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January 03, 2008

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Brian Powers

I am a "do it yourself" financial planner focused on managing my family's finances.

I must say, this is one of the best "new year" posts I have read. When you ask, "Would you recommend you to someone else as an advisor?" I felt the question was perfect. Every investor could learn a lot about themselves and their abilities by asking that simple, but often overlooked, question.

The question meant a lot to me at this juncture for a couple of reasons. The first is that after ten years of investing, I am starting to feel confident that I have reached that level. This may seem like a long time to some, but developing investing skills takes time and there are no easy paths to consistent success. I am not an expert (is anyone?). But, even though I have a lot left to learn and experience, I have grown as an investor.

The second reason is that I have recently enrolled in the CFA program and Level I exam. This will help me achieve further confidence giving advice to others. It will round out my skills and give me credibility analyzing financial information.

Thanks again Kent. You are knowledgeable about finance and philosophy, but you are also a great writer.

The Financial Philosopher

Brian:

You hit upon some excellent observations:

10 years experience in almost any field establishes credibility, knowledge, and, hopefully, wisdom. With regard to investing, 10 years experience means you have invested through a full market cycle (and more). Think about all that has happened in the financial markets (and the world) since January 1998! As Twain said, "history does not repeat itself, but it does rhyme..."

Regarding education, it never ends! I am a perpetual student as well! If we are not learning then we are not moving forward. What's more, it creates "options." We may not know where we will be five years from now but education provides options and opportunities.

Thanks for the comments. I wish you the best with your future endeavors...

Art Dinkin

Great post. I have been looking for other professional financial planners who blog.

Please get in touch with me regarding a project idea.

Account Deleted

If we are really willing to live a better life in the future, then financial planning plays a very crucial role. If we are not capable enough in handling our finances then the best option is to have a personal financial advisor. Nice article, has some very useful information.

Financial independence planning

To stay on track, pick a date to be financially independent; to get there, have a financial plan and even an adviser whose value added includes advice on taxes, household finances, estate planning, insurance, registered plans, and so on.

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