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Financial Advice & Planning for
Financial Advice for
Millennials & Young Professionals
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
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/2019/12/worlds-worst-market-timer.jpg 929 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2019-12-16 14:50:262019-12-18 14:59:41Improving Investor Behavior – The World’s Worst Market Timer
Do you ever feel “the curse” of investing at precisely the wrong point? Like you invested too late, at the wrong time, or maybe you’re just unlucky? Let me introduce you to Bob – the World’s Worst Market Timer.
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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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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/2019/09/clock.jpg 646 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2019-09-20 11:21:462019-09-20 11:21:46Improving Investor Behavior: The Price of Time
Money is a resource; there can always be more of it. But time is finite, and there is no getting it back once it’s gone… or is there?
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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…
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 Booren2019-04-23 12:31:592019-06-18 12:10:16Improving Investor Behavior - Managing Your Time Like Money
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…
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 Booren2019-01-20 13:18:292019-06-18 12:11:00Improving Investor Behavior - Learn to Love a Falling Market
The financial markets have given investors quite a ride in the past few months. Not only have we seen a drop in the prices, but the volatility and multiple-percentage point days seems to have investors feeling a little seasick. The first thing…
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When you are stuck in traffic on the interstate, creeping along, do you find yourself wanting to switch from one lane to another? Do you glance to the left and see the “fast lane,” and are envious of how quickly they are moving? You look…
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
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
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.…
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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
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/2015/07/confusing_risk_and_volatility.png 425 760 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2015-07-01 17:32:382017-05-22 15:07:20Confusing Volatility and Risk
https://www.youtube.com/watch?v=YQrmzEwo_Cg I believe it is imperative for investors to understand the difference between volatility and risk. Though often used synonymously, these are two very distinct ideas. We think success can be increased…
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https://www.youtube.com/watch?v=Bbq1ck-bSTk In the last year, I’ve had the realization that there are far too many people living in the most financially impactful years of their lives who lack the necessary planning and guidance to make…
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https://www.youtube.com/watch?v=WqYGlBUN_Ns Why do you invest? It’s a simple question, but one so few people consider. Investors often fail to understand their reason for making investments, for saving money, or for what they invest in.…
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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/2013/11/post_college_financial_advice.png 425 758 Greg Horstman https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Greg Horstman2013-11-22 17:45:292017-05-22 15:11:39Getting Ready to Graduate? Post-College Financial Advice
https://www.youtube.com/watch?v=V8wBkORR3Gw When I think of what I would share with a recent college grad, saving comes first to my mind. When a person is young they have a distinct advantage – time. In the financial world, we use something…
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https://www.youtube.com/watch?v=dZUs-7kE_00 You’d be hard-pressed to find someone without a smartphone or tablet these days. Companies like Apple and Samsung have redefined how we communicate, what we rely on, and our ability to access information.…
https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png 0 0 David Morrison https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png David Morrison2012-09-07 21:05:402017-05-23 13:07:177 Money Musts for College Students
https://www.youtube.com/watch?v=K4LNvy9FfbU As the flurry of excitement winds down for those heading back to college, the realization starts to settle in: college is expensive. The costs don’t stop with tuition fees. From book costs to…