Last time we covered some key elements to our annual review process with clients. We understand planning takes a lot of brain power and time, attempting to cover everything in a single meeting is not always efficient or effective for many busy clients. Spreading out...
As summer approaches our firm has just completed the first half of all annual plan reviews with our clients. Financial planning continues to evolve and encompasses a wide array of services, needs, and considerations. It’s been our experience that attempting to...
Traditional investment thinking has always viewed bonds and fixed income as a “safe” haven away from the volatility of equities. Equities, as we’ve discussed before, are thousands of companies (of various sizes) run by really smart men and women. These companies are...
There are many risks to assess in a financial plan. In my opinion, the most underappreciated risk is purchasing power risk as it often sneaks up on you overtime. Our brains view “risk” in a singular format and equate it to losing something. For example, I “lost”...
Now is a good time to reflect on current spending as we work and live from home. Spending in some areas may be up while other discretionary spending is likely down. It’s possible more cash has accumulated in your bank accounts as non-essential spending has declined...
Every professional and family needs a safety net to protect what is important to them. This “safety net” is unique depending on who you are, what you care about, and where you are in life. Life moves quickly and it’s important to ensure your safety net is keeping...
Financial planning is a lot like baking a cake or making a batch of cookies. Most recipes will use similar ingredients such as flower, sugar, and milk. However, there is still quite a bit you can customize, substitute, or make your own. Some of this comes in the...
We have covered the value of good financial behavior and the necessary traits that most successful investors share. The following represents action steps successful investors take to strengthen their long-term probability of success. Written Down Goals and...
In the last post, we listed ideal behavioral traits for what it takes to become a successful investor. Each trading day we are inundated with information (not necessarily knowledge) on how markets are performing. The daily message is different although the theme...
So, what does it take to become a successful investor? Big income, advanced degrees, studying financial literature, or trading your way to larger account values? Turn on the tv, radio or check your news feed and it’s easy to be influenced into thinking that this is...
We’ve covered the need for cash as part of your plan and providing your accounts a job description. Cash reserves and short term purchases should be accounted for before investing in equities. So what are equities? Equities are companies run by really smart women and...
In our previous posts, we’ve discussed the value of giving your dollars a job description, thinking about timing and first use, and the difference between risk and volatility. Currently, we’re witnessing extreme volatility and price movements in equity investments. ...