At Positon Wealth, financial well-being is our passion. Our handpicked team, vision for the future, and wealth of experience have made us exactly what we are today. Our team is expanding into your market and we’re interested in your team joining us. Get to know us and let us show you first-hand what we can do. Let’s talk about how this collaboration can benefit both you and your clients.
So, check this out…59% of Gen Zers and 56% of Millennials get their investment information from social media. However, a majority (56%) of those that give the advice (the finfluencers) have “negative skill”, underperforming average investment returns by -2.3% per month, or -27.6% per YEAR!* You wouldn’t trust Dr. Google to give you medical advice. So, why would you trust Instagram Advisor to help you make investment decisions?
Social media is here to stay, and unfortunately a large group of unlicensed financial hobbyists have grabbed your attention, with millions of followers in tow. It’s no surprise that finfluencers are now on the radar of the SEC and FINRA (the 2 largest U.S. financial regulatory bodies). But because the SEC and FINRA are primarily focused on licensed professionals, these unlicensed hobbyists have largely flown under the radar. So, it’s very easy for them to give “hot stock tips” with little consequence.
How we as licensed financial professionals can use social media is highly regulated. The laundry list of what we can’t say on social media is long, primarily because we don’t know who our audience is going to be. i.e. How can we recommend a stock to someone whose entire financial picture we don’t intimately know? So, if you follow someone who gives “hot stock tips”, rest assured the advice you’re getting is likely garbage!
Our advice to you is to know who you’re following, and to know that investing isn’t one-size-fits-all. Everyone has different goals, time horizons, and risk tolerances. If you need customized, regulated advice from licensed financial professionals, please contact us for a free consultation. We’re here to help!
*”Finfluencers”. Swiss Financial Institute Research Paper, May 3, 2023. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4428232
You may either be an armchair golfer watching The Masters or an avid league player about to tee it up at your local course. Either way, there are lessons that can be taken from the golfing world which can be applied to your investment and retirement planning strategy.
If you need an experienced and disciplined financial coach in your corner, please contact us for a free consultation. Golf lessons are optional.
No, you’re not really a dummy. We just needed a catchy title! We actually discuss index benchmark performance with our clients all the time. Despite the problems of using indexes as a measure of investment portfolio success, the feedback from clients is often the same: “But how did we compare to the S&P 500, NASDAQ, Dow Jones, etc.?”.
So, while we cater to client demand to show index benchmarks, we also disclose the numerous problems with it:
Diversification: If your portfolio is properly diversified across all stock and bond sectors, it’s nearly impossible to benchmark. There are 11 sectors of the stock market and 4 sectors of the bond market, each with underlying asset classes. If you own 100% U.S. large cap stocks, then there’s a case for benchmarking vs. the S&P 500. Otherwise, you can forget about it.
Benchmark Weighting: The NASDAQ is a stock index made up of the largest 100 tech companies. The largest 7 companies now make up FIFTY PERCENT of the index!
The Dow Jones Industrial Average only contains 30 stocks: If you have a solid financial game plan and own a diversified risk-appropriate portfolio, then there shouldn’t be any need to compare to the indexes.
There’s no need to compare!: If you have a solid financial game plan and own a diversified risk-appropriate portfolio, then there shouldn’t be any need to compare to the indexes.
If you’re in need of a financial game plan, or want to know if you’re properly diversified, contact us for a free consultation.
Rational people understand that stock market performance will be based on sound economic fundamentals such as corporate earnings, interest rates, inflation, and GDP.
Irrational people believe the opposite: that political agendas, campaign promises and hypothetical policies will.
We want to set the record straight: There’s a mountain of evidence going back to 1950 that proves that presidential elections have had very little impact on the market. In fact, the data suggest that more volatility happens in the year leading up to presidential elections than it does after the elections. To us, that’s a clear sign that a decent percentage of investors are using emotions and personal agendas in planning for something that will likely never happen.
We hate to break it to you: There are huge discrepancies between ideas pitched on the campaign trail and actual policy changes that take place after election day. With that in mind, why would investors continue to make decisions now based on future hypotheticals? (Pssst…remember that 2nd line about irrational people?)
Of course policy changes happen. But they happen in both directions. So it’s crucial that you come to terms with this, set aside politics, and focus on what’s most important: the long-term financial well-being of you and your family.
If you need a rational voice to help you out, contact us for a free consultation.
Have you ever felt like you’re paying more taxes than you should? Well, you’re not alone! Uncle Sam has a way of making even the most profitable investments feel like a loss. But what if there was a way to ease your tax burden on these winners? That’s where tax-loss harvesting comes in, a strategy that allows you to offset your gains with losses.
Think of it like this: imagine you’re a farmer and you’ve had a bad year. Your crops have withered and you’ve lost a lot of money. But then you remember that you have a giant pile of manure sitting around. So, you decide to sell the manure to a fertilizer company. Now, you’ve turned your loss into a gain!
Tax-loss harvesting is similar. You sell your losing investments to offset your winners, lowering your taxable income. And just like the farmer, you’ll have more money in your pocket to do with as you please.
Here are a few tips to get you started:
If you’re not sure how to get started with tax-loss harvesting, contact us for a free consultation.
Happy Harvesting!
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