Feed Your Focus. Starve Your Distractions

As investors there are thousands of things to distract us from our goals and the plans we create in an effort to accomplish them.  Daily living, marketing, and the widespread adoption of mobile devices and social media have made it increasingly difficult to remain focused.  Often, it is difficult to even know where to focus, much less maintain it over it time.  But I’ve come up with a little reminder that I like to review from time to time, and I want to share it with you.

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The Crystal Ball of Context

The advisors at Prosperion don’t make short-term market predictions – you see, we don’t have a “crystal ball”. Like you, we aren’t sure when the next market correction (or major upswing for that matter) is going to happen. But we can say with certainty that one will happen… eventually. The challenge is in dealing with the interim, where emotion can override logic. For these moments, I think it is wise to look back on history, for it provides a context one is unlikely to find in newspapers or on TV. Context is what gives me pause and offers a staunch reminder that we’ve been here before and that this time really isn’t all that different.

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For These Financial Areas, Emotion is More Important Than Logic

Money is hard.

Take it from us, we are honored to have very intimate, fragile conversations with clients like you every single day. And if you’ve been a part of those conversations, you know that it can be very emotional.

Sometimes we think myopically that money is just about numbers—it’s spreadsheets and calculators. All we need to do is be completely rational and figure out how to get the most out of an investment. But that’s not all money is.

You may have heard the phrase: “Personal finance is a whole lot more PERSONAL, than it is finance.” There is so much truth in those words.

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Ladies, Use These Tips to Give Your Financial Confidence a Boost

I recently came across an article titled, “Warren Buffet invests like a girl.”  As a female financial advisor, I wasn’t sure if that was a compliment or jab.

Reading deeper into the article- they explain women, like men bring some gender-linked qualities to investing that can actually help.  Women tend to do their research, invest calmly, and exercise patience.  These are all great attributes to sticking to a long term plan.

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Mid-Year Outlook 2017 – A Shift in Market Control

Mid-Year Outlook 2017

The LPL Research team proudly presents Midyear Outlook 2017: A Shift In Market Control. Thus far in 2017, an important shift has taken place in this economic cycle. The Federal Reserve has shown increasing trust that the economy has recovered and that market forces can keep it steady. The gauges say growth engines and market drivers may have changed: power down monetary policy, power up business fundamentals, and potentially take fiscal policy and economic growth off standby.

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With Markets at All-Time Highs, is Now a Good Time to Invest?

It’s a fair question and one we’ve heard a lot lately with the DOW and S&P continuing to push into record territory. Our little bull market has grown up and is about to start third grade. We’re due for a correction right?

Maybe. Maybe not.

Our crystal ball is broken, and as our friends in the compliance department like to remind us, past performance is not indicative of future results. Looking out at the world today gives me plenty of reasons to be optimistic about the market. Combine this positive perspective with a steady approach to investing, a healthy understanding of volatility, and our belief continues to be one of consistent habits and a calm attitude.

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The Right Perspective

Today I want to address what I believe is the very core for successful financial behavior – an optimistic disposition.

2016 is a great example of why it is so important to have an optimistic perspective. The optimists “won” and pessimists “lost”… again. Whether attempting to follow financial folklore such as, “as the first week of January goes, so goes the market for the year”, or that saying “sell in May and go away”… speculators who believe in superstition and let it influence their actions are bound to fail. This pessimism is bad behavior, and it happens far too often. The constant belief that the world is about to end isn’t good for your finances, and I imagine takes a toll on your health as well.

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2016 Taught Us These 3 Lessons

If 2016 has taught us anything, it is to expect the unexpected. So as we wrap up a rollercoaster of a year, I find myself looking back to three surprises and the lessons they taught us. In the same way the bottom of a cup is revealed only when the liquid is quickly stirred, sometimes it takes a whirlwind of the unexpected to remind us of a few simple truths.

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The 3 Paychecks of a Modern Retirement

On November 29th, the oldest living person in the world, Emma Morano will turn 117. Based on my research she is the last living person to have been born in the 1800s. While some people might marvel at all she’s seen and been through, I ‘m curious about what she did during her more than 50 years in retirement.

With life expectancies continuing to grow, from about 69 in 1970 to almost 79 in 2012 here in the U.S., this examples illustrates my point: I think the traditional picture of retirement will look very different in the coming years. Palm trees and Pina Coladas are fun for a little while, but 50 years of it would surely drive many of you insane.

With our dividend strategy we aim to keep checks coming for clients, because we believe in a steady growing income. But there are two other “paychecks” I encourage clients to pursue as well.

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Introducing Prosperion Planning

Introducing Prosperion Planning, the new service from Prosperion Financial Advisors. Learn more at www.prosperionplanning.com

We built Prosperion Planning specifically to help younger families get on the road to financial independence. A service to help them during a time in their lives when making small choices may add up to a big impact. We wanted to make it accessible, valuable, and affordable so it fits within a monthly budget, just like Netflix or a gym membership.

We learn about their needs and priorities and provide advice specifically for their situation. Whether it’s adding to the family, changing jobs, building a business or any number of complicated life decisions, we’re there to help guide them through each turn that life takes.