Power of Diversifying Your Stock Portfolio: Balancing Risk and Growth
As the saying goes, do not place all your eggs in one basket. This is perhaps one of the most important lessons when discussing investment management and retirement planning. (This post will solely cover diversifying stock positions and we will be releasing a post...
May 2020 – Market Update
The Stock Trader’s Almanac has famously said: “Sell in May and go away!” The idea is that while the stock market may be positive, it is the least seasonally strong during this six-month period of time each year on average. We must always keep in mind that past...
April 2020 – Market Commentary & Business Update
ReminderYou have until July 7th to contact us if you’d like to contribute into an IRA so you can write it off on your tax return. In addition, we can help you with tax prep! Please call (586) 459-5340 to find out how much we can save you on your tax preparation...
Understanding Roth vs. Traditional IRA: What’s Best for Your Retirement?
Our last two blogs discussed the importance of saving for retirement through our discussion of Time Value of Money, and we also touched on how to budget appropriately for these savings within our Budgeting 101 post. Now, we will be discussing the differences between...
March 2020 – Special Market Update
Market Update We’d like to start off with some positive news, the whole country and economy is NOT shut down. Most people were at work today and can work from home if need be. China looks to be improving and we’re receiving guidance daily from our state and federal...
March 2020 – Market Update & Commentary
IRA Contribution Reminder: You have until April 7th to contact us if you’d like to contribute into your Roth IRA, or Traditional IRA so you can write it off on your tax return. In addition, we can help you with tax prep! Please call (586) 459-5340 to find out how much...
Budgeting 101: A Simple 5-Step Guide to Managing Finances
The first step towards a successful financial future is creating a budget. Without a budget, there is no foundation for a financial plan. This article is going to discuss our 5-step budgeting process as well as highlighting some of the common issues we see. ...
February 2020 – Market Commentary
Reminder: Tax Season is Here! Wouldn’t it be nice to just have your financial advisor walk all of your investment paperwork down the hall to your tax preparer? What if you didn’t even have to schedule a meeting and you had an option to handle it all through...
Time Value of Money: Why a Dollar Today Is Worth More Than a Dollar Tomorrow
Most people recognize the phrase, “a penny saved is a penny earned.” And while this quote is typically considered as a way to view savings vs. spending, this phrase actually explains this article’s topic as well. In terms of investing, a penny invested could grow and...
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