Spending Plans Get ‘Loud’ Thanks to Social Media

Spending Plans Get ‘Loud’ Thanks to Social Media Paul Fain, CFP® A friend’s 25-year-old daughter recently asked me if I had heard of “loud budgeting.” I confessed unfamiliarity with the term but discovered it has been drawing a lot of attention on social media. According to CNET Money’s website, “Loud budgeting is a financial strategy that puts…

Stage your own ‘Operation Christmas Clean-up’ to prepare financially for 2024

Stage Your Own ‘Operation Christmas Clean-up’ to Prepare Financially for 2024 Paul Fain, CFP® Last week, we began decorating our home for the holidays. As we retrieved and unpacked boxes of ornaments and garland and lights, we began to explore everything else that was in storage. The project morphed into a year-end house cleaning. “Operation…

More Often Than Not Diversification Is an Investor’s Friend

More Often Than Not Diversification Is an Investor’s Friend Paul Fain, CFP® I recently read an opinion piece that was lambasting diversification as “diworsification” (a play on words borrowed from legendary Fidelity stock manager Peter Lynch).  Warren Buffett said “Diversification is protection against ignorance. It makes little sense if you know what you are doing.”…