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There was a trifecta of exciting news this week: our 100th show; Super Bowl weekend and our new intern Christina showed up for her second show. Oh, and thefor the first time since July 2007.
Meanwhile, our listeners were focused on how to use the recent market rise to reconsider asset allocation decisions. Liz from MN started the show with a question about real estate investment trusts, or "REITs". Should she stick with what she has our get out?
Jerri from KY is approaching retirement and needed a game plan for reducing risk in her portfolio, while Carl from MA is self-employed and thinks he is carrying too much cash. But considering his situation (starting a family soon and considering a home purchase), maybe that cash is exactly what he needs.
Jay from Hawaii is struggling with a similar situation, because he's not sure whether his income will change in the future. If he were to start investing some of his cash, he may want to commit to dollar cost averaging.
We fielded a bunch of questions about share classes. Ben from MA owns a Pioneer Y share, which does not have a load or a commission, but is more expensive than a comparable index fund. Lou from MD owns PIMCO funds that also do not carry commissions, but he has a more general question: is his money manager worth the 1 percent annual fee?
Paula, Sam, John, Augustus and Howard all weighed in with insurance and annuity questions. For the record, I am not an insurance hater and think insurance products have a place in many people's lives. That said, insurance products are often oversold, so be cautious when approached by a salesman.
Finally, questions from Marianne and Cathy allowed me to clarify my opinion on target date funds and fund families that I talk about on the show.
Here are web sites and resources mentioned in this week's show:
-- NAPFA: National Association of Personal Financial Advisors (fee-only advisors)
Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:
Call 855-411-JILL and we'll schedule time to get you on the show LIVE
Send an email: firstname.lastname@example.org
Tweet me: @jillonmoney
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