Investing with the Checkbook

bill-schultheis“Financial decisions we make in our everyday lives are much more important than trying to pick a few top-performing stocks and mutual funds.”

Bill discusses the notion that checkbook management is more related to investment management than what Wall Street would like us thinking. Monte Carlo simulations, standard deviations, and Smart Beta Funds seem to only chase investors away or lure investors into searching for misguided advice. Investing in low-cost, tax-efficient index and asset class funds allow investors to spend less time on investment discussions with their financial advisor, and spend more time focusing on financial planning issues that matter the most.