Talk:Creating a financial plan

Split proposed

Propose that the Implementation section is out of place in this article and it be split into its own article or combined with [[Simple portfolios]] --Peculiar Investor 11:30, 19 November 2013 (MST)

I removed the above link, as the page is replaced with Simple index portfolios. --LadyGeek 18:25, 25 January 2015 (MST)

Internal link tips and tricks

I am not sure of the reason for these changes as on the previous page version the links worked correctly? Check out MediaWiki's Word-ending links to some tips and tricks that can be used for internal links. --Peculiar Investor 17:40, 22 November 2023 (UTC)

What is the purpose this page and what should we do with it?

I seem to remember that we've discussed this before, but what is the purpose of this page? It reads a bit like a possible general entry point for finiki (or the forum), but we have other (I would argue better) entry points now, like the front page, Getting started, and outlines (Outline for young savers and investors, Outline for mid-life investors, etc.). At the same time it is quite opinionated in places, without providing references in support; it sometimes reads more like someone's opinion, than as a wiki article. It recommends small cap stocks in the list of products, and lots of US-listed ETFs including region-specific ones (European stocks, etc.); that is way too complex for beginners, and we have all-in-one asset allocation ETFs now. What should we do with this page? --Quebec 00:34, 23 November 2023 (UTC)

The pages you reference are for investing. Investing is one component of your personal finance picture. Your starting point should be as a financial plan and then decide if you can proceed with your investments. Compare to the Bogleheads' wiki equivalent Financial planning. If the page is too complicated, perhaps it can be simplified? The basic concepts still apply. --LadyGeek 00:41, 23 November 2023 (UTC)

If you read back through the article's history you will see the main contributor was Shakespeare who was a key driver behind getting the wiki up and running. This article and a number of others that he initiated seem to be carry-ons or extensions from his A Primer for Canadian Do-It-Yourself Investors (aka Shakespeare's Primer) where he mentions "This Primer has not been updated for several years, as my current writing efforts are focused on finiki, the Canadian financial wiki." That said, I think you main point is the section on Implementation could need to be re-worked or split into another article and bring more attention to Asset allocation ETFs and Simple index portfolios. --Peculiar Investor 13:43, 23 November 2023 (UTC)

The section on Implementation, that was indeed bothering me the most, has been simplified. No more long list of recommended securities. We are sending people to other articles: asset classes, diversification, portfolio design & construction, simple index portfolios, asset allocation ETFs, rebalancing, discount brokerage, equities, bonds, etc. Some of those pages contain lists of recommended ETFs and index funds. I am still unsatisfied by the general shortage of references and the opinionated tone of the article. More work seems warranted to really turn this into a modern wiki article. --Quebec 21:14, 23 November 2023 (UTC)

I recommend creating a draft page, i.e. User:Quebec/Creating a financial plan, to work on the updates. Revert the latest updates stating "MAJOR EDIT IN PROGRESS" until the development has been completed. If you wish, I can create the page for you. --LadyGeek 23:48, 25 November 2023 (UTC)

Too late, sorry, the major reorganization is already done (I did not see your note in time). Remaining tasks include: (1) Integrating most of the "Further reading" section into the Recommended reading article, to make them much easier to find; (2) Adding more references. --Quebec 00:10, 26 November 2023 (UTC)

┌────────────────────────────────────────────────────────────────────────────────────────────────────┘ Draft pages in the user namespace are generally good for potential new articles however I do not think they should be used when reworking or reorganizing pages. They can make tracking the full edit history difficult. FWIW, the closest Wikipedia policy or guidelines on this I could find was Wikipedia:Using sandboxes for article changes. I would suggest that editors can use the {{In use}} template for pages actively undergoing a major edit. That way keeps readers and other editors informed of the current article status. --Peculiar Investor 18:05, 27 November 2023 (UTC)

{{In use}}: that was the template I was looking for, couldn't find it in a hurry (using the "insert a template" tool and the keyword 'major'), but I see it is listed at finiki:Template_index, and I'll know where to look next time. --Quebec 23:49, 27 November 2023 (UTC)

Milevsky's Insurance Logic, 2nd Edition

There was a {{Dead link}} for this book and therefore a whole paragraph was removed in revision . I found an updated link, Insurance Logic, 2e, Risk Management Strategies for Canadians, Moshe A. Milevsky, Aron A. Gottesman. I note that the book is mentioned in the Further reading section. The edit text doesn't say why the paragraph was removed. Should it be restored with the updated link? --Peculiar Investor 00:22, 29 November 2023 (UTC)

Exactly, mentioned already in the Further Reading, both here and in the Insurance article (where I updated the link yesterday). Also recommending the book within what is an overview article on a number of topics seem superfluous. Plus, the deleted text included "The original edition is now out of print but may be available at your public library" which is no longer applicable (you can order the 2nd edition on the captus website). --Quebec 00:17, 30 November 2023 (UTC)

Thanks for the explanation. Makes sense to me. --Peculiar Investor 12:47, 30 November 2023 (UTC)