Back when Yours Fatherly was a tweenager, my best friend John and I sneaked up to the loft of my parent’s barn and jumped out the hay door. It was winter and there was a bunch of snow on the ground. And, since we didn’t own a snow plow, my parents would convince a friend […]
My zero tolerance policy on financial risk
Let’s rap about risk. I have a zero-tolerance policy for risking my client’s money. Now, that doesn’t mean clients should never risk money. It just means any money my clients give me is not at risk in the financial markets. This wayward financial advice hinges on a financial concept called “risk capacity.” Risk capacity refers […]