Understanding How Personal Risk Tolerance Affects Investing Strategy

If you enjoy roller coasters, then perhaps you’ve enjoyed the last few days and months of the stock market. However, if you’re like many others, then watching the seesaw of events affect your portfolio could be causing you some sleepless nights. With the Christmas Eve drop and the after Christmas rebound of the market, now may be a great time to check your risk tolerance. What exactly is risk tolerance? I know you’ve heard that term. In fact, you may have even taken an online assessment to help you determine your own risk tolerance. Simply put, risk tolerance for most people boils down to this: “How much should you have in… Read More

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Five Essential Money Moves for First Time Parents

One of the most joyful life-changing game and event for a couple’s financial plan is the birth of their very first child. However, you will learn quickly that “kids ain’t cheap!” In this article, we will give you my suggestions for great money moves for first-time parents like yourselves.  Saving and Budgeting First, when starting to prepare for your baby expenses which certainly are inevitable, you’ll need to evaluate what your monthly budget looks like as at now. You need to perform what we call cash flow analysis which helps you break down your monthly income, your fixed and variable expenses and your monthly savings. You need to identify some… Read More

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You Are Not a Financial Stereotype – Are You Treated Like One?

Who do you suppose you are to your financial advisor? Chances are you are less a person than a “type”. Maybe you’re the corporate manager who takes risks. Maybe you’re the single parent struggling to build a college fund. Maybe you’re the middle-aged couple who must take care of ailing parents. Whatever the details, what you are not is a unique individual. It has been my experience, that many financial advisors rely on a handful of investment models to cover the life circumstances their clients find themselves in. They have created six, or eight, or ten portfolios intended to encompass a broad range of circumstances and personality types, and their job… Read More

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Need Advice on Money? Tips for Picking the Right Financial Expert

When it comes to your health finding the right doctor can be a daunting task. You’d obviously prefer an MD to someone that’s taken few medical classes in college. You want to make the best choice possible to ensure you stay in good condition, so why should the health of your finances be any different? It shouldn’t, which is why it’s so important to understand what the driving force behind the financial expert you’re turning to for advice can really offer you. Here are four common “experts” most people approach when seeking financial recommendations.

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