Retirement Planning

Building a Firm that Will Last 100 Years: Ethics and Core Values

Posted on . Category | Retirement Planning

The North Central Texas Better Business Bureau (BBB) recently announced that Money Matters is a finalist for the Torch Award for Ethics*. Applying for the award end up being a reward of its own kind, because writing answers to essay questions about ethics forced me to really think about the way we handle ethics at Money Matters. I believe that being ethical is primary. It's the most important thing about doing business, especially in the financial services industry, where we manage people’s life savings. I also believe that our ethics make us stand out in the field. I've always told my daughters that if you tell people what you are going to do, and you do it the way you said you would, you do it on time, and you do it at the price you quoted, people will beat a path to your door.

Keeping A Clear Vision of Our Ethics and Goals

Posted on . Category | Retirement Planning

I believe that living by a strong code of ethics makes life better. Leading an ethical life, whether in business or just in general, makes everything so much easier. When you do the right thing, you don't have to think about anything—everything takes care of itself. I think ethics are even more important in the financial services industry because we're given a great responsibility: we handle people’s life savings. We should go out of our way to be open about everything.

I recently learned that Money Matters is a finalist in the North Central Texas Better Business Bureau Torch Award for Ethics*. I’m thrilled that we’ve been given this honor and look forward to finding out who wins in September. I also found that filling out the application was a great exercise, because it forced me to sit down and really think about how we handle ethics at Money Matters.

Money Matters’ Ethics: Community Engagement

Posted on . Category | Retirement Planning

I recently announced that Money Matters is a finalist in the North Central Texas Better Business Bureau Torch Award for Ethics. The application was almost like a term paper (it took me a month to complete!), with essay questions about the way we conduct our business. I believe ethics should be at the forefront of everyone’s dealings in business, in school, with family, with friends, everywhere, regardless of who you are or what you do, so last week I shared my answer to the BBB’s question about ethical leadership.

The BBB Torch Awards application also asked for an instance where “the leader and leadership team transfer their ethical beliefs by their active engagement with their industry and the communities from which the organization derives its customers, workforce, vendors, investors and governess.” I answered this question with letters from two of the community organizations that Money Matters supports: Habitat for Humanity, and The Boys and Girls Club.

If You Sell, What Next?

Posted on . Category | Retirement Planning

 A radio show listener recently emailed me, saying, “You talk about buy, hold and sell—that when the times comes, you get out of the market and you sell. But where do I put my money when that happens? You say to get into cash, but what exactly do you mean? A stack of $20 bills in my closet?”

Three Good Questions Answered

Posted on . Category | Retirement Planning

Lately I’ve been encouraging listeners of my radio show to write me with their “Cheers, Jeers and Questions.” John in Houston recently wrote to say that he’d read Tony Robbin's book, Money: Master the Game, which led him to ask several questions:

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  • All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio.
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  • References to performance arise from investment management services provided by Money Matters with Ken Moraif. MMWKM is the independent advisory firm created after Money Matters with Ken Moraif left Cambridge Investment Research. The persons who manage accounts at MMWKM are the same investment advisor representatives with that responsibility at Money Matters with Ken Moraif. MMWKM accounts are being managed now using the same strategy as was utilized at Money Matters With Ken Moraif.
  • Ken Moraif has worked in the financial services industry since 1988. He has been a Certified Financial Planner Professional since 1998.
  • Prior to 2003, the advisor was not using the exit strategy on which these videos are based and clients at that time may have experienced different results. Therefore, results prior to that date should not be viewed as indicative of the advisor’s skill. This exit strategy is currently being used with MMWKM’s existing clients’ accounts. Backtesting was used in creating illustrations prior to 2003. Backtested performance is purely hypothetical and does not reflect actual trading in clients’ accounts. Backtesting differs from actual performance, because it utilizes the retroactive application of a model that was designed with the benefit of hindsight.
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  • Statements saying that we told our clients to be out of the market in 2008 refer to recommendations made by MMWKM’s principals while employed at Eagle Strategies, LLC. The persons who manage accounts at MMWKM are the same individuals with that responsibility at Eagle Strategies and at Cambridge Investment Research Advisors, Inc. from 2009 to 2011. MMWKM was created in 2011 and uses the same exit strategy.