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The Motivation of Prize and Uncertainty

Innovation often serves as a boost to an economy. After all, it tends to be a driving force behind the creation of new markets and the growth of existing ones. But innovation isn’t something that can be bought and sold… or is it? If we look through historical examples a trend emerges; great innovation comes about as the result of an incentive or prize.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Long Term Perspective in a Short Term Focus World

The challenge in today’s market is a matter of perspective. For many it can be hard to ignore the constant clutter and loud volume of media analysts pitching today’s hottest stock. It seems like every economic data point is over-analyzed, over-interpreted, and over-emphasized.

Then there are the privileged few; the “clairvoyant” investors who must know something the rest of us don’t. But are they really using a crystal ball or are they just sticking to their plan? I think their secret is a long-term perspective.
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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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How to Stay Ahead of the Investing Curve

Here’s a quiz question: Why did the average investor see a 3.5% return while the U.S. stock markets averaged annual returns of 7.8% over the past 20 years?*

The answer is simple, the average investor bought high and sold low.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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The Constitution’s Limiting Principle

Those who followed last week’s Supreme Court arguments on President Obama’s health care law got a lesson in Constitutional Law. While the scope of the three-day hearings was breathtaking it is disheartening as we likely will not hear the outcome until June.  While legal issues dominated the conversation, economics also came into play. The question: Is the market for health insurance so unique that the federal government can penalize someone for not buying it.

This is no small matter. The federal government has never before required citizens to buy a private good or service. If the Federal Government could force people to buy something, as Justice Kennedy said, it would “fundamentally change the relationship between the individual and the government.” If it can make us buy health insurance, what Constitutional principle prevents it from making us buy something else?

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Press Release: Steve Booren Ranks High on Barron’s List for 2012

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LOCAL FINANCIAL ADVISOR NAMED IN BARRON’S TOP ADVISOR RANKINGS
Prosperion Financial Advisor Named to Barron’s List

 

Prosperion Financial Advisors’ Steve Booren was the highest ranked financial advisor in Colorado with total assets under management of less than $500 million according to a Barron’s 2012 Top Advisor Rankings.

This is the fifth consecutive year an advisor from Prosperion has placed in the top ten in Colorado.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Our Three Principles of Trust

As I was reading the New York Times I came across an article that concerned me. Titled “Why I Am Leaving Goldman Sachs,” the article was written by Greg Smith, the firm’s former executive director and head of United States equity derivatives business in Europe, the Middle East and Africa. It describes in detail why he chose to leave such a decorated position at the company.

“To put the problem in the simplest terms,” Smith said, “The interests of the client continue to be sidelined in the way the firm operates and thinks about making money.”

That’s a bold statement coming from an employee who spent almost 12 years working for one of the largest financial service firms in the world. But it highlights an important issue: can financial firms, advisors or anyone with ties to Wall Street be trusted with your life and financial future? Do they really make clients their number one priority?

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Seven Steps to a Responsible Financial Game Plan

Of the 11 million homeowners who owe more on their homes than the home is worth, approximately 6.5 million have never missed a payment reported Dale Westhoff of Credit Suisse Group AG.

Meanwhile subprime borrowers who received mortgage modifications (like reduced payments of more than 40%) in 2010 had a payment default rate of 19% after only 12 months, said Laurie Goodman, an analyst at Amherst Securities Group LP.

It seems backwards.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Companies: Earnings 16% Better, Same Price

US companies measured by the Standard and Poor’s (S&P 500) have had about a 16% increase in their earnings, yet prices are about the same as they were a year ago. Hard to believe right?

Many US Businesses are performing at an exceptional level. Companies have innovated to grow their top line sales by approximately 11% (revenues) in a relatively flat economic period. Whether through lower prices or higher value, customers are buying more goods and services. What’s more amazing is many companies have figured out how to get more profit (the “babies milk” of a company) out of each dollar of sales. Personally I believe this is through the use of technology, innovation and entrepreneurship.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Leadership by Hyperbole

hyperbole – hy-PUR-bə-lee – an exaggeration to create emphasis or effect.

Washington’s latest legislation – the one extending the payroll tax cut for 2 months – could be one of the worst pieces of legislation ever passed.

Republicans supported the bill thinking they would lose votes if they didn’t support something. Democrats got their payroll tax cut and extended unemployment benefits -they will call this a “stimulus” and take credit for growing the economy.

So for once it’s not due to political party differences – democrats and republicans are working together. The House even passed this epitome of political nonsense by unanimous consent.

But when looking at the bill from an economic point of view it doesn’t make sense. Each of its five parts exposes a problem inherent with Washington, not necessarily what the bill aims to fix. Let’s look at them one by one.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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Watch Shoppers – Not CNBC…

Watch what people do not what they say. Sales for the full first weekend of holiday shopping – Thursday through Sunday – are up 16.4% versus a year ago according to the National Retail Federation. The American economy is not going to fall off a cliff – consumers are showing the way.
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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post. He was recently named a Forbes Top Wealth Advisor in Colorado.

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