Empowering You to Live Your Best Financial Life
Our expertise in financial, investment, and retirement planning will guide your path to financial fulfillment.
The Last Dumb Investor
Given the market has always risen over any 17-year period, this poor soul must have bought on October 9, 2007, just before the S&P 500 index threw in the towel and dropped nearly 50%. That dumb buyer would have “lost” half their money in just a little over a year.
Don’t Let Your Investment Plan Crash With The Markets
In many cases, philosophies are the basis for how we think and plan. If you can see how my simple driving philosophy helped here, perhaps you can see how an investment philosophy may help when it comes to your money and the market.
Does Your Financial Advisor Buy Lottery Tickets?
When we trade our cash for things, we are either investing or making a purchase, and it is imperative to understand the difference. For me, buying a lottery ticket every once in a while gives me the chance to dream a little bit of what life would be like if I were to win. At no time do I actually believe I will win – we all know how steep the odds are – but I know for a fact that I won’t win if I don’t buy a ticket.
8 Investment Strategy Mistakes to Avoid
When was the last time you truly forgave someone? I’m talking about a time when someone did wrong to you with no explanation — leaving you bewildered as to why you were treated that way. And, unfortunately, you had no real recourse, except to pick yourself up and move on. But before you could truly do that, you had to forgive that person.
Three Requirements for a Successful Stock Portfolio
The only thing that matters when it comes to your portfolio is something that cannot be answered until you are dead and gone: did it fund all the expenses you planned for and help you achieve all your financial goals in life? With that in mind, let’s define and discuss what is required to make your portfolio successful.
How to Save Time on Your Finances
When it comes to assessing and changing your financial life, what’s holding you back? Is it finally weeding things out and making the change? Is it the inertia or that you find yourself falling back into old habits? No matter what it is, if you genuinely want to spend less time and find more value, you need to break the habits, commit to the change, and weed things out.
How to Avoid Putting All Your Eggs in One Basket
The phrase in the title of this post is said to have been first used in the novel “Don Quixote,” and is written as follows, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.” The message, of course, is that it can be quite risky to keep all your valuables in one place.
Why Volatility is Good
Higher risk must be accompanied by higher potential rewards. To get that, we have to accept more volatility and that’s what the stock market provides. Even a well-diversified portfolio will move up and down with the markets, so let’s structure a portfolio so we can live within the good times and the bad!
Faith In The Future
People do it all the time. In the face of their worst imaginable fears, they do it. Probably not because they want to. They do it, maybe, because that’s the way we humans are wired. What do they do? They continue. And the only thing that might be driving them is faith in the future. A faith that the future will be better.
What is Financial Planning?
Financial Planner. Financial Advisor. Investment Advisor. Or even an Investment Adviser. Do these terms create vibrations of stress in your life? I’m going to tell you exactly what I do for clients – not as a sales pitch, but so that you may be able to take some of this away and apply it in your life.
7 Mistakes Investors Make
We all make mistakes – I know I’ve made my share. But for some reason, when it comes to investing, we are prone to repeating our mistakes – over and over. I think it’s because the “lesson” we tell ourselves we learned isn’t the right one.
Rely on the Wisdom of the Crowd
If we invest in a market-like portfolio, with wide diversification and diligence around our appropriate asset allocation, we can predict the return it will provide fairly well. It takes planning to ensure we can do everything we want given the realistic returns we can expect from such a strategy.