February 23, 2017
Tax Tip Tuesday Financial Blog Post

10 Facts to Know about Capital Gains and Losses

When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital gains and losses:
February 20, 2017

Lessons Learned on Presidents’ Day

One of the greatest lessons learned on Presidents’ Day comes from our 19th President, Rutherford B. Hayes. The former president set out to reconcile the division caused during the Civil War. As you can imagine, there was a great deal of angst and animosity among the American people. After spending several years at war with one another they hated each other. Hayes is actually one of the most hotly contested Presidents to ever take office. He narrowly won the popular vote and Electoral College over his opponent Samuel J. Tilden. One of his greatest obstacles, building his cabinet. In order to unite the country, he chose to bring people in from all over the country and not just the north as some expected. Hayes is actually credited with building the new Republican party in the South, the same Republican party Lincoln is associated with. The truth, this was such a challenge, even […]
February 17, 2017

Million Dollar Mistake

Last week I was meeting with a client, and we discovered a one million dollar mistake. Are you making the same mistake? Let’s dig in and find out. He’s investing $1,500.00 a month into his 401k. When we looked at his allocation – where he’s putting the money. He has all the money flowing into a target date mutual fund or a target date fund. What is a target date fund? Well, you’ve probably seen these in your 401k if you have one. They’re typically the fund that says like 2020 or 2025 or 2030. The idea behind a target date fund is the fund company, XYZ Fund Company, grabs a group of their investments, a group of their mutual funds typically, and wraps them in a pretty wrapper. That the closer you get to that target date of 2020 or 2030, then the mutual fund or that Target Date […]
February 16, 2017
investing mistakes to avoid

Investing Mistakes to Avoid

With the current market, investing is a risk no matter where you choose to place your money. Uncertainty is a key feature today, and it is just something we need to accept. However, that doesn’t mean making money from investing is impossible. In fact, more people are padding their net worth from investment opportunities than ever before.  Which suggest something else – rather than judging market fluctuations based on what we know; we need to reposition ourselves and learn it all over again. With that in mind, here are nine investing mistakes to avoid, so you can thrive in uncertain waters, rising above the competition. Trying to Perfect Your Timing – For years, we’ve heard the best way to make money is to time the market. By this, we mean buy when prices are low and sell while they’re high. Achieving this could make you lots of moola. The problem […]
February 14, 2017
Forbes Finance Council

Justin Goodbread Accepted Into Forbes Finance Council

Justin Goodbread, CEO of Heritage Investors, receives an invitation into the Forbes Finance Council. The invitation-only community is for executives in accounting, financial planning, wealth and asset management and investment firms. Justin joins other hand-selected Forbes Finance Council members, as part of a curated network of successful peers. Members get access to a variety of exclusive benefits and resources, including the opportunity to submit leadership articles and short tips on industry-related topics for publishing on Forbes.com.
February 8, 2017

Keeping Up with Market Returns

The media is great when it comes to reporting the everyday happenings in the world around us, even when it comes to keeping up with market returns. However, when it comes to reporting on financial matters, they can sometimes inadvertently scare folks away from working with a financial advisor. Over the last couple of weeks I took on two new clients, one of which we interviewed a year ago, that decided to go with a stockbroker prior to coming to us. One had a negative growth on a large seven-figure account. In that same period of time, the equity markets showed a 7% return. So this decision to work with someone who would prefer to time the market turned out to be a costly mistake for my new client, to the tune of a missed six-figure gain. Not Uncommon Unfortunately, that type of story really isn’t uncommon in my office. […]