In the investment business we spend a lot of time talking about risk. As it applies to portfolio construction and management it is a decades-long debate: how to structure, how to measure, how to optimize. Academics and asset allocators keep the debate going each and every day, testing and honing their models in hopes of finding even the slightest of edges.
You cannot cruise the internet without tripping over articles about the partial government shutdown and the increasingly horrible effects it’s having on many government workers and their finances and their psyches.
The whole situation is doing a marvelous job of illustrating that you do not want to have only a little bit of cash in the bank. You want quite a lot in order to survive the crap life can throw at you. And in the tech industry, I bet you can think of a few such pieces of crap.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.