Why Investing Doesn’t Need To Be That Complicated

Investing Doesnt Need To Be That Complicated

That’s right, investing doesn’t need to be that complicated. I don’t care how convoluted and confusing your financial advisor makes it sound, it truly doesn’t have to be that way. Like anything, though, you can get as deep down into the weeds as you want, but when it comes to a good investment strategy, you really just need to know the basics to create a good plan.

While you may not want to manage your investments yourself simply because of interest or time (feel free to call me), just know that if someone put a gun to your head, you could do it. I’m by no means trying to downplay the importance a financial planner plays when it comes to investment management, but there’s so much more in your personal financial life than just investments – which they should be helping you with.

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These Four Things Could Surprisingly Kill Your Personal Finances

These could kill your finances

We all know the old saying, “What you don’t know can’t hurt you.” But what does that even mean and where the heck did it come from? I can tell you for certain it definitely doesn’t apply to the world of finance.

In my world, what you don’t know can definitely hurt you. And, as bad as this is going to sound, a lot of the biggest banks in the world were built from people “not knowing.” Whether it’s hidden fees, even if they are legal (no offense, Wells Fargo), or paying interest, these seemingly little things can add up to a lot of money over time.

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How Do I Invest My Money?

How I invest my money

If you had a chance to read my blog from last week, you were enlightened to my worst investment ever. Not exactly a story I like to talk about and, for some reason, I thought I’d just tell the whole world about it—like I mentioned, probably not the best way to attract potential clients as a financial advisor.

Today, however, we’re going to take a look at what I’ve learned over the years and find out exactly how I invest my money for the various goals my wife and I share. While I wish I could tell you I have some kind of crazy system that involves algorithms and lots of other cool sounding stuff, sadly, it’s really not that exciting.

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My Worst Investment Ever

Worst Investment Ever

We’ve all made bad choices in life when it comes to money and even me, as a financial advisor, falls right into that category as well. Granted, I’ve learned a lot of what to do, but that still doesn’t mean I haven’t made my share of mistakes when it comes to investing.

Everyone has some kind of “worst investment ever” story and that goes for just about every other financial advisor too. Believe it or not, we tend to think we’re really smart and only pick winners when it comes to investments—but, bold brutal truth, we’re not. If your financial advisor is telling you differently, then I’d start looking for another one.

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Can the Stock Market Just Keep Going Up?

Can The Stock Market Just Keep Going Up

This has to be one of the most common questions I get asked on a daily basis. It doesn’t matter who I’m talking to, inevitably the question comes up. However, if you know me as a financial planner, I am by no means a market prognosticator nor do I profess to be some kind of stock market guru.

Nonetheless, managing my client’s investments is part of my job, so I expect to have these types of questions. Now, whether I answer it in a black and white way is yet to be determined. On the one hand, the stock market has always gone up looking at it long-term, however, over the short-term, the market experiences all kinds of ups and downs.

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How to Become Your Own Financial Advisor

Become Your Own Financial Advisor

Like it seems for just about every service profession today if you want to go the DIY route and figure it out for yourself, just Google it and you’ll be on your way. I swear I think there is a YouTube video for just about every DIY project you’re attempting to do around the house, with some being easier than others.

While it’s not quite that easy when it comes to managing your finances or becoming your own financial advisor, it can still be done. As long as you have the time and willingness to learn, you certainly can go at it yourself. Many people handle their personal finances themselves and do a great job.

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The Worst Things About Working with a Financial Advisor

Financial Advisor Worst Things

As much as I try and paint the picture of how awesome it is to work with a financial advisor, there are a few unpleasant things that come with the territory—I know, I know, hard to believe.

We definitely try to make the experience as pleasurable as possible, but sometimes it just isn’t always rainbows and unicorns. We can be a little annoying at times asking for all the information we need. Difficult discussions come with the territory, and critical decisions have to be made about one's financial life—and that means sacrifices might have to be made in order to achieve one's goals.

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A Few Things I Don’t Really Like About Being a Financial Advisor

Dont Really Like About Being A Financial Advisor

In my last blog post, we took a look at a few of the reasons why I love my job as a financial advisor. Some of you may have been rolling your eyes about the joys I get to experience every day, but now we get real and look at a few things I’m not exactly a big fan of as a financial planner.

That’s right, it’s not always roses and unicorns every day. Sure, I do love what I do, but there definitely some things I could do without. These are only my views and don’t reflect the views of NextGen Wealth. This is me getting to the down and dirty you probably won’t hear from most advisors.

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What I Love About Being a Financial Advisor

Love Financial Advisor

Being in this type of industry can certainly have its ups and downs, but that really can be said for any industry. There are a number of things that are in my control, but then there’s also one big one that I can’t control—the stock market.

Once I learned to focus on the things that I could control with my clients, it certainly made for a more pleasant experience for everyone even though the stock market does like to test our patience every once in a while.

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What I’ve Learned about People from being a Financial Advisor

Financial advisor lessons 1

When I got into the world of financial services over 16 years ago—wow that seems odd saying—I really had no idea what I was getting into. It wasn’t like this was always my passion or I always dreamed of being a financial advisor when I grew up.

Like most people graduating from college, I was truly just looking for a job. Sure I was somewhat interested in the financial markets because of the tech boom of the late 90’s, but I didn’t know what it meant to be a financial advisor. I thought it was going to be more like what I was watching on CNBC, but that was far from the truth.

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