Financial Planning, Investing, Millennials

Home Country Bias and Your Portfolio

Academic research suggests the foundation for a long term investment strategy is a globally diversified portfolio; statistics show the average investor is holding a domestically diversified portfolio. If the evidence from academic research is so strong, what is the disconnect between the evidence and investor behavior? Most investors suffer from a bias towards investing domestically; in the industry, we call this…

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Investing

Dow 20,000

If I want to make it from a wannabe to a true financial blogger, it’s imperative that I have a Dow 20,000 post in my archives! There will be no shortage of coverage of today’s milestone…my hope is to put it into perspective for my readers. It’s the day CNBC, newspapers/magazines, and financial pundits have been waiting for since late…

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Estate Planning, Financial Planning

Don’t Underestimate the Importance of Proper Estate Planning

In my profession, every once and awhile you come across a situation that makes you sick to your stomach…I just had one. Despite the number of red flags in this situation, my intent is not to critique another advisor’s strategy–I won’t have to because the flaws with the strategy will be obvious. Instead, I want to stress the importance of making…

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Economics, Investing

All-Time Market Highs: A Great Time for a Reminder

Exactly one month ago the fate of the United States was being decided, and initially the U.S. markets were pissed. The overnight futures signaled a bloodbath in the markets at the open; it was so negative, I did something I never do: I wrote a post in response to short term market activity. But then the unthinkable happened–the futures recovered, and the…

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Baby Boomers, Financial Planning, Millennials

The Right Type of Relationship with Your Financial Advisor

Recently, Barry Ritholtz wrote an article for The Washington Post that asked a simple question, “Do you need a financial advisor?” I am an avid reader of Barry’s blog (The Big Picture), along with his writings for The Washington Post, Bloomberg and other publications. I’m also a huge fan of what he and his colleagues are doing in the field…

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Economics

Shop Small

For more than 28 million small business owners, today is an important day; it’s Small Business Saturday. We all are aware of the deals at the big box stores on Black Friday and Cyber Monday, but on Small Business Saturday, the focus turns to the small businesses in our communities. And, it’s important to support your local small businesses. Since…

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Baby Boomers, Financial Planning, Insurance, Millennials

An Alternative to Traditional Health Insurance

Today we start with a disclaimer: This post is intended to educate readers about an alternative option to traditional health insurance, and it is not a recommendation. CONSULT YOUR FINANCIAL ADVISOR, OR OTHER FINANCIAL PROFESSIONAL, TO DETERMINE IF THESE ALTERNATIVES ARE A GOOD FIT FOR YOU. It’s November, which means it’s open enrollment for health insurance coverage in 2017. And…

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Uncategorized

Bullish On Financial Advisory Industry

It’s my last day in NYC, and it’s been an amazing trip. This was my first time here, and I enjoyed seeing as much of what the city has to offer as I could. Naturally, my first stop was Wall Street–no respectful finance nerd would go anywhere else first. After purchasing a CD and getting directions from an aspiring rapper…

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Uncategorized

Veterans, Thank You!

Like so many, I posted thank you messages on my social media this morning. I sent text messages to friends who are either active duty, or veterans to personally thank them for their service. I even got up at 5:00 AM to do the CrossFit workout “Murph” (look it up) in remembrance of those who lost their lives defending my…

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