Can you find serenity in investing?

The serenity statement can be very helpful in investing. It can be found in various guises in different religious and philosophical traditions, and goes something like this: Grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference. It’s a …

Why is the new fiduciary rule important?

First of all, what is a fiduciary? The legal definition is that a fiduciary is acting as a trustee on someone else’s behalf, and several legal duties follow from this. Similarly in investing, a fiduciary is someone who is required to put the client’s interest ahead of their own.   The standard for an investment …