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The Motley Fool and The Garrett Planning Network

Thursday, March 04, 2010

Dear Clients and Friends,
 
I’m writing to let you know about an exciting new development in my business. The Motley Fool has exclusively endorsed and is promoting the services of financial advisors affiliated with the Garrett Planning Network, the international organization of fee-only financial advisors with which I am proud to be associated. 
 
The Motley Fool has long admired Garrett’s approach to fee-only financial advice. And we are fans of The Fool’s approach to everything they do to educate, empower and amuse the public and their members about investing. Garrett, The Motley Fool and I share a commitment to make trustworthy financial advice accessible to everyone. 
 
The Motley Fool is one of the most admired financial brands in the world. Each month, 4 million unique visitors visit its website at Fool.com. At the core of The Fool’s business model are hundreds of thousands of premium members—many enjoying subscriptions to multiple investment newsletters. Clearly, the company is fulfilling its quest to broaden access to winning financial advice, and I am delighted to have access to all of these resources through our partnership with The Motley Fool. (If you’re not familiar with The Motley Fool, please find some additional information below.) 
 
While there’s no doubt that The Motley Fool’s advisory services are answering a great need among individual investors, the company came to recognize that many of its members yearn for more hands-on help managing life’s complex financial decisions—especially in light of the recent rollercoaster stock market. The Fool decided it was time to look at expanding into the direct financial advice category.
 
Rather than building a financial advisor network from scratch, The Fool kicked off a search for a well-established, like-minded outfit with similar values with which to partner. I am delighted that they found a new match in an old friend—the Garrett Planning Network! As we know well, when it comes to financial planning, Garrett advisors offer the same kind of trustworthy, transparent, and community-driven advice that The Fool has built its business on. The Garrett-Motley Fool relationship has the makings of a great partnership.

Thanks for reading, and thanks for your support. Please don’t hesitate to contact me with your questions.
 

About The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king—without getting their heads lopped off.  For more information please visit Fool.com.
 
About the Garrett Planning Network

The Garrett Planning Network is an international organization of like-minded fee-only financial advisors whose mission is to help make competent, objective financial advice accessible to all people. For more information please visit GarrettPlanningNetwork.com.

Tags: motley fool, garrett planning network

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Foothills Financial Planning Teaming up with Kiplinger Personal Finance and NAPFA

Thursday, January 21, 2010

As part of "Jump-Start Your Retirement Planning Days", Kevin O'Reilly is teaming up with Kiplinger Personal Finance and The National Association of Personal Financial Advisors to provide free advice to consumers. See the press release and learn more here:http://tinyurl.com/FFP-Napfa.

More about Kiplinger:http://kiplinger.com
More about NAPFA:http://www.napfa.org

Tags: napfa, kiplinger

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Don't Buy Stuff You Can't Afford

Saturday, November 28, 2009
Some financial planning humor, courtesy of Saturday Night Live.

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Foothills Financial Planning Featured in Ahwatukee Foothills News

Sunday, November 08, 2009
Foothills Financial Planning was featured in the Ahwatukee Foothills News this past Friday in a Q&A session. Check it out!

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Just a little housekeeping...

Sunday, October 11, 2009

It has been a few weeks since the last post, primarily because we have shifted blog platforms along with changing the software underlying our website.  However, we're back and will return to a regular schedule of posting this week.

For those who are interested, we have moved our website from Linux to .Net on Windows (yes, .Net can run on Linux).  We were using Joomla to manage the content on the Linux site, but I am very experienced with development on Microsoft platforms, with .Net and otherwise, and this gives me more flexibility and opportunity to create functionality.  I decided to shift the blog as well, and chose BlogEngine.Net as the tool to maintain blog content.  WordPress would have worked fine on Windows, and I wasn't unhappy with it, but once again I have a bit more flexibility with the new setup.

You'll note that the look and feel has not changed - we're still happy with the results we achieved in that department working with Glendale Designs.

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Pilgrimage to Omaha

Thursday, April 30, 2009

Tomorrow morning (early to land the $200 airfare) I am headed to Omaha to spend the weekend with the Oracle of Omaha.  Warren Buffett.  Saturday marks the date of my inaugural Berkshire Hathaway Annual Meeting, and I’m very excited to be attending.  I’ve threatened to do this for many years running, but have always had something else going on the same weekend (well…and triplets).  This year, I made it a priority.  I suspect those who have attended many times are growing wary of the crowds.  Not only that, there are apparently - and not surprisingly - a lot of questions posed by protestors of various stripes.  That’s a shame, but it’s a big audience these days.  Last year there were over 30,000 attendees, and that number will probably be at least comparable this year.  In fact, I understand that there will not be any open questions during the session this year…just pre-submitted (and vetted) questions.

None of that matters…I’m just excited to be attending.  I’ll wait until next year to be a jaded veteran.

Tags: berkshire hathaway

General | Stocks

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Jon Stewart as Fiduciary?

Thursday, March 26, 2009

Bob Veres - who is a titan in the financial planning world - was recently interviewed on MorningstarAdvisor.com (subscription required).  Much to my surprise, he was asked about the recent exchange between Jon Stewart and Jim Cramer.  It surprised me to see pop culture enter this realm, but that particular episode of The Daily Show has obviously transcended the mainstream.

First let me say that I respect the fact that Jim Cramer showed up for the show.  He didn’t have to, and the original shot that Stewart took was not even aimed at Cramer.  Furthermore, as Stewart freely admitted, his show takes its shots and makes light of things in a way that may or may not be accurate or truthful.  The point is to be funny, not to deliver news in any kind of balanced manner.  All of that aside, it was clear in the unedited version of this that Cramer bowed to Stewart on just about every point.  Why?  I don’t know, but I do think that the main thrust of Jon Stewart’s “attack” was right on the money:  this is not a game for most Americans.  As Bob Veres replied in the Morningstar Advisor interview, “Stewart is speaking the language of the fiduciary financial planner. He is pointing out to the media that this is not entertainment, its people’s lives. What Jon Stewart is getting at, and what planners get at instinctively is that money runs much deeper than the numbers, the entertainment value and the news. It is tied up with our psychology, ambitions, and goals–everything that we are as people. Treating it as anything less is trivializing it in a very dangerous way. The market does what it does and the financial media has just become an echo chamber.”

Well said.

Tags: jon stewart, fiduciary

General | Fiduciary Standard

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Spending in Ahwatukee

Tuesday, January 27, 2009
On Friday, January 23 Kevin O'Reilly was quoted in an article in the Arizona Republic pertaining to controlling spending.

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How Great is the iPhone?

Sunday, December 14, 2008

Last week, I returned to Phoenix from a holiday trip to Chicago by driving across a good part of the country with my family. That may sound more daunting than it really is for us. My wife and I both generally enjoy road trips, and my kids have become pretty accustomed to it, as we’ve done it numerous times. Still…it gets long and feels unproductive, so I get antsy. On past trips, I’ve listened to many books that I’ve acquired from Audible, and that has proven to be a good way to pass the time.

Of course, throughout the trip I had been listening to a book that I got from Audible. It was a technical book, rather than say, fiction, so I wasn’t particularly glued to it. I had also been breaking that up with my “RoadTrip” playlist, which at present is precisely 236 songs strong. Furthermore, I loaded up on podcasts before we left as well as each night in our hotel room. There are a ton of podcast options available through iTunes, and I’ve never paid for one, although much of the available content is sold through other channels. Most of the podcasts I listened to were oriented toward business and finance, but I also listened to some book reviews, and even downloaded lessons from Coffee Break Spanish and One Minute Irish, although I have yet to listen to the language lessons.

I may have some slight control issues, so I tend to drive for most of this trip. When I did yield the wheel, I quickly realized that the iPhone can be a really strong productivity tool beyond all of the audio options I’ve mentioned. While my wife drove, I was able to send about twenty emails, including some that essentially became real-time conversations. I made several phone calls. I scheduled three or four meetings for the day or two after I arrived back in Phoenix, and I even responded to a couple of text messages. This took place through rural Oklahoma and New Mexico, and I was fully connected at all times. If you’ve ever typed on an iPhone keyboard, you’ll understand why I mostly restricted my email correspondence to matters that were timely and important.

Prior to buying the iPhone, I had a Blackberry Pearl that I liked for its portability and the functionality it provided. It was great for corporate email and was synced with my calendar, and it had a couple of other applications that I found useful. I almost bought another Pearl when I left my employer to start my financial planning practice. However, I was intrigued by the iPhone for the same reasons that most customers are, so I checked it out. I had already been an active iPod fan. It turned out that the iPhone would work with my mail system, and the functionality available through the App Store was very impressive. I was excited about the prospect of combining my phone with my iPod, and the price difference between the iPhone and the Pearl and other competitors was negligible, so I went for it.

I’ve been saying almost since I purchased the phone that it has been one of those rare cases where a leading edge gadget has exceeded my expectations, and the ability to get some things done while driving across the country has done nothing to dampen my enthusiasm.

Tags: iphone

General

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