Do you think CNBC overlord Immelt personally put in a special request for the 10-boxer to accompany the GE news?
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1. She Isn’t Certified
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2. He Offers to Manage Your Money for “Free”
Financial planners are usually paid in one of two ways: Either through fee-only, which can be a set fee, hourly, retainer or a percentage of the assets they manage for you, or through commission, which means the planner is paid each time he buys or sells an investment.Fee-only payment structures can be more desirable to some clients, as there’s no financial incentive based on assets under management for a planner to buy or sell, whereas working on commission encourages planners to make trades, rather than solely look out for your best interest—called a “fiduciary” duty. (You want to be sure that the planner you choose is a fiduciary.)
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3. She Says She Outperforms the Market
“If a financial planner tells you that she can outperform the market, that’s a major red flag,” Vient explains. “In fact, due to government regulations, it’s illegal to advertise statements that promise a specific return.”Outperforming the market—that is, getting better investment returns than the market average—is extremely difficult to do consistently, and requires taking a lot of risks with your investments. It’s rare to find a financial planner who can consistently outperform the market—and results are never guaranteed. Either way, in the pursuit of these high returns, she’ll be exposing your investments to much higher risk than you may be comfortable with.
Instead, look for a CFP® who, when looking at your portfolio, can advise on proper asset allocation based on your risk tolerance and time horizon, as well as through economic ups and downs.
4. She Doesn’t Ask About Your Financial Goals
“Your planner isn’t just there to crunch the numbers,” Vient advises. “She’s helping you make a plan for your money and your life. You should be looking for someone who has similar values to you.”Ideally, you’ll likely want to work with someone who is in a similar life stage. Are you a parent? A planner with children may be better able to understand your need to save for college. Does your CFP® have a specialty? Some planners have an area of expertise, like insurance, estate planning, divorce or retirement—a fact you might want to consider if that’s a particular need of yours.
When meeting a potential planner, remember that you’re allowed to ask questions about their experience and priorities: “Do you think it’s more important to save for retirement or pay off debt? How do you feel about supporting kids through college? How do you mitigate investment risk as your clients get older?”
The choices you make with your money are intensely personal. The person who helps you make these choices should be able to understand and accept your financial priorities, and help you use your money to meet them.
5. His Management Style Makes You Uncomfortable
Financial planners can manage your money for you or manage your money with you. As different people have different needs when it comes to money management, there is no right way to work with a planner—it’s up to you to decide how hands-on you want him to be.
When you sign on with a financial planner, there will be a written agreement of how the two of you will manage your money. Read this carefully, and ask questions if you’re unsure about anything. Are you signing your accounts over to this planner? Will he check in with you before making a trade, or when rebalancing your accounts? If you’re uncomfortable with anything in the agreement, bring it up immediately.Learn more about LearnVest Planning and our financial planners by visiting learnvest.com. To book your free consultation today, email FA_Support@learnvest.com or complete your request online.
LearnVest Planning Services is a registered investment adviser. The opinions expressed in this article are that of LearnVest Planning Services, a registered investment adviser. The advice provided may not be suitable for your individual situation and you should discuss your situation with a financial professional.
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Yes the overlord has spoken. Later him and Murdoch will hurl lightening bolts at each other from the top of skyscapers.
I got a tuna Immelt on rye at Katz’s once. It was delicious.
The CNBC Bunch
I am a Jefferies analyst, what is a 10 boxer?
i think about three of the ten actually spoke. not that im complaining
It’s my opinion taht the CNBC “babes” should have bigger boxes. Oh…that didn’t quite come out like I wanted it to.
Was taking care of business at Redtube, what did I miss?
SPODE
Bartiromo was a 10 box like 3 years ago.
Throwin hotdogs down a hallway.
@5..That’s how many pairs of underwear a Jeffries analyst goes through when the fund clients start asking about the markets on a day like this.
10 boxer = # of bandages need to lock EB’s cha-chas in place.
They’re still tender so don’t forget to call me. I’m VERY gentle.
Thanks for the tip, SPODE @8. I called my MD to come over in a minute to look at the business site you mentioned. “Redtube”, eh? Anyway, she’s on her way so I got to get ready. I’ll let you know what she thinks of it. Thanks again!
I am a Jefferies analyst, what is a Jefferies?
@13 – Duh. Crawlspaces on Starships.
Santelli was giggling about how much more it cost Lauer than him.
SPODE- i enjoy your work and wanted to pass this along: pls give spankwire a test drive. It’s no redtube but you’ll arrive @ the same destination.
-tgwwbh
NEW RULE: CNBC can not have more boxes than its share price. Next up 7-boxer, do I hear 6-boxer?
Hooray for the DECABOX!
Maybe GE wouldn’t have to cut dividends if they canned 9 of these shrills
Spankwire? Redtube? WTF?
Anyway, the boss just told me that the cartoon character Pinocchio discovered he was really made of wood one night when his hand caught on fire.
@21
Exactly. CNBC (GE) is bloated with “talent” and certainly can send Wideclops their way. Probably by the end of March.
Where the F is GASBAG?
Michelle Caruso Cabrera has nice babypillows, but she loks like a friggin hunchback — wtf is with that??
@23
That makes sense. Since there has been a significant reduction of staffing levels across the board there should be proportional reductions in the number of talking heads on CNBC.
I would start with those that have not had a boob job in the last 3 weeks – seems perfectly equitable to me.
Careful SPODE, you’ll have Health and Safety on your neck if you’re not careful. They don’t want to see a rise in RSI (Redtube Strain Injury) related claims.
Careful SPODE, you’ll have Health and Safety on your neck if you’re not careful. They don’t want to see a rise in RSI (Redtube Strain Injury) related claims.
@25–they’re heavy
Why the hell is Dennis Kneale still on CNBC?
Who is he bl0wing/banging/etc? There is no other explanation.
CNBC is god awful. How about a Jim Grant Channel?
Why the hell is Dennis Kneale still on CNBC?
Who is he bl0wing/banging/etc? There is no other explanation.
@29
They Ain’t Heavy, They’re My Pillows …
http://www.youtube.com/watch?v=e7HPqi5uVeo
@31. Second the motion for a James Grant channel.
That is not really Kneale. That is just a hologram. The real Kneale died 10 years ago when he tripped over Bartiromo in the hallway.
Where is Erin Burnett’s box?
How many CNBC “journalists” does it take to screw in a lightbulb?
With the exceptions of Liesman, Olick, and a few oft talked over guests, it really is unwatchable and the decabox can trigger seizure disorders. In fact, let’s turn on the Match Play Tourney! Very calming.
A. They get paid by the box and words per minute.
B. Without GE, UBS has no facetime.
C. Minus studio lighting & makeup, MC to the C is the gyro vender outside citi.
the tribe
The babbling box dwellers should all sing “Little Boxes” to the tune of Pete Seeger.
The babbling box dwellers should all sing “Little Boxes” to the tune of Pete Seeger.
Listen, it’s the next big thing, bigger than bigger next thing!!! Engage with over 30 people on one screen so no viewer really knows who’s talking so you can just flip the channel!!!!
CNBC playing cards?
I thought i was turning on slot machine instead of TV.I ask my wife why do we have a slot machine in the house.
they all look like playing cards,too, the only difference is the characters are talking and sometimes yelling at each other.
It’s like Ace is yelling at King for banging Queen.But Heart says “may i join”.
Hey guys!
they are the new characters of Las Vegas casino’s playing cards. Sign of times!
Will they attract more high-end gamblers?
Where’s King Gaspagarumor?
that’s nothing!
Erin Burnett will have 50 of those!
Attention!
The real reason behind the deca box?
They were hoping GE share would go back to 10.
Attention!
The real reason behind the deca box?
They were hoping GE share would go back to 10.
COMING TO A POST OFFICE WALL NEAR YOU.
@31, 34 – Another one here for the Jim Grant channel. He’s the anti-Cramer – thoughtful, modest and intelligent.
- Fixed Income
More boobs than brains in that 10-boxer.
2009 FBI 10 MOST WANTED PEOPLE IN AMERICA!
(No, they are not siblings of Octuplets)
Call the nearest police station if you know anyone of them.
Rewards are:
- 1 foreclosed home for every person you know.
- 50% share of Citi (government 40%).
- own 1 AIG company
- 100,000 GE shares (only when it reaches $5/share)
- the most awaited reward—> dinner with
Erin Burnett, I said Erin NOT Sylvia of CNBC Euro.
You will remain anonymous and excluded from King Gasbagarumor’s rumor.
To make it even more painful, they should have brought in Donny and Gasparumor together. I usually have to turn off the TV when they come on together.
The sheer stupidity of this crowded sceaming screen is enough to send me to Fox Business forevah. Hello Liz, Sandra Alexis, g’bye Kneale, gaspy and Santellidiots
slow day perhaps for the news hungry horde? or maybe, THE Commentators (talking, not thinking) just needed spew-time? Comment & discuss – pop quiz tomorrow from — Charlie? Erin? RatBag?
I read it for the articles.
http://www.playboy.com/blog/2009/02/backstabber.html