Not sure what we call the link that we ask folks to follow when they ask for advice on their personal finances, but think we should add another line asking how much one saves. This could simply be the % of gross saved.
Many papers have shown savings rate is MORE important then even asset allocation yet we don't even inquire about it when answering folks financial questions.
What do folks think?
Last edited by staythecourse
on Fri Dec 21, 2012 9:55 am, edited 1 time in total.
"The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing.” | -Jack Bogle