Starting saving the right way, right now.
Financial Advice & Planning for
Financial Advice for
Millennials & Young Professionals
https://prosperion.us/wp-content/uploads/2020/09/i-voted.jpg 830 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-09-21 15:07:462020-09-22 12:07:49Improving Investor Behavior: Keep Politics Out of Your Portfolio
With the election a short 45 days away, the news stream is unrelenting. Political TV ads, postcards, and of course those phone calls during the dinner hour - it’s an all-out media assault designed to convince you that if the “other guy”…
https://prosperion.us/wp-content/uploads/2020/07/investing-blindspots.jpg 737 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-07-20 13:08:012020-07-20 13:16:22Improving Investor Behavior: Blind Spots & Confirmation Bias
We talk a lot about perspective in this article. Our perspective is the lens through which we view the world. It is our way of framing everything we see and ultimately defines how we react to what life throws at us. We believe what we believe…
https://prosperion.us/wp-content/uploads/2020/06/getting_back.jpg 776 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-06-22 13:16:072020-06-22 13:18:10Getting Back to Better
My goal as a parent has always been to build a better future for my kids, and to give them opportunities that I didn’t have. Whether that’s financial, educational, personal, or whatever it may be. It’s an essential part of my “why.” I think deep down there’s a part of us that wants our kids to be better than we ever were. To me, that’s progress and hope. It’s an innate and immeasurable desire - to want our tomorrow to be better than our today.
https://prosperion.us/wp-content/uploads/2020/04/american-mask.jpg 500 1200 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-04-15 10:24:592020-04-15 10:24:59Improving Investor Behavior: An Unintentional Sabbatical
Has it been a month already? In some ways, this feels like the longest 30 days many have ever experienced. For others, it seems to have gone by way too quickly. When much of the world is committed to staying home and avoiding COVID-19, time…
https://prosperion.us/wp-content/uploads/2020/03/fire-drill.jpg 500 1000 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-03-27 09:48:462020-03-27 10:09:57Fire Drills and Why We Do Them
Every meeting we have with clients includes a line item on the agenda: Fire Drill. What would you do if the market dropped significantly tomorrow? What would that look like for you? For years now it has felt like an unnecessary discussion…
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
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
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
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/2020/02/campbells-soup.png 667 1000 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2020-02-18 14:43:022020-02-19 11:46:11Improving Investor Behavior – Campbell’s Soup & Rising Income
Cold winter weather means it is soup season here in Colorado, and none feel more familiar than Campbell’s Tomato Soup. Campbell’s tomato soup is an excellent benchmark for understanding the impact of the persistent enemy of all investors: inflation. For more than 100 years, the size hasn’t changed, but the price sure has. About 45 years ago, in 1974, the soup cost about $0.12 per can. Today, it retails for about $0.87 per can. That points to an average inflation rate of 4.3 percent. Forty-five years may sound like a long time, but that’s about the length of a typical retirement.
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
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
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.
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
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.
https://prosperion.us/wp-content/uploads/2019/11/sharp_knife_of_compounding_interest.jpg 747 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2019-11-01 13:00:112019-11-01 13:00:11Improving 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/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?
https://prosperion.us/wp-content/uploads/2019/07/superheros.jpg 476 1000 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2019-07-22 12:19:352019-07-22 12:19:35Improving Investor Behavior: Strengthen Your Financial Superpowers
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…
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 Booren2018-09-16 13:03:242019-04-08 13:05:35Improving Investor Behavior – Fear of Missing Out
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.…
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?
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…
https://prosperion.us/wp-content/uploads/2014/07/millionaire_in_the_making.png 425 763 John Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png John Booren2014-07-25 17:34:102017-05-22 15:07:39Now Available: Millionaire in the Making by John Booren
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…
https://prosperion.us/wp-content/uploads/2014/06/investing_for_income.png 424 760 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2014-06-10 20:18:402017-05-22 15:07:43How to Invest for the Goal of Growing Income
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.…
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
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…
https://prosperion.us/wp-content/uploads/2013/05/8_best_financial_apps.png 425 760 John Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png John Booren2013-05-21 21:43:212017-05-22 15:11:04The 8 Best Financial Apps for Money-Conscious People
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…