How can you reduce investment risk? Diversification! Diversification in investing is a technique whereby you allocate your money in different financial instruments, industries, etc. By doing so you reduce your risk by limiting your exposure to any single company....
finances
How Will the Presidential Election Impact My Financial Plan?
Consider these election headlines: “Should you hoard cash before the election?" "This election could help make or break your retirement." "The nastiest election of our lifetime." "A Trump win will tank the market.” Were these headlines published last week? No, they...
The Power of Giving
“Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime”. In my time at Asset Planning Corporation, I have seen this quote above lived out by my coworkers. I have seen them give their time and resources to people with no...
5 Tips to Prepare for Market Turbulence
Many investors are switching their concerns from the coronavirus to the stock market. If the resurgent virus forces a new economic shutdown, and if everyone is forced to stay-at-home again, will the stock market take another 30% hit? Of course, the bottom line is: “No...
What You Think You Know
For the past few years, I have been taking care of my mom. In July of 2017, she fell and broke her hip and was in rehabilitation for two months. Then about six months later, our family noticed her memory was slipping. In December of 2018, she was diagnosed with lung...
Use the Pandemic as a Test Drive for Retirement
Unless you are an essential worker, you have probably spent most of the last three months sheltering in place at home during the COVID pandemic. If you are a sales or client service worker, or consultant, or computer-based worker, or the like, it was probably fairly...
Basic Investing Building Block #2
Investing can be complicated to the average “Joe or JoAnn.” However, having just the simplest knowledge of what it is and how it works can help you manage your money with confidence. Let’s break it down in a way that makes it easier to understand. This is the...
To Convert or Not to Convert? That Is the Question!
What am I talking about, you ask? Roth conversions. What is a Roth conversion? A Roth conversion is taking all or part of an existing traditional IRA and moving it into a Roth IRA. The main difference between a traditional IRA and a Roth IRA is that traditional...
Is It Time to Change Your Investment Strategy?
Uncertainty is a fact of life. With uncertainty comes fear. Without a doubt, the global pandemic has escalated uncertainty and fear in our lives. Learning to cope with uncertainty is essential to a resilient life. But how do we do this? Some thoughts: Have a financial...
APC Then and Now
It was 1972; a 33-year-old Kemp Fain had discovered and joined a pioneering effort to professionalize “financial planning” as a field of study and service. Subsequently, he became the first enrolled student for the Certified Financial Planner designation and went on...