President Obama conceded this morning that the Nobel Peace Prize awarded to him was premature. 

“I would be remiss if I did not acknowledge the considerable controversy that your generous decision has generated. In part, this is because I am at the beginning, and not the end, of my labors on the world stage,” Mr. Obama said. “Compared to some of the giants of history who have received this prize — Schweitzer and King, Marshall and Mandela — my accomplishments are slight.”

I respect the president for saying so and I do congratulate him in spite of how I feel others who have given their lives.  However I did not commission this caricature to be political – this is not an indictment on the President, but more so on the Nobel Prize committee and the person who nominated him.  I want to instead pose this question to you from a financial planning standpoint:

How does the above cartoon serve as a metaphor for active management in mutual funds? Think about it, let me know your thoughts on this question.  As for my thoughts, well, stay tuned there’s more to come.

Picture credit: Thank you to H.C.T. for capturing my imagination so well.

The guest on my show this Friday is Derrell Payne, Public Affairs Specialist for the TN Social Security Administration.

This is going to be a good show to watch because everyone is affected by Social Security benefits.  One question I am often asked is, “How soon can I retire?” followed by “How do make sure I have enough income to support my lifestyle after I retire?”

We’re going to discuss these concerns, as well as talk about the Provisional Income Formula a little bit.

If you have any more questions, add them to the comments and I’ll use them on the show.

So tune in this Friday at 8am on Channel 250 on Comcast.