December 14, 2017

Can Your Portfolio Stand a Market Correction?

No talent! That expression sums it at all up this week! That is literally all it takes to predict what the stock market is going to do from one day to the next! 
August 21, 2017
Fiscal Lessons to be Learned

Financial Lessons to be Learned from The Great American Eclipse

Millions of Americans traveled far and wide just to enjoy “The Great 2017 American Eclipse” as it’s been dubbed! The eclipse is darkening portions of our country, within a 70-mile wide radius stretching from Oregon to South Carolina experiencing totality. That’s the moment when the sun is completely blocked out by the moon, and the only part of the sun you can see are the gasses of its atmosphere. Depending on when you read this, it may have already happened, or you could still be anticipating the phenomenon.
August 16, 2017
My Personal House

Do Extra Mortgage Payments Really Help?

When it comes to paying your mortgage everyone knows you can save money on the interest by shelling out a little more and applying it to the principal. That means additional principal payments benefit you later on, right? You may also view one dollar today as the same dollar tomorrow. However, that’s not technically true. It depends on how much and why you spend it. If that seems a little confusing, let me break it down a bit more for you.  That way you’ll know how much you really are or are not saving. Paying Extra on the Mortgage Let’s look at an example of what I’m trying to say. Here are some assumptions we’ll make. Joe Average secured a $300k mortgage for a 30-year term at 5%. He decided to pay an extra $30 each month to save himself in the long run. In doing so, Mr. Average shaves just over a year, 14 months actually, off his mortgage, thereby saving $13,458 in interest. Not bad. What if he doubled that $30 to $60? At that point, his home would be paid off just shy of 28 years. This time he’s saved $25,560 in interest. That’s almost double the […]
August 7, 2017
hired a financial planner

Why I Hired a Financial Planner

Why I Hired a Financial Planner One of my favorite Warren Buffet quotes is, “Lethargy, bordering on sloth should remain the cornerstone of an investment style. This year we neither bought nor sold a share of five of our six major holdings.” The second richest man in the U.S. is advising us that investing should be boring. Basically, he wants to remind us that there are two major factors to achieving success. The first is time. The other is allocation. Both of which are on your side. And considering his successes, mimicking his investing style probably isn’t a bad idea.