BUZ LIVINGSTON: Monarchs, mutual funds, and warning signs

Published: Sunday, September 29, 2013 at 03:35 PM.

Dodge and Cox, Selected Funds, T. Rowe Price, American Funds and even index champ Vanguard are examples of cheap actively managed fund families. However the list is relatively short and even these consumer friendly funds sport higher costs than passively managed funds from Vanguard and DFA.

The passive/active debate reminds me of the campaign ad for the Massachusetts Congressional candidate Carl Sciortino, a liberal, and his Tea Party father. Our son is an outside consultant working with one of the actively managed fund families mentioned above. We differ professionally but respect one another.  Washington politicians should ignore petty differences and put America first.

 The American greenback dollar remains the world’s reserve currency. I didn’t go to Princeton or Harvard, but I am quite certain even considering a U.S. Treasury debt default borders on lunacy.

30A Throwdown and the South Walton Artificial Reef Association

As a practicing fiduciary, I had to decline judging the 30A Throwdown hosted by Pandora’s. Festivities kick off at 2 p.m. Sept. 28 to benefit the South Walton Artificial Reef Association. It was a tough call but Georgia plays LSU during the festivities. A. It would be difficult for me to concentrate. B. There likely would be a Louisiana chef attending and I would have a Grand Canyonesque conflict of interest.  

The South Walton Artificial Reef Association and any local non-profits should contact their donor base regarding Charitable IRA rollovers. Our firm has a Word document outlining Charitable IRA rollovers we are sharing with any non-profit. Edit as you like; I would prefer if you kept my name but that’s not a requirement.  Feel free to contact us.  GEAUX DAWGS!

Buz Livingston, CFP offers hourly financial planning and fee-only investment management to clients along Florida ’s Emerald Coast .  Contact him at 850-267-1068, Buz@LivingstonFinancial.net or www.LivingstonFinancial.net.

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