Hang in There, Things Will Get Better | Paul Fain Several weeks ago, I (virtually) attended the Vanguard Advisor Symposium. Sidebar: One of the unexpected silver linings to the COVID pandemic has been access to great meetings without the hassle and expense of air travel and hotels. The event kicked off with a presentation…
Risky Business | Suzanne Himes, CFP® Why do we talk so much about risk assessment? The financial markets are always reacting to a variety of global events and this volatility can be unnerving for individual investors, especially if investing without first understanding one’s personal risk profile. So, how do you begin to decide how much…
Silver and Gold! By Steve Carlson “Silver and Gold! Silver and Gold! How do you measure its worth? Just by the pleasure it gives here on Earth!” – Sam the Snowman from Rudolph the Red-Nosed Reindeer I can’t help but think about Cornelius the prospector from the Rudolph movie when people ask about investing…
What Should I Do With My Money? It Depends… | Paul Fain, CFP® From the perspective of personal financial planning, the answer to many of life’s complexities is, “It depends.” Of course, we all prefer black and white answers to important questions. But “It depends” fails to give us any certainty of outcomes. Here are…
Basic Investing Building Block #3 By Steve Carlson and Jonathan McAlister How can you reduce investment risk? Diversification! Diversification in investing is a technique whereby you allocate your money in different financial instruments, industries, etc. By doing so you reduce your risk by limiting your exposure to any single company. Simply put: Do not…
How Will the Presidential Election Impact My Financial Plan? | Paul Fain Consider these election headlines: “Should you hoard cash before the election?” “This election could help make or break your retirement.” “The nastiest election of our lifetime.” “A Trump win will tank the market.” Were these headlines published last week? No, they are all…
The Power of Giving | Jonathan McAlister “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime”. In my time at Asset Planning Corporation, I have seen this quote above lived out by my coworkers. I have seen them give…
5 Tips to Prepare for Market Turbulence | Paul Fain Many investors are switching their concerns from the coronavirus to the stock market. If the resurgent virus forces a new economic shutdown, and if everyone is forced to stay-at-home again, will the stock market take another 30% hit? Of course, the bottom line is:…
What you think you know, but you didn’t until you needed it… by Kathy Patty For the past few years, I have been taking care of my mom. In July of 2017, she fell and broke her hip and was in rehabilitation for two months. Then about six months later, our family noticed her…
Use the Pandemic as a Test Drive for Retirement | Paul Fain Unless you are an essential worker, you have probably spent most of the last three months sheltering in place at home during the COVID pandemic. If you are a sales or client service worker, or consultant, or computer-based worker, or the like, it…