On spreading your money around, Brian writes, “This seems to be a very popular philosophy or strategy held by just about everybody in the financial world. But I believe that approach has serious flaws. Just look back to the bear market of 2000-2003 and what happened there. I remember telling clients ‘don’t worry, rarely does the market decline three years in a row.’ Well, guess what happened in the third year of that bear market? The market went down again and the losses were equal to the prior two years combined! So that was evidence enough for me to figure out that this theory of asset allocation, strategic allocation, pie chart investing, always have a certain percentage in US and foreign stocks and bonds and so forth is flawed.”
On investing in multiple mutual funds for diversification, Brian explains, “I meet a lot of people who think they’re diversified because they have money in 10, 15, 20, even 30 different mutual funds. But when we drill down into the mutual fund holdings, more often than not we find that they’re concentrated in one area of the market — usually large-company US – with little or no exposure in international or a small-company. This is fine if the demand for stocks is focused on large-company US, but why on earth would you want to have most of your account allocated to large-company US if the demand, and therefore increasing prices and higher profit opportunities were in areas like, say, international or technology?”
The entire article can be found at http://www.brianfricke.com/
Orlando Business Journal has named Brian’s company, Financial Management Concepts, one of the top financial planning companies in Central Florida. Financial Advisor magazine – an industry trade journal- has recognized him as one of the leading financial planning firms in America. Brian Fricke is a Certified Financial Planner. Financial Management Concepts is a Fee Only Financial Planning firm. They currently manage over $98 million of investment assets for a select community of clients.
Brian also holds a weekly teleconference call, “Coffee Talk,” which is a live call held every Tuesday morning from 9-9:30am, to discuss current economic and lifestyle issues that affect retirees and anyone wanting to retire within the next 5 years. Brian has also recently launched a live in-person meeting, built around the teleconferences, called “Coffee Talk Live.” These teleconferences and live events are not limited to clients and will be available to the public, free of charge. Details for each week’s call can be found at http://www.BrianFricke.com/
For more information about Brian Fricke and Financial Management Concepts, please visit http://www.BrianFricke.com. You can also call toll free 1-800-294-4917 or send an email request to firstname.lastname@example.org
About Brian L. Fricke, CFP®:
Brian Fricke is the Author of “Worry Free Retirement, Do What You Want, When you Want, Where You Want”.
For the last 6 years in a row Brian and his company – Financial Management Concepts – have been named one of America’s Top Wealth Managers.
Orlando Business Journal has named his firm one of the top financial planning companies in Central Florida. Financial Advisor magazine – an industry trade journal- has recognized him as one of the leading financial planning firms in America.
If you’ve been in Central Florida over 10 years, you may have heard him on the radio. He used to host his own show on WDBO radio. He’s also served on the City of Winter Springs Board of Trustees Pension Fund.
Brian is a Certified Financial Planner. His firm – Financial Management Concepts – is a Fee Only Financial Planning firm. They currently manage over $98 million of investment assets for a select community of clients.
Brian and his team have worked with retirees and pre-retirees from companies like AT&T, Sprint, Harris, Lockheed Martin and Siemens/Westinghouse.
For more information, please visit http://www.BrianFricke.com
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