Are You Investing for Yourself, or Are You Investing for Your Legacy?

Traditionally, financial advisors tell their clients, “Don’t take any more risk than is necessary to achieve your goals.” Following that advice, when you turn 70, 80, or 90-years-old, you should move your money into conservative investments with guaranteed low returns rather than keep your money in riskier investments that could potentially provide higher returns. Essentially, advisors say that it’s more important to protect your money at that age than to double it. Yet, is that always true? Is this conventional wisdom ever flawed?  Should you stop making any potentially risky investments when you reach a certain age? Well, you will find the answer to that question by asking another: Are… Read More

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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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Why Timing the Market a Terrible Idea

Recently, one particular client was looking for someone to help them reach their goals before retirement. With a seven-figure portfolio, he has done quite well for himself. But he was now interviewing for help, and a few brokers in town and us. They decided to go with another firm. Now, let’s fast forward about eight months.  I receive a phone call early January of this year, and now the person said, “Hey Justin, I need to sit down and talk with you because I made a mistake”. Well, that’s not something you hear from a prospect. I said, “In what way did you make a mistake?” He said, “Well I went… 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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Bitcoin 101 – What is It and Should I Invest in It?

The word virtual is defined as “being such in essence or effect though not formally recognized or admitted.” Each and every day the world we live in, especially in this rapidly changing digital age, seems to move further and further away from the concrete and closer to the virtual. The recent surge in Bitcoin is, even more, evidence of the movement. If you’re like so many others and ready to jump on the Bitcoin bandwagon, make sure you understand it before you dive right in. Bitcoin is a cryptocurrency—virtual money—that is traded with no physically backing. There is no actual currency to be handled. Despite the picture you see as… Read More

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Active Trading and The Perils Surrounding It

Gambling on purchasing a new washer when you see the latest price drop may make you a winner when it comes to saving money on a new appliance. However, when it comes to investing, that strategy, active trading or day trading, may not be your best option for winning. Some financial advisors can give a great sales pitch on why you should buy and sell securities for short periods of time. Basically, you are buying and selling stocks on a regular basis. The goal is to take advantage of short-term movements in price on investments that are in higher demand. More often than not though, active trading and the perils… Read More

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10 Real Estate Investing Tips You Must Know

If you’re looking for real estate investing tips, you’ve come to the right place. I have personally owned investment real estate for years.  With that comes the good, the bad and the ugly and I’m not talking about the movie. If you’re like me, learning more real estate investing tips is a must so you can be a better investor. So before you launch into the world of real estate investing, here are a few items you’ll want to consider.

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