July 5, 2021

What Is the Average Cost of Hiring an Investment Advisor to Manage $1,000,000 or More?

I recently received a listener question that I’m all too familiar with. Over the past twenty years or so, of my career, I’ve fielded one question thousands of times. It’s been asked in a variety of different ways but it all comes down to the same basic point. I’ve even had a few close friends, who have never needed the services of a financial advisor, suddenly come into windfalls that are now prompting them to ask this question. The question? What is the average cost of an investment advisor? More specifically, what is the average cost of hiring an investment advisor to manage $1MM or more?
June 15, 2021

Should Business Owners Go “All In” On Cryptocurrency?

Cryptocurrency has become a fashionable asset over the past few years. However, many people don’t truly understand it. In fact, I recently had a business owner call me to ask if they should go “all in” on cryptocurrency. Hence, the title of this entry. Now, I told this owner not to place 100% of their money into cryptocurrency (“all in”), but that doesn’t mean it can’t have a place in your investment portfolio. With today’s entry, I’m going to try to explain an extraordinarily complex subject in financially simple terms. So, get comfy. There’s a lot to unpack here.
February 17, 2021

Financially Simple Investment Strategy

Does your CFP(R) publish their investment strategy? We do.
February 11, 2021

Wall Street – Love It or Hate It, Business Owners Need It

Wall Street can be a polarizing subject. Some make it their hobby, keeping tabs on each day’s market movements and trying to strike it rich with the next big thing. Others, like Occupy Wall Street, view it as a symbol of greed, excess, and corruption. However, when it comes to business owners, there is a love/hate relationship with the financial icon. In today’s post, I’m going to explore this relationship and reveal why business owners need Wall Street.
December 3, 2020

Assuming An ROI for Your Wealth Gap Calculations

Whenever we talk about calculating our retirement wealth gap, a common question comes up. This is the question of investment assumptions. What should we assume for our ROI when making these calculations? This can be a complicated issue because one of the ways to find the answer is to look at historic data across market indices.
December 1, 2020

How to Calculate The ROI of Investment Property

As we continue our deep dive into bridging the retirement wealth gap, I want to take a look at a subject that affects so many of us. There are so many people who deal with this type of asset that it is one of the largest types of asset holdings in the investment world. I am speaking, of course, of real estate. Up to now, we’ve tackled how to calculate our wealth gap, business ROI, and even taxes at the time of sale. But in today’s entry, we will focus on how to calculate the ROI of investment property.
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