Best Financial Life

Empowering You to Live Your Best Financial Life

Our expertise in financial, investment, and retirement planning will guide your path to financial fulfillment.

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 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!

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.

Protect Your Assets by Understanding Your Exposure

Many of my clients originally reached out to me because they have a lot of company stock and don’t understand what it is or when to sell it. They are aware they lack “diversification,” but don’t know what to do about it—or if diversification is a big deal at all.

I Just Sold Some Stock—Now What?

You’ve finally pulled the trigger, selling a chunk of your company stock and leaving you with a pile of cash sitting in your brokerage account. What now? Now you have a pile of cash and need to know what to do with it. Let’s talk about that.

How to Manage Your RSUs

Running on autopilot can be dangerous. If a pilot’s course is off by 1 degree traveling from San Francisco to New York, they will end up 40 miles out in the Pacific Ocean. Likewise, if you don’t recalibrate your financial autopilot settings, you’ll miss your destination of financial security.

Unlocking the Power of Diversification: The Key to Financial Success

It is unfortunate, but to understand why diversification works, we must understand a little math. This mathematical magic is the key to constructing a portfolio that your well-thought-out financial plan deserves: a beautifully diversified investment strategy!

Why SVB Is Important For Your Portfolio

On March 8th, SVB was trading at $267 per share. By March 10th, you couldn’t give your SVB stock away. Investors lost $16 billion in 2 days. It’s easy to say, in hindsight, that it couldn’t happen to you, but there are some 8500 employees who just lost tens of millions of dollars in their company stock.

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