Advisors

By now, even your grandmother probably knows what a bitcoin is. If that’s not a sign of something going mainstream, I don’t know what is. As a financial advisor, I’ve found it interesting these past months to talk about bitcoin in a professional setting. When I do, I always explain that, no matter how exciting
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Sam Edwards/Caiaimage | Getty Images A dose of healthy fear is good for investors, even during bull markets. The year 2017 was a good year to be an investor. The Dow Jones Industrial Average just passed through the 24,000 level for the first time ever. The S&P 500, a broader measure of the market, finished
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A financial plan is more than just a budget, reviewing your investment gains/losses or even having a 180-page document that sits on a shelf or in a drawer. Your financial plan should be a living and breathing document. We have met with many clients over the years that have let us know they already have
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With growing concerns about hedge fund returns and structure, interest in hedge fund conversions has spiked. These funds, typically offered in the form of a mutual fund, provide entree to a proven strategy and management team that most investors wouldn’t otherwise have access to. But, just how are these funds converted? And what are the
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Financial advisors are finding it beneficial, in various ways, to include life coaches and counselors into their operations. Some advisory practices are referring out or contracting with these professionals, while others are developing them from within. “So much of my job includes conversations that are more life-oriented than financial,” said Doug Kobak, certified financial planner
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The age-old diversification strategy of reducing risk by moving more into bonds won’t work so well in a rising interest rate environment, as this may increase risk rather than decrease it. So, many are looking for other means of diversification. Increasingly, they’re considering alternative investments — broadly defined, anything other than stocks or bonds. The
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“This is just the beginning,” said Eric Mancini, certified financial planner and wealth advisor with Traphagen Financial Group. “It’s only in the last couple of years we’re seeing any sustained push from [private equity] companies.” In fact, according to Bloomberg, “private equity is trying to cut out the middleman — namely, the brokers at big
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When clients ask advisor Phillip Christenson about health-care planning, he admits he has no idea how health care will look when they’re ready to tap funds. Therefore, he runs a few different scenarios, analyzing how much they will need if health-care costs inflate by 10 percent or 15 percent or more. “There’s no real answer,
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Cryptocurrency proponents argue that the digital coins are a safe investment because they have a “zero correlation” to the stock market. As a result, a dose of cryptocurrency makes investors’ portfolios less volatile. “We’re starting to see bitcoin as a disaster hedge to the traditional market,” said Chris Burniske, co-author of Cryptoassets: The Innovative Investor’s
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Despite the doom-and-gloom predictions about the future of big-box retail that are dominating headlines lately, some analysts are bullish about select real estate opportunities and those brick-and-mortar retailers with high customer-satisfaction and engagement ratings in the coming year. “The death of retail has been exaggerated,” said Jay Rollins, managing principal of JCR Capital, which invests
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Before you retire, give your health-care financial plan a checkup. “The plan you have today may not be the one you want to carry into retirement, because it may be cost-prohibitive to do so,” certified financial planner Ron Carson, founder and CEO of Carson Wealth Management Group, told CNBC. A healthy 65-year-old couple retiring this
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