Tag Archive for: Steve Booren
Finding Financial Happiness, Part 1
Every three years, the Federal Reserve publishes a report about the finances of US families. Based on data and interviews, the triennial “Survey of Consumer Finances,” “…collects information about family income, net worth, balance sheet…
Don’t Overthink It
With January behind us, how are your New Year’s resolutions going? Mid-February is typically when gym attendance returns to normal, as people remember how hard it is to maintain healthy habits. But goals aren’t limited to the gym; many make…
The Value of a Sale
Did you partake in any Black Friday sales last year? The annual shopping event following Thanksgiving, named black Friday for its ability to get retailers “back into the black,” had retailers concerned in 2023. With prices rising everywhere…
Is Your Home an Investment?
The former home of Groucho Marx, the cigar-chomping, round-glass wearing comedian of the 1920s, is up for sale in Long Island, New York. For the low price of just $2.3 million, you too could own the five-bedroom, 3,800-square-foot home built…
45 Years, 25 Lessons
A few weeks ago I attended the retirement party of someone I’ve called a dear friend for over 49 years. Long ago, we were both young financial advisors chasing similar career paths. We even migrated to independent businesses around the same…
Where Were You 50 Years Ago?
October 2023 marks the 50th anniversary of one of the most tumultuous months in American history. Do you recall the events of October 1973?
October 6, 1973 – On Yom Kippur, the most sacred day in the Jewish calendar, Arab states led…
Forecasting: An Illusion of Knowledge
Have you ever tried shaking one of those magic eight balls found in the toy aisle? You know the gist: Ask a random but important question like, “Will the Broncos win the Super Bowl this year?” Then get a generic answer like, “Ask again…
The Problem with Pessimism
With markets improving and the overall economy strengthening, why is everyone so negative about our country’s current financial state? By many measures, I believe our economy is far better than people’s sentiment toward it.
The last two…
Financial and Time Independence: What’s Your Score?
My business coach, Dan Sullivan, often speaks of freedoms. It’s his belief that entrepreneurs create and own businesses primarily for the freedom to conduct business in their own unique way. They often aren’t seeking freedom “from”…
Own or Loan? Equities vs. Bonds
With interest rates on the rise, we’ve had an uptick in people asking us about bonds and whether it makes sense to re-evaluate fixed income in a portfolio. For readers of my column, you might remember that I’m not a fan of bonds for one…
Quit Beating Yourself Up
Netflix has a new documentary chronicling the Bernie Madoff story. My wife and I aren’t the biggest TV watchers, but we started the series at the recommendation of a friend. If you haven’t heard the name, Madoff was the architect of arguably…
PRESS RELEASE: Steve Booren Recognized in Forbes as a 2023 Best-in-State Wealth Advisor
DENVER, Colo. — April 18, 2022 – Steve Booren of Prosperion Financial Advisors was recently ranked No. 31 in Forbes’ 2023 Best-In-State Wealth Advisors list.
According to Forbes, the annual ranking spotlights the nation’s top-performing…
Two Lessons from History
As a child, I found history class to be an insufferable bore. The study of people well before my time in circumstances far different than anything I would likely encounter seemed like an act in futility. But age brings wisdom, and as a chronologically…
The Balance of Trust and Anxiety
At the time of its construction, the Brooklyn Bridge was one of the largest structures the world had ever seen. Opening in 1883 to connect Brooklyn with Manhattan, it was twice the size of any other suspension bridge. But the then-modern marvel…
Are the Markets Singing a Familiar Tune?
Just over 50 years ago on January 11, 1973, while Carly Simon was on the radio singing her new number-one hit “You’re So Vain,” the S&P 500 closed at a then all-time high of $120.20. Unbeknownst to the U.S., many things were about…