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Fierce Fiduciary

We host the Fierce Fiduciary Podcast and run Fierce Fiduciary Academy. Timeless information and education to help you make better financial decisions. No ads.

No "hot stock picks."

26/12/2023

Imagine effective, high energy financial planning/wealth management without needing to set goals, write a budget, or maintain a bazillion trust entities and LLCs. What else needs to change?

25/05/2023

Considerations When Making Financial Decisions: TIME

Research from Morningstar has shown that longer-term decision-making tends to lead to better results.
1. Plan as far ahead as possible.
2. For big goals like Retirement, think in terms of Years and Decades, NOT days, weeks or even months.
3. Try to avoid making rushed, last-minute decisions, because you may not have time to evaluate all available options, or the expected impact of your decisions.
4. When considering complicated and expensive strategies, take time to step away so you can look again at your decision under a different light.
5. Learn about how the Markets have moved over time.
6. Consider how long it will take to implement/execute your decision.
7. Will you remember why you made your decision over time?
8. If ongoing actions are required over time, is there sufficient documentation to make sure your decision is not under-minded in the future?

24/05/2023

Four controllables exist when investing.
1. Contributions/withdrawals
2. Risk (allocation, rebalancing, selection, hedging)
3. Taxes (capital loss harvesting, asset location, ownership)
4. Avoid unnecessary expenses

23/05/2023

KNOW WHERE TO FIND YOUR INFO:
Can you find what you are looking for with a minimum of effort? Where are those important documents and papers? What are the passwords and user names? Do your key family members know how to find those things too?
Don't just get organized to be tidy. Make it useful for you! Here are some ideas:
- Use a password manager software to store and share your online credentials.
- Know where you save documents/files and how you name them (on computers, on cloud).
- Track spending and assets with financial aggregation software.

22/05/2023

https://ed.gr/eaoj2

19/05/2023

Considerations when Making Financial Decisions: The GOAL

Describe what you are trying to do in the simplest terms. Can a 6th grader understand your essential intent? Is it a S.M.A.R.T. goal?

SPECIFIC – Articulate the WHO, WHAT, WHEN and most importantly the WHY of your goal.
MEASURABLE – How will you measure your progress?
ACHIEVABLE – Will you devote the necessary effort, energy, and financial resources to make it happen?
REALISTIC – Is it aligned with your overall life objectives and values? Does it work within the scope of your other goals?
TIMELY – What is a realistic deadline for achievement?

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