Click here to view the November Newsletter: Ashford Advisors Newsletter November 2012
This month’s newsletter features the following articles:
SETTLING FOR FIXITY
The recently released book On Settling by social theorist Robert Goodin presents an idea that seems counter-intuitive to contemporary culture: sometimes the best approach to success and fulfillment comes from “settling.”
Settling in this context does not require compromising core principles or resigning oneself to accepting a bad situation. Instead, it defines a good form of settling that allows us to achieve a level of “fixity” in our lives which leaves us better equipped to pursue success in areas that matter most. Settling for fixity is a concept with some strong applications for personal finance.
PERMANENT LIFE INSURANCE: A “High-Fixity” Financial Product
At least once a month, someone in the mainstream financial media will find time to cast disdain on permanent life insurance – i.e., a life insurance policy designed to remain in place for one’s entire life that includes cash value as well as a death benefit. Considering that permanent insurance policies have been mainstays since the beginning of the modern life insurance industry, it sometimes seems odd that “experts” are so critical. It may be because they overlook the “high-fixity” benefits of permanent life insurance in providing a solid foundation for long-term wealth-building and financial security.
CURRENT FINANCIAL CHALLENGE: DOING MORE WITH LESS
Current financial realities are making it harder to achieve long-term prosperity and financial security, because in one way or another, you must find ways to do more with less. Typical responses to these challenges – for businesses or individuals – might be to reduce expenses and increase investment risk in order to achieve a higher rate of return. But there may be other approaches that merit consideration as well. One of the best: look for ways that one dollar can serve multiple purposes.
WHAT’S “HOT” ON THE FINANCIAL RUNWAY (and may eventually catch on with “retail investors”)
Each season, fashion designers present flashy, exaggerated “new styles” that eventually become a trendy look for retail clothing stores to market to the masses, although what finally hangs on the rack at the mall is often a dramatically tamed-down version of what first appeared on the runway.
A similar migration of product often occurs in the financial services industry. Strategies and products once designed by creative financial professionals working for large institutions often, after some alteration, become available to “retail investors,” the industry name for individuals and small groups. If you skim the financial press, one of the current hot topics for new financial products is “Alternative Asset Classes.”
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