Wiser Wealth Management Blog

Financial advisor advice
Fiduciary

Are you getting good financial advice?

You go to a financial advisor looking for advice. What you hear might sound good, but how do you know the advice is genuine and not focused toward selling products with higher fee incentives? An advisor with a sell focus versus advisory focus will generally suggest products like annuities, mutual funds and managed accounts. These products have little focus on in-depth planning and long-term benefits for you as the client. When it comes to good financial advice, there are many ways to spot an advisor

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wealth
Fiduciary

Wealth management isn’t just for the wealthy

With over nineteen years in the wealth management industry, I have noticed that most of the clients I help do not consider themselves wealthy, yet their net worth is above the average in the US. This makes me think that people do not consider using a financial advisor because they do not consider themselves wealthy. The word wealth has many definitions related to abundance and riches, but the origin of the word translates as well-being and prosperity. We define wealth management as making the most

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Research & Economic Commentary

Will there be a recession in the next year?

If you’ve watched or listened to the news recently, you may believe a recession is inevitable in the next 12 months. Between the escalating trade war with China and slowing global growth, rumors of a recession are everywhere. Although the recent 2 year/10 year yield curve inversions have spooked the markets, Vanguard doesn’t expect a recession in the next 12 months. According to Vanguard’s recent market prospective, all signs point to central banks lowering interest rates again in 2019, with the magnitude dependent on the

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Market Jitters
Personal Finance

Avoid Short-Term Market Jitters

Avoiding short-term market jitters is important when managing your portfolio.  Vanguard released a simple chart recently showing how exiting the market in December 2018 would have affected the value of your portfolio. A hypothetical 60% stock/40% bond portfolio valued at $1 million on November 1, 2018, would have lost almost $57,000 by Christmas Eve. Then the investor is faced with the challenge of determining when to invest back into the market. It is important to remember that investing in the market is always a risk,

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Dollar Cost average or lump sum
Personal Finance

Dollar Cost Average or Lump Sum Investing – Here’s our Take

Do you dream about the day you win the lottery or inherit a large sum of cash from a long lost relative you didn’t know you had?  Or, are you planning to contribute to your child’s college 529 plan and ask yourself, should I contribute a lump sum today or contribute monthly to the plan?  Although we’ve never had a client win the lottery, we do have clients that have inherited or have a larger sum of money they want to invest. At this point,

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Fiduciary

Say No! to the Annuity Salesperson

Indexed Annuities are a Bad Deal I found a website the other day that promises to teach you about indexed annuities in seven free lessons on “strategies the rich use to buy indexed annuities.”  (Notice they don’t say “benefit”.)  The lessons cover the basics of fixed indexed annuities, so-called safety nets, strategies and concepts, planning tools, and a demo on how to choose the right mix of annuities. The lessons aren’t openly available – you have to register with your name, phone number, email, age,

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Personal Finance

Don’t Let Short Sightedness Hurt Your Portfolio

Investors focus on short-term market performance despite saying they are long-term investors.  Don’t let short sightedness hurt your portfolio. While downturns seem terrible, in the long-term, it is just a blip. Avoid the emotional decision to make changes in correcting markets, focus instead on your financial goals. December of 2018 brought extreme market volatility to any portfolio holding equities. This volatility brings many interesting conversations. Many start with, “if I had known this was happening, I would have sold and bought back later” or “I

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Debt & Credit

Equifax Breach – What you need to do

How to protect yourself after a breach. As you may already know, personal information for over 143 million Americans was exposed with the recent Equifax data breach. We have listed out the next steps you should take to protect your identity. First step: Visit www.equifaxsecurity2017.com to determine if your information has been compromised. Click on the Potential Impact button. Enter your last name and the last 6 digits of your social security number. It will then tell you whether your information was impacted in the breach or not.

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Research & Economic Commentary

The Best Benchmarks for Every Asset Class

The Best Benchmarks for Every Asset Class (Literally All of Them) Benchmarking your portfolio performance is crucial for a couple of reasons. First, it provides a starting point for your financial advisor/portfolio manager to gage your risk-tolerance and return expectations. Second and more importantly, it gives you a basis of comparison for your portfolio performance against the rest of the investable market. Benchmarks come in all different shapes and sizes, with some tracking certain segments of the stock market like the S&P 500 Index to

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Research & Economic Commentary

You’re Doing Commodities Wrong: In Favor of Global Natural Resource ETFs

Before exchange traded funds (ETFs), investing in commodities meant either opening up an account to trade futures contracts or holding physical natural resources like gold and oil. Now, with assets in global ETFs recently passing the $4 trillion benchmark, it has never been easier for retail investors to gain access to broad commodities exposure at a very low cost through global natural resource funds. This is especially beneficial for investors seeking new opportunities to diversify their portfolios since the equity market rally that has taken

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