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Better decisions

Better decisions

Making the right decisions on where you invest takes a process.  It requires goal clarification, evaluating risk and reward, understanding cashflows and liquidity, having a known time horizon, and of course taxes.  Asking yourself four fundamental questions before you...

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Mistakes with cash

Mistakes with cash

There are 3 common financial mistakes families and professionals make when managing their cash.  In no particular order they are: Holding too much or too little Chasing a return or yield Lumping all your cash in one account Last April, you may have wished for more...

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How much time do you have?

How much time do you have?

How much time do you give your investments to grow before making changes to your portfolio?  According to recent studies, the average holding period on equity based mutual funds is just over 3 years.  Why so short?  My guess is that most investors are impatient and...

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Book club suggestion

Book club suggestion

I just completed reading The Price You Pay for College, An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make, by Ron Lieber.  This book was released earlier this year post pandemic and provides a tremendous amount of insight into the...

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Mistakes with cash

Busted Bracket

Well, I’m completely cooked, my bracket is toast after the first round of the NCAA tournament!  Filling out your bracket with your favorite picks is a fun gamble that may or may not pan out.  Quite the opposite of financial planning which allows for more inputs in...

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Perspective

Perspective

A year ago, this week the S&P 500 index was hovering around 2,400.  This index tracks the largest and most successful companies in America.  After achieving an all-time high of 3,300 in February 2020, this index quickly contracted by 30 percent in the span of 30...

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My best investments

My best investments

When you think of your best investments, does a particular stock, collectable, digital currency, or real estate come to mind?  For me, I believe my best investment is my health.  As we mark the one-year point into this pandemic, it’s difficult at times to recall how...

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Mistakes with cash

Spend your dough 

Much has been written about saving, investing, and planning for tomorrow.  What is discussed less in written form is how to spend all those dollars you’ve saved.  How you formulate your spending decisions is very personal.  Even so, there seems to be fewer guidelines...

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Building Trust

Building Trust

Trust is important in any relationship.  In a financial planning relationship, it’s essential.  Without trust it becomes impossible for the client and I to collaborate.  Trust is not one sided though, it’s a two-way street.  Both the client and I need to believe and...

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Investment choices for college

Investment choices for college

My oldest son, a junior in high school, took the ACT exam last weekend.  Where did the time go?  It seems like the elementary school years last forever only to fast forward once high school arrives.  This has me thinking about investments that will be responsible for...

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