https://prosperion.us/wp-content/uploads/2020/03/cycle-of-market-emotions.jpg 434 1010 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-03-20 11:55:122020-03-20 12:45:41Timeless Truths & The Cycle of Market Emotions
Timeless Truths & The Cycle of Market Emotions
Just 30 days ago, on Feb. 18th, markets were at all-time highs. Today, fear grips the market and recession is at the top of every financial pundits’ mind. Benjamin Graham, said to be one of the best investors of all time, and a mentor to Warren Buffett reminds us: Control what you can control: yourself, your emotions and your response (or behavior) to those emotions.
https://prosperion.us/wp-content/uploads/2020/03/panic.jpg 816 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-03-12 09:10:342020-03-12 09:10:34Improving Investor Behavior – Investing in Panic
Improving Investor Behavior – Investing in Panic
A lot can change in 30 days. One short month ago, markets were knocking on the door of all-time highs, businesses were doing well, and Joe Biden was behind several candidates in the Democratic primaries. Oh, how things change quickly. Very…
https://prosperion.us/wp-content/uploads/2020/02/rollercoaster-e1582906425919.jpg 825 1496 Administrator https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Administrator2020-02-28 09:19:222020-02-28 09:20:02A Note to Clients on Virus Volatility
A Note to Clients on Virus Volatility
As I’m sure many of you are aware, this past week has been a difficult one for investors. The broad market indices have seen swift and dramatic drops, leaving many scared, confused, and upset. Make no mistake; it is moments like these that define all of us as investors. Fear is an emotion, and one that can quickly snowball into an all-out panic. We’ve often said your behavior as an investor will ultimately have a far greater effect on your outcome than when or how you are invested. This is one such moment.
https://prosperion.us/wp-content/uploads/2020/01/steve-booren-forbes-top-advisor.png 1328 2732 LPL Financial https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png LPL Financial2020-01-31 08:45:262020-01-31 08:45:26PRESS RELEASE: Steve Booren Recognized in Forbes as a 2020 Top Wealth Advisor in Colorado
PRESS RELEASE: Steve Booren Recognized in Forbes as a 2020 Top Wealth Advisor in Colorado
DENVER, Colo. — January 30, 2020 – Steve Booren of Prosperion Financial Advisors was recently ranked No. 26 in Colorado in the 2020 Best-In-State Wealth Advisors list published by Forbes. According to Forbes, the annual list spotlights…
https://prosperion.us/wp-content/uploads/2019/12/sp500decade2.jpg 2060 4000 Administrator https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Administrator2019-12-18 13:25:512019-12-20 11:19:29The Decade in Review
The Decade in Review
As financial advisors we’re constantly advocating for investors to maintain a long-term view. We consider it to be fundamental, not only as an example of good investor behavior, but as a way of minimizing the emotional toll of “riding the rollercoaster”. But what does it mean to have a long-term perspective? How long is long enough?
https://prosperion.us/wp-content/uploads/2019/11/tv-picture.jpg 755 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2019-11-20 13:22:122019-11-20 13:22:12Improving Investor Behavior: Investing time now will pay dividends later
Improving Investor Behavior: Investing time now will pay dividends later
The average American spends more than 85 hours per month watching TV. The same person will likely spend about 265 hours sleeping and 228 hours working. Know how much time they’ll spend working on their finances? About 1.8 minutes, (yes, that works out to 96 seconds) per day.
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Improving Investor Behavior: The Sharp Knife of Compound Interest
As investors, we seek to understand and control compound interest. Like the knife, when used correctly, compound interest is a powerful tool. Even better, the three variables behind compound interest can be put to work for anyone, regardless of income or amount saved.
https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png 0 0 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2018-08-19 12:58:332019-04-08 13:01:50Improving Investor Behavior – The Prosperity Mindset
Improving Investor Behavior – The Prosperity Mindset
Wealth is a mindset. In my years as a financial advisor I’ve worked with many wealthy individuals who have everyday-type jobs. From bus drivers to teachers, entrepreneurs to an administrative assistant at the Chamber of Commerce, I’ve…
https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png 0 0 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2018-05-18 12:41:052019-04-08 12:43:33Improving Investor Behavior – Make Steady Savings Your Strategy
Improving Investor Behavior – Make Steady Savings Your Strategy
There’s $15 on the line, and your buddy is stepping up to a 10 footer for a birdie on the 18th hole. It’s a slippery putt, but not slippery enough. As he takes his shot, human nature kicks in. “Miss it, miss it,” we say to ourselves.…
https://prosperion.us/wp-content/uploads/2017/07/tvbaale3jqw.jpg 720 1280 Nelisha Firestone https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Nelisha Firestone2017-07-20 14:08:162017-07-20 14:21:11Ladies, Use These Tips to Give Your Financial Confidence a Boost
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.
https://prosperion.us/wp-content/uploads/2016/05/social_media_investing.png 425 758 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2016-05-18 20:36:372017-05-22 15:06:59Social Media – Helping or Hurting Your Investment Behavior?
Social Media – Helping or Hurting Your Investment Behavior?
During a recent client meeting we ended up on the subject of social media, and the effect it can have on a business. Unfavorable press coverage led to an echo of bad news on social media among this client’s customers, and it was continuing to harm his business with no end in sight. I was curious about the public’s persistent reaction, and why he believed the story was still in the news cycle many weeks later. Was his customer base being fickle? Were competitors spreading false and redundant stories? His response: social media. Once a key marketing strategy for his company, social media has quickly turned into a sore spot.
https://prosperion.us/wp-content/uploads/2016/04/future_of_denvers_skyline.png 426 758 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2016-04-19 20:23:002017-05-22 15:06:51The Future of Denver’s Skyline
The Future of Denver’s Skyline
Explore the unique history of Denver as told by one of its eminent urban planners Ken Schroeppel. Why did Denver take the shape it did? What will it look like in the next 10 years? Why is the traffic so darn bad lately? Ken will explore all of these ideas and more as he walks you through new projects helping to shape the face of Denver and how past initiatives contributed to our wonderful city. This workshop was originally presented at Prosperion EDU 16.
https://prosperion.us/wp-content/uploads/2014/12/towel_over_the_treadmill_approach.png 426 758 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2014-12-02 17:32:122017-05-22 15:07:37The “Towel Over the Treadmill” Approach
The “Towel Over the Treadmill” Approach
https://www.youtube.com/watch?v=Lfawd_krr_E In the book Thinking, Fast and Slow author Daniel Kahneman famously describes how people are generally loss averse when it comes to money decisions: “Losses loom larger than gains. The…
https://prosperion.us/wp-content/uploads/2014/02/5_investing_principles.png 425 759 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2014-02-24 20:53:372017-05-22 15:07:51Back to Basics – 5 Investing Principles
Back to Basics – 5 Investing Principles
https://www.youtube.com/watch?v=BnjtzOVuQoU If January taught us anything, it was that 2013 was truly an exceptional year for the equity market averages. Falling uncertainty, solid corporate earnings, and a rebounding economy all contributed…
https://prosperion.us/wp-content/uploads/2013/10/new_baby_checklist.png 716 1277 David Morrison https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png David Morrison2013-10-24 17:24:082017-05-22 15:11:13The New Baby Financial Checklist
The New Baby Financial Checklist
https://www.youtube.com/watch?v=tZPHWXuqJqc Congratulations, you are expecting an addition to your family! I have just one word for you – Ka-ching! Babies are expensive – we had 4 of them so I know this first hand. Here are some must-do…