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What is financial existentialism?

January 11, 2010

Financial existentialism is your ability to improve on the decision-making by your financial adviser, and acknowledge your responsibility for the gain in wealth, i.e., ‘toot your own horn.’  Technically, FE is your ability to supplement traditional financial rules with your private norms –  and win a bigger piece of the pie.

The term Financial Existentialism was coined by psychologist-investor Dr. kinarthy when he found out that most investors do not relay on themselves in the last phase of making decisions about their investments. The concept Financial Existentialism was formulated after market observation that financial advisers pay themselves fees from your money regardless of how well they managed your funds. It is fundamentally unethical that people who lose money for you  should pay themselves for the effort!

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