James Shackell

[James Shackell @jamessha5]

@Devon_Eriksen_ Devon, what’s your view on AI enabling collectivist governments or organisations to process data and allocate resources as effectively as free markets?

[James Shackell @jamessha5]

@Rick_Ferri @keythweiss Hey Rick, do you provide holistic financial planning or is it just focused on the investment allocations?

[James Shackell @jamessha5]

@MarkMcGrathCFP @roicmatters Although I don’t pay for it, I often get a second opinion on financial decisions from certain advisor friends.

I find there’s quite a lot of blind spots, especially if your a “tightwad” like me who is making financial decisions for your whole family.

[James Shackell @jamessha5]

@MarkMcGrathCFP If you know what’s happening in your clients portfolio you don’t need to know what’s happening in yours, I would imagine!

[James Shackell @jamessha5]

@MarkMcGrathCFP As an advisor, I watch the markets daily.

Not for myself but for my clients.

We have a passive/factor philosophy, and our clients know that the market will do its thing.

But I watch, because I know they will be, I want to anticipate how they’re feeling.

[James Shackell @jamessha5]

@Devon_Eriksen_ Is this for your next novel?

[James Shackell @jamessha5]

@dollarsanddata @parker_barnett9 https://t.co/caod0s8HiR

[James Shackell @jamessha5]

@dollarsanddata @parker_barnett9 @dollarsanddata You may be interested in this perspective. This is a slide from my latest video that demonstrates how a US centric portfolio has much higher "Failure" rates from the perspective of a retiree when compared with a global index or factor diversified portfolio.

[James Shackell @jamessha5]

@camp_wealth @MichaelKitces @dollarsanddata Hey @camp_wealth, this is a great post. Where did you get this data from?

[James Shackell @jamessha5]

@Rick_Ferri @MarkTMeredith Can someone help with this:

If most AUM based firms take ~4 years to make a profit from on-boarding a batch of new clients, does that mean that fixed fee firms (that charge less per client) take longer to make a profit?

[James Shackell @jamessha5]

@syouth1 When looking at the “average fund” would it make more sense to use the median?

[James Shackell @jamessha5]

@MarkMcGrathCFP That’s unsuitable advice, surely she would sue him?

We have a financial ombudsman in the UK, not sure if you guys have a similar thing ?

[James Shackell @jamessha5]

@emollick @benjaminfelix the cost of pessimism!

[James Shackell @jamessha5]

@SergeBourgaine @alphaarchitect @larryswedroe I would imagine that’s the same with most investments. Your downside is limited to 100% but your upside is unlimited.

[James Shackell @jamessha5]

@AbrahamOnMoney I’d call it “Preventing behavioural bias”, most people understand that we all have bias and they will have examples of the problems bias can cause in their own area of expertise that you can relate to.

[James Shackell @jamessha5]

@gags_sandhu @Rick_Ferri @NewRetirement @XillionApp The really hard thing is that investment/product providers all use different data sets. There is no uniformity of information. Normal investment accounts are easy, but pensions and other legacy products are a nightmare.

I guess AI could brute force it like we humans have to do.

[James Shackell @jamessha5]

@Rick_Ferri @NewRetirement As soon as someone will insure it.

[James Shackell @jamessha5]

@MartinSLewis @MoneySavingExp I think there is an error in this otherwise brilliant guide.

The 1 year of NI contributions gets you the equivalent of £303.90 of state pension. I think you have last year's figure here?

https://t.co/CtkGU3gLNN

[James Shackell @jamessha5]

@Rick_Ferri As an adviser, I spend a lot more time trying to convince clients it’s safe to retire - so long as they are willing to be flexible - than trying to convince them that a 7% constant withdrawal rate just won’t work.

To be retirees, see monsters around ever corner.

[James Shackell @jamessha5]

@Austen 10 million