Mike Dispenza, CPA at Caudell CPA in Houston, Texas and former financial advisor tells us
“These are unique and important contributions to financial planning:
A. Stress Conditions: I think back to market crashes, like in 2008, and how a lot of investors were making irrational decisions. I wonder if it is due to this concept + a mismatch in risk tolerance with their investments.
B. Couple Differences: When I had my securities licenses, risk tolerance was always for a single person. The need to collaborate as a couple makes a lot of sense…Identify the tolerance of each, see if there is a divergence + propose to “invest the average” is not taught or discussed.
C. Child Learning/Development: I have never seen a site show a child how to invest so he is successful. too…My parents told me to “invest in the stock market” without explaining what it meant…It wasn’t until I was older + had my securities licenses that I saw it. Teaching sound investing from parent to child is an untapped market…it really spoke to me.”