Newsletter Archive

Marotta On Money - December 06 Newsletter

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NAPFA

You Deserve a Fiduciary Standard of Care (12-06-2010)

Most investors are not aware of a critical division of professionals in the world of financial services. This distinction lies between fee-only fiduciaries who are free to act in your best interests and commission-based agents and brokers who are required to act in the best interest of the companies that employ them. Even when people have some inkling about the differences, several important misconceptions continue about both the nature of the problem and an adequate solution. Fiduciaries are bound by a code of ethics. They take oaths and their conduct is based on applying ethical principles.
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Upcoming Events

12/15

Be sure you have taken your Required Minimum Distributions from your IRA accounts

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12/19

Know the reason for the season

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In The News

David John Marotta Published in the "Dakota Voice"

David John Marotta's column was recently published in the Dakota Voice newspaper online! Click here to see the article.

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Scrooge's Nephew Fred Is a Traveler (12-17-2007)

Every December I reread "A Christmas Carol" by Charles Dickens. Ebenezer Scrooge's nephew Fred is the character young people most easily relate to. He is young himself, carefree, in love and enjoying life with his friends. He has a "traveler" personality. In his description of financial personalities in his book "Why Smart People Do Stupid Things with Money," Bert Whitehead describes a "traveler" as someone who would rather spend money on experience than things. Whitehead maps financial personality on two different scales. The first measures people's tendency toward greed or fear.
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christmas carol

Dickens' "A Christmas Carol"