Last week we covered several essential steps in the 100-level course on financial planning and strategy. If you overslept and missed the bus and class, read part one here. Today, we’ll discuss some 200 & 300 level planning strategies that tie things together....
Imagine a big yellow bus arriving in your neighborhood. This bus is not here to take the kiddos to school, nope it’s here to take you and your neighbors to financial planning and strategy class. So, do you get on the bus with your significant other? Do the Joneses...
This summer I’ve been thinking about the clients we serve. Who are they, what characteristics they share, and how may we enhance our planning experience. All companies, regardless of size or industry, should seek to identify their best or ideal clients. Why? It’s...
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...