What is Skepticism?
Skepticism is when someone doesn’t take an assertion at face value. Adherents demand a higher standard of proof. They don’t deny facts but demand evidence before they accept something as a fact.
What is the Application of Skepticism?
Every day on the news you hear claims in regards to the stock market. A particular bank had a bad quarter, so people think a recession is imminent. The weather was bad so the stock market is going to go down. The hiring of a new CEO will cause the company to go bankrupt. Don’t take these statements at face value. Before you freak out, remember these statements are opinions. They might be informed opinions but they’re opinions regardless. As many people have learned during their life, opinions can be wrong. You should take these statements with a grain of salt.
What is the Value of Skepticism to You?
The point I’m trying to make is to not panic. The movements of the stock market are very complicated and the effects of any particular action can usually not be accurately determined. Instead of listening to any of talking heads on TV, stick to your financial plan. Apply your skepticism to every prediction, and realize the prediction is probably wrong. Even if they’re right and the market drops, it will eventually recover. The effect of any event will be diversified out by history. Things will be ok.
|Rate||Assets Under Management|
|1.00%||Between $125,000 and $750,000|
|.85%||Between $750,000 and $1,250,000|
|.80%||Between $1,250,000 and $1,750,000|
|.75%||Between $1,750,000 and $2,500,000|
|.70%||Between $2,500,000 and $3,250,000|
|.65%||Between $3,250,000 and $4,250,000|
A single rate is applied to the entire account. So a person with a $750,000.01 account pays less than a person with a $750,000 account. I will waive personal tax return fees for accounts over $1 million. For accounts that are above $5,250,000, we’ll need to discuss a custom rate.
As I’m writing these to help my readers, I would be very appreciative of any input in regards to what I should write next. If you want me to write about a particular topic, please contact me. Please contact me if you would like to submit a post to my blog.
If anything that I mentioned above interests you, please consider downloading my free e-book. The book contains my thoughts on investment management and some information that I think everyone should know. You can also download it below.
Questions for the comments
Did my explanation make sense? Do you agree or disagree with what I said?