Investing

How to Stay Steady when the Stock Market is Anything but

The last nine-and-a-half years have been a fairy tale for Wall Street. We are living in a time of record upon record highs, and a seemingly endless bull market. However, this story has not been without its drama.  In fact, since the start of the bull market in March of 2009, the US stock market has seen 23 pullbacks greater than 5% and last week marked the 8th of more than 10%, which is considered a market correction.  So while the stock market’s roller coaster of an October isn’t abnormal, the scent of vulnerability seems to be increasingly fresh.

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7 Things Dave Ramsey has Wrong

Let me start with this: I like Dave Ramsey. I think he gets a lot right. I’ve taught his curriculum, Financial Peace University (FPU), many times over and believe that it is the best tool out there for those with limited financial knowledge or who are struggling with debt. Whenever I teach the class, however, I will cringe during certain lessons. I find myself qualifying the teachings by sharing my own opinions with the class. 

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What Should I do if I Receive an Inheritance?

We are on the eve of the greatest transfer of wealth in history. Most baby boomers are now well into retirement age and are finalizing decisions about their will or estate plan. As a result, the coming years will see an unprecedented amount of money being passed down to younger generations in the form of an inheritance. Families receiving an inheritance need to plan carefully in order to avoid some of the common pitfalls.

Here are some important tips to keep in mind:

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Investing for Millennials

Investing for the first time can stir up myriad of emotions. First time investors often feel overwhelmed, anxious, and confused. If this is you, you’re more than likely experiencing at least one of two things. Either you don’t have the know-how to get started, or you don’t believe you have the means to begin investing. Worry not. This article is for you, as well as anyone else wanting a high-level introduction to the world of opportunity that investing opens.

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Six Things I Learned from my Encounter with Warren Buffett

Warren Buffett has amassed over $70 billion primarily through investing. Few argue against the fact that the 86 year old is the greatest investor the world has ever seen. I recently had the opportunity to spend an entire day listening to him and absorbing knowledge.  The occasion, Berkshire Hathaway’s shareholder meeting, drawing over 40,000 to CenturyLink Arena in Omaha, Nebraska.  As you can see in the cover photo that I snapped, to say that Buffett is a celebrity at this event would be an understatement.

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How Refinancing Student Loans May Change Your Investment Strategy

Nearly 50 million Americans have student loan debt. Ask any one of them and they can tell you something far more enjoyable they’d rather do with that monthly payment. Dubbed a national crisis, student loan debt has created an opportunity for a new wave of social finance lenders to shine. Private lenders like SoFi, LendingClub, CommonBond, and Earnest are all over social media (and now TV) boasting five-figure savings and fairytale endings.

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10 New Year's Resolutions to Improve Your Financial Situation: Part 2 of 2

Last week I shared five New Year’s resolutions to improve your financial situation.  Today I share five more.  My hope is that one or two of these resolutions will aid you in stewarding your resources in a more meaningful way.  

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Should Rental Property Be Part of Your Investment Portfolio?

Clients often ask me about whether it would be wise for them to own a rental property (or properties) as a part of their long term investment portfolio.  Although, in general, I think that saving into a diversified portfolio of stocks and bonds is the best tool to build wealth over time, I think that there are many instances when owning a rental property can be a wise financial decision.  When helping my clients determine whether purchasing a rental property is right for them, we usually begin by considering the advantages and disadvantages of this type of investment.  

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