BUZ LIVINGSTON: Baseball, finances and marketplace money

Published: Thursday, October 10, 2013 at 04:03 PM.

The only predictable thing in the investment world is low-cost portfolios outperform high cost portfolios. You would think it would be intuitive but often not. Diversification may be as close to a free lunch as an investor gets. Buy, hold then rebalance periodically or if your personal situation changes. Don’t obsess. If you spend more than a few hours a month looking at your investments, get a life.

Marketplace Money

A recent Marketplace Money segment shocked me. The caller wondered about the financial downside of marrying his partner of three plus decades. The financial guru rounded up the usual suspects but when the host interjected, “Are you happy?” the financial expert mockingly asked what that had to do with finances. Yeah, bozo, it has everything to do with finances. A pile of money means little if you aren’t happy. Life, liberty and the pursuit of happiness should ring a bell.

Buz Livingston, CFP, has a Blue Mountain Beach-based hourly financial planning and investment management firm. He works with clients around the country whose portfolios range from $5,000 to $7 million. For more information, visit www.livingstonfinancial.net.



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