| |
Over
the past couple of weeks, it has come
to my attention that the tremendous explosion
of financial information has led to a
disconnect between what some people have
heard about certain financial ideas and
what's actually true. People come to us
with information they have received from
one source or another - friends, the internet,
magazines, wherever - and very often it
turns out that what they have heard is
either not 100% accurate or there's another
angle they haven't considered. For example,
one woman we talked to had been led to
believe that a
Home Equity loan is the same thing as
a Home Equity Line of Credit. But actually
they are very different financial tools
... and we took the time to explain the
difference so she could make the best
choice for her situation.
A friend had never heard of "laddering"
as a way to maximize CD earnings while
minimizing interest rate risk. Luckily,
he came in and asked a lot of questions.
This idea came up and it was perfect for
him. Asking a lot of questions before
you act is a very good way to avoid making
bad financial decisions. And helping you
explore your options so you can sort them
out and make an informed decision - that's
what we're here for.
Edward
F. Manzi, Jr.
President
|
