The following are principles that I’ve adopted over the years when managing various financial and life decisions for my family and also for clients. This is by no means a complete list, nor should it be taken as advice. Just some reoccurring themes that standout at...
When Flowerstone Financial was created 20 months ago, it was with the purpose to serve a limited number of client relationships. Leaving an environment of transactions and more for more sake, I was curious if a financial firm may be created and grown to serve a small...
Our neighborhood, probably like yours, has seen a lot of houses up for sale and then quickly under contract the past several months. It’s an exciting time to be a seller, pretty stressful if you are a buyer and want your contract to stand out among the crowd. ...
Dust off your bike and pump up your tires, this Friday, May 21st is National Bike to Work Day! Many of us are still working from home so biking into work may not be possible. That’s ok as riding around your neighborhood or exploring a new trail works just as well. ...
I’ve been pondering a question on the role virtual currencies play as part of a financial plan. I’m not speaking to a particular currency as there are over 6,000 choices. As more become available, what purpose do they serve in a planning context? Are they to be...
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...
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...
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...
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...
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...
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...
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...