Twenty years ago I got my first job as a “financial advisor”.  I thought it would be my dream job.  I imagined the difference I would be able to make in my clients lives.   It would be the perfect job for me.  I envisioned lengthy retirement planning conversations, in which I could help make my clients retirement dreams come true.  I would help clients save for their children’s education, and make purchasing that lake home a reality.  The reality is that I didn’t do any of these things.  I didn’t realize that being a financial advisor just meant being a financial salesman.  My job wasn’t to complete financial plans. My job was to sell a crummy, high cost product to uneducated clients.  The goal wasn’t to help my clients get into a better financial situation, it was for me to get into a better financial situation by earning high commissions.  

Needless to say I didn’t last long at that job.  I am good at financial planning and thankfully, I’m awful at selling bad financial products.  Unfortunately, there are a lot of people who are just fine at selling these high cost (and high commission) investments.  That’s why I started this blog, to help people become better educated and most importantly make better financial decisions.  

There are three basic premises that this financial blog will be based on:  

  1. Keep investment costs low
  2. Static asset allocation with periodic rebalancing beats any ‘exotic’ investment strategy
  3. The financial education will be geared towards Michigan residents

I should expound on that last point.  I was born and raised in Michigan and have basically spent my whole life here. Michigan is home for me and always will be and at the end of the day I want to be able to help my neighbors, friends, and family make better financial decisions.  I’ve read plenty of blogs for people in New York and California.  It’s time for the people of Michigan to have a financial voice as well.  

I hope you get a lot out of this and if this blog just helps one person avoid getting ripped off by a financial advisor, I’ll consider this a success.