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The article devoted a good amount of space to bond market math, focusing on the pain of owning the iShares 20+ Year Treasury ETF (TLT) and bond funds in general. financialadvisers are kidding you if they say they are 'positioning' your portfolio for a specific interest-rate scenario. This is an important point.
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There is an alphabet soup of financial-adviser credentials [link] Credentialing is overdone. link] Maybe, and it might be good to replace geometry with analytic geometry, but adding data science and probability will leave most STEM majors underprepared for college math. Jan 10, 2023 CFP?
The advice part of being a financialadviser is the hard part. So as much as I’m personally still a pretty strong skeptic of active management, I mean, I understand the math, and the odds are not in your favor. I read all those academic papers, I understand where the math comes from. It’s how math works.
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