’ve always been a fan of Scott Burns’ finance articles, and this one is no exception. He paints an ugly picture of financial service fees relative to investor’s returns, suggesting that fees are significantly higher today, than in the past, relative to the return that the average investor is getting from their financial products. As …
Permanent link to this article: http://andrewhallam.com/2009/08/investment-advisory-services-plundering-retirement-accounts/
Welcome to My Blog!
I'm Andrew Hallam. Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions!
I am also the author of the book, Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School
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May 17, 2012 (9:00) Why International Teaching Isn’t A Lucrative Gig Thanks Darryl, I do know a teaching couple at on ...
May 17, 2012 (7:26) MOAR Than Dogs of the Dow Hi Barry, Mike refers to the cheapest investable ...
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May 17, 2012 (6:21) MOAR Than Dogs of the Dow I was surprised that Greece was not in there? 40 ...
May 17, 2012 (3:12) MOAR Than Dogs of the Dow Hi Andrew, You mentioned that Michael's strategy ...
May 16, 2012 (6:44) Millionaire Teacher Guiding British Investors Yeah, for a better deal Nicholas, you may need to v ...
May 16, 2012 (6:32) "We’ve just been scammed by Friends Provident, so what now?" Hi Lisa, The historical returns of VT are irrele ...
May 16, 2012 (1:54) "We’ve just been scammed by Friends Provident, so what now?" Dear Andrew, Thank you for all your helpful advi ...
May 16, 2012 (9:40) Millionaire Teacher Spends $120,000 on Canadian Government Bonds Hi Jeff, I would continue to rebalance upon reti ...
May 16, 2012 (8:17) Millionaire Teacher Spends $120,000 on Canadian Government Bonds Thanks for the quick reply, I understand. Let's ...