Intelligent Investing Book Signing at The Tattered Cover

Author & LPL Financial Advisor, Steve Booren, will host a conversation and book signing event at the Tattered Cover at Aspen Grove in Littleton.

Workshop Series: Get Fed

As women we are no strangers to stress. We juggle countless plates, everyday, often at the same time. So we’ve created a workshop series by women, for women, built just for you.

Improving Investor Behavior: Strengthen Your Financial Superpowers

Note

This article originally appeared in the Denver Post, July 21, 2019.

My son and I were in the car driving to the store as he struggled to plug in his phone with a USB cable. He flipped the cable back and forth a few times before it finally slipped in. “If I had a superpower, I hope it would be to knowing which direction I should use when plugging in a USB cable.”

Over decades of advising families, I’ve studied their investment behavior. From those who made mistakes to those who succeeded, a list of significant practices naturally came to mind. These “superpowers” help make investors successful. They can’t leap over buildings with a single bounce or see into the future (though this could be a pretty good investment superpower), but they do manage to achieve better than average results, almost as if by magic. What are these superpowers?

Read more

Midyear Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the Markets

LPL Research Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the Markets is filled with investment insights and market guidance for the year ahead.

LPL Financial Research believes that even as investors face prospects for periodic bouts of volatility, emphasizing fundamentals will remain critical for making effective investment decisions. LPL Financial Research’s Midyear Outlook 2019 provides updated views of current fundamentals and factors that should persist as shorter-term concerns fade, and emphasizes four primary pillars for fundamental investing – policy, the economy, fixed income, and equities. As headlines change, look to these pillars and LPL Financial Research’s Midyear Outlook 2019 to help provide perspective on what really matters in the markets.

Read more about our forecasts and key themes in the full publication.

,

Improving Investor Behavior: Retire to What?

Note

This article originally appeared in the Denver Post, June 16, 2019.

If I asked you to define retirement, how would you describe it? Take some time and think about it. You’re probably envisioning white sandy beaches, trips to the golf course, and visits with family, free from the constraints of work and email. Sounds nice, right?

That’s how a lot of people see retirement. The belief is that upon reaching a certain age (usually around 65), retirement should be an expectation – a foregone conclusion. And once retired, people will get to enjoy “the good life” of unlimited freedom, time, and fun.

But when I’m asked to define retirement, I do it a little differently. I think back to 1996.  Read more

Improving Investor Behavior: The Positive Mindset of Investors

Note

This article originally appeared in the Denver Post, May 19, 2019.

Pessimism is poison for investors. Following national headlines would have you

believe we are moments away from catastrophe, teetering on the edge of sheer doom. It’s an easy narrative in which to engage, especially when we hear it every minute of every day. The problem is that repetition often convinces people, and once convinced, people tend to ignore logic. That is poisonous for investors.

If you’ve been following this column, you understand just how damaging emotions can be when it comes to investing. Emotions cloud judgment, muddy decision making, and create stressful situations. Now I’m not going to tell you everything in our world is great, but the reality is things are pretty good. Our world is arguably better than it has ever been.    Read more

Improving Investor Behavior – Managing Your Time Like Money

Note

This article originally appeared in the Denver Post, April 21, 2019.

As a financial advisor, I am typically hired by clients to help them manage their resources. Most often, these are financial resources including cash, investments, etc. Sometimes I help people to manage their business resources such as connecting professionals, encouraging action, and providing advice to help make sound decisions. But there is one resource that I help investors to consider, one that we all have, but tend to be terrible at managing.

That resource is time.

Read more

,

PRESS RELEASE: Are You Prepared for Volatile Stock Market Swings During Retirement? Steve Booren’s new book, Intelligent Investing, Shows You How

DENVER, Colo (March 5, 2019) – With today’s stock market swings, Steve Booren’s new book, Intelligent Investing: Your Guide to a Growing Retirement Income, will help readers understand how to retire intelligently. It will equip them with the knowledge needed to get started, as well as an easy to follow investment strategy.

Read more

,

Improving Investor Behavior – Doubt, Sold with a Smile

Note

This article originally appeared in the Denver Post, March 17, 2019.

Financial advice is usually broken into three steps. First, define your goals. Where do you want to go? Next comes a plan. This is the recipe for working toward your goals with actionable and measurable steps. Then comes implementation when you start your plan.

The first two steps lay out the “What” of your financial future; the last deals with the “How.” All too often investors make it through the first steps with optimism and progress, only to be led astray with the last. This is when experts, products, advertisements, advisors, and everyone else in the financial world tell you their way is best – and all the others? Well, they just don’t measure up.

Of course, this leaves investors with a problem. Who can you trust? Read more

Improving Investor Behavior – Know the “Why” for your Investments

Note

This article originally appeared in the Denver Post, February 17, 2019.

As financial advisors, we receive questions about all types of investments. Here’s one we recently heard:

I am a doctor, and many of my friends and fellow doctors are getting into real estate. There is a group that invests in local deals in our area, and it is easy. All I have to do is write a check (no property management, no upkeep, dealing with tenants, realtors, leasing agents, etc.). What are your thoughts on investing in real estate?

It could be a sign of the times or where we are in the economic cycle, but questions about real estate keep popping up, especially from investors in Colorado. This is a stark change from  2008 – 2012 when no one wanted to go near real estate. That’s when prices were inexpensive and investing in real estate made sense. Today, with prices up significantly, that’s not the case.

Before I can address whether real estate investing would be a smart thing for the doctor, I ask a few simple questions: Read more