John Nersesian
John Nersesian
advisor biases bring chase emotional forces investor objective party perspective third
Rebalancing forces the investor to do what is typically emotionally uncomfortable but financially productive. Emotional biases tempt us to chase performance. An advisor can bring an objective third party perspective that's more rational.
advisor ask asks oftentimes president question saying vice
The first question I ask an advisor is, 'What are you saying now when someone asks you what you do?' Oftentimes the advisor says: 'I am a vice president with x brokerage.' This is too generic, and it's not client-centric.
balances emotional few found people rational view
It's the emotional vs. the rational or logical. In many instances, people view these balances as found money, but there are few instances when cashing out makes sense.
address congress growing increasing passing simple
Congress can address that dilemma, or growing probability of AMT exposure, by passing legislation that retroactively reduces that bite, and it would probably be as simple as maintaining or increasing the exemption amount.
work works
Rebalancing doesn't work every time. It works over time.
asset avoid costs exposure headaches inflation low market ownership perform terms theory
The REIT market is liquid, there are low transaction costs in terms of getting in and out, and you avoid the maintenance headaches of ownership (while maintaining exposure to an asset class) that could perform well in theory should inflation go up.
advisor beyond divorce goal herself rather
The goal isn't for the advisor to divorce him or herself from the brand, but rather to go beyond it.
cracks panic bed
I lay in bed and watched moments break into phenomenal particles of panic and could actually see the divine crack of God’s ass as he completely turned his back on me.
jobs people loveless
Stressful jobs, loveless marriages, bad food-most people kill themselves slowly every day.
want next generations
If I want to build wealth to transfer to the next generation, I can let it grow on a tax-free basis.
ambition self strings
As the components of your life are stripped away, after all the ambitions and hopes vaporize, you reach a self-reflective starkness-- the repetitious plucking of a single overwound string.
fun live-life latter
Is it so wrong to just live life and enjoy it? Between fun and function, why must we choose the latter?
age teens predictions
When I was in my teens, I made an appraisal of how comfortable my life could turn out when I became the age I am now. Because of a mechanical failure, the prediction was inexact.
writing expectations romance
Although I didn't write myself off as a complete failure, all illusion and romance was gone. I was no longer able to inflate myself; I had disappointed my own expectations and was genuinely worried about dying in the streets.