Continuing our series for the 2011 FPA NorCal regional conference, here are the highlights from Day 2, as broadcast from the incredibly active Twitter stream on the #FPANorCal hashtag!
Day 2 of the 2011 FPA NorCal regional conference featured a keynote session by Michael Lewis, author of "The Big Short" to share his perspective on Wall Street and the recent financial crisis. Here are the highlights... as captured on the #FPANorCal twitter hashtag!
The FPA NorCal regional conference ran as it usually does, on the Tuesday/Wednesday following Memorial Day weekend at the Palace Hotel in San Francisco. Pulling over 600 attendees from across the country, the event is on par with any national conference in the financial planning space. Here are the highlights from Day 1, as broadcast from the incredibly active Twitter stream on the #FPANorCal hashtag!Read More...
This past week featured the 2011 FPA NorCal regional conference. Pulling over 600 attendees, don't let the "regional" label fool you - the event is on par with any national financial planning conference! The opening general session event featured Neel Kashkari, currently a managing director with PIMCO, and former chief of the Trouble Asset Relief Program (TARP) for the Federal government. Here are the highlights... as captured on the #FPANorCal twitter hashtag!Read More...
As the cost of college continues to rise, and more and more students graduate in debt, and then try to enter a difficult job market, many have begun to question: is college actually worth the price?
The basic formulation is pretty straightforward: by going to college, you spend 4(+?) years not in the labor force, and spend money outright on the cost of college itself; in return, you have a higher employment income for all the years that follow college until you retire, which in theory can make up the college tuition outflows plus the years of foregone earnings.
However, as college gets more expensive, and the "bonus" to future salary for having a college education doesn't seem to be what it once was (especially for many liberal arts degrees), it's getting harder to make the case that college is still worth it.
There's just one problem: while you earn one future income without a college education, and a higher future income with a college education, neither projection accounts for the crucial income risk of unemployment.Read More...
With an increasing focus on fiduciary from NAPFA, the FPA, and a global trend towards fiduciary advice witnessed as far as reforms in Great Britain and Australia, it would seem that fiduciary is at the forefront of concerns about financial advice. Yet at the same time, we discuss the issues of fiduciary, broker/dealer, registered investment advisor, and the distinctions about advice that they imply, in the industry and technical jargon not really accessible to most clients. In the process, are we making fiduciary issues more relevant to clients, or actually diminishing the importance? In the end, is it really about having a legally-bound fiduciary on your side... or is it just about talking to someone you trust?Read More...
