Foundations of Financial Planning
| Citation | Sources | Views | Words | Pages | Essay # |
|---|---|---|---|---|---|
| None | 2 | 27 | 729 | 2 | 15473396 |
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The six steps are in general more complicated than listed here. The article is little more than a springboard, but the manner in which it is written suggests that it is more authoritative than it actually is. I would not recommend that anybody base their financial planning strategy on the contents of this article for that reason. It is ultimately too simple to be useful but does not provide any guidance for further study. Given the Internet format, there is ample room for further links or more in-depth discussion, so this is disappointing
The Fort Worth article focuses on more specifics. Whereas the FinPlan discusses time horizons, this article applies time horizons to specific meanings you must have a rationale for the time horizon chosen. This is sound advice the rational will allow the investor to avoid making knee-jerk decisions when the market goes down. The evaluation section is more pragmatic as well, outlining what to do and why it important......
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