Dan Danford, CFP® and Founder/Chief Executive Officer of Family Investment Center, answers this week's episode of Money Made Easy.
Danford has a common saying around his office when it comes to political and financial regulation proposals: "Don't talk about what might happen, instead focus on what does happen." This is important because politics are an important aspect of financial planning. Investors consistently face the problem of an overabundance of news and talking heads trying to get their viewpoints across. Danford advises when you listen to the nightly news about all the problems and emergencies going on, listen very carefully. Until a proposal or regulation becomes law, its importance is probably very low for most family investors.