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https://prosperion.us/wp-content/uploads/2022/02/flaw-of-inflation.jpg 620 1200 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2022-02-22 15:33:392022-02-23 11:08:21The Flaw of Average Inflation
The flaw of averages is the idea that plans made based on average assumptions are wrong on average. As an example, think about the statistician that drowned while crossing a river that was, on average, three feet deep.
https://prosperion.us/wp-content/uploads/2022/01/equity-comp-understanding.jpg 682 1500 Danny Kellogg https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Danny Kellogg2022-01-19 14:05:432022-01-19 14:28:39Understanding Your Stock Compensation Sure is “Something”
Have you ever ignored doing something you knew that you should do? What “something” immediately came to mind when I asked that question? Its OK. We all do it. Maybe that something you're ignoring is uncomfortable to face, maybe it's boring,…
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Congratulations! If you’re reading this article you’ve likely been offered some form of equity compensation. Perhaps as a new employee, business partner, or the like. While this compensation isn’t as straightforward as a simple number…
https://prosperion.us/wp-content/uploads/2021/09/building-confidence.jpg 912 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2021-09-21 12:08:102021-09-21 12:08:10How Do You Measure Your Wealth?
How do you measure your wealth? Most people assume there are two typical ways. The first is a simple money calculation that takes everything you own, subtracts everything you owe, and that formula gives you your net worth. Simple. Others say wealth is not a measure of the money one has but of the intangibles such as relationships, time, health, etc.
https://prosperion.us/wp-content/uploads/2021/07/deciding-on-enough.jpg 604 1200 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2021-07-20 10:46:532021-07-20 10:49:21Improving Investor Behavior – Deciding on Enough!
At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informed his friend author Joseph Heller that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular…
https://prosperion.us/wp-content/uploads/2021/02/forbes-top-advisors-steve-booren.png 1292 2658 LPL Financial https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png LPL Financial2021-02-23 11:27:472021-02-23 11:27:47PRESS RELEASE: Steve Booren Recognized in Forbes as a 2021 Best-in-State Wealth Advisor
DENVER, Colo. — February 11, 2021 – Steve Booren of Prosperion Financial Advisors was recently ranked No. 34 in Colorado in the 2021 Best-In-State Wealth Advisors list published by Forbes. According to Forbes, the annual list spotlights…
https://prosperion.us/wp-content/uploads/2021/01/world-is-temporarily-closed.jpg 868 1500 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2021-01-05 13:48:002021-01-05 13:48:00Improving Investor Behavior – Hindsight in 2020
They say hindsight is 20/20, and as we make the year 2020 hindsight, it's a good time to reflect. What did we learn? What surprised us? How can we use our past to make our future bigger and better? It was former Secretary of Defense Donald…
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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”…
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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/cares-act-highlights.jpg 500 1200 Administrator https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Administrator2020-04-03 10:11:442020-04-03 12:02:25Highlights of the CARES Act
Late last week the senate passed and the President signed the CARES stimulus package designed to, among many things, curb the financial turmoil created in the wake of the Coronavirus. This $2.2 trillion, 800+ page legislation offers meaningful…
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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.
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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/2020/01/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/2019/06/beach_view.jpg 446 1000 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2019-06-17 14:01:432019-06-18 11:55:25Improving Investor Behavior: Retire to What?
If I asked you to define retirement, how would you describe it? Take some time and think about it. You’re probably envisioning white sandy beaches, trips to the golf course, and visits with family, free from the constraints of work and email.…
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 Booren2018-12-16 13:09:182019-06-18 12:11:13Improving Investor Behavior – Focus on the Right Number
With the year coming to an end, 2018 has been a tumultuous one for investors. For the first time in 46 years, there has not been a clear winner in any asset class: from stocks to bonds, emerging markets to precious metals. As of this writing,…
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 Booren2018-07-15 12:55:052019-04-08 12:57:45Improving Investor Behavior – Longevity and the Fear of Running Out
When do you plan to die? Weird question, right? It’s one that financial advisors have to ask their clients. The typical approach to retirement planning involves spending down the portfolio, a lifetime of savings for a client, at a rate that…
https://prosperion.us/wp-content/uploads/2016/11/3_Keys_Modern_Retirement.png 477 850 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2016-11-28 19:03:432017-05-22 15:03:56The 3 Paychecks of a Modern Retirement
On November 29th, the oldest living person in the world, Emma Morano will turn 117. Based on my research she is the last living person to have been born in the 1800s. While some people might marvel at all she’s seen and been through, I ‘m curious about what she did during her more than 50 years in retirement.
https://prosperion.us/wp-content/uploads/2016/07/role_of_a_fiduciary.png 424 757 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2016-07-27 17:07:022017-11-16 10:06:00The Role of a Fiduciary – Putting Your Interests First
As many of you have undoubtedly heard, regulatory changes are coming to the finance industry pertaining to “fiduciary standards” and the obligations we have as financial professionals with respect to retirement accounts. Let me be clear: we embrace these changes as we serve as a fiduciary for your money in advisory relationships, just as I believe we always have.
https://prosperion.us/wp-content/uploads/2016/04/brainworks_solutions_for_staying_sharp.png 424 756 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2016-04-19 20:22:122017-05-22 15:06:54Brainworks – Simple Strategies for Staying Sharp
While cognitive decline may be an inevitable part of the aging process, studies show that we can prevent, or at least postpone its development through intervention. Our brain is actually radically adaptable if we train it appropriately—like we do our bodies. The “fitter” our brain is, the more energy efficient it becomes, and the easier it is to do important mental tasks such as focusing attention and being creative. This workshop was originally presented at Prosperion EDU 16.
https://prosperion.us/wp-content/uploads/2015/11/power_of_growing_dividends.png 426 756 Steve Booren https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Steve Booren2015-11-23 18:35:042017-05-22 15:07:13The Power of Growing Dividend Income
https://www.youtube.com/watch?v=j_ZserqymR4 We create and communicate ProsperOn’s to deliver timeless, valuable wisdom to our clients, with the hope to provide greater clarity, capability and confidence. In other words to help people be better…
https://prosperion.us/wp-content/uploads/2014/06/preparing_heirs.png 425 761 Sybil Praski https://prosperion.us/wp-content/uploads/2017/02/whitelogosized.png Sybil Praski2014-06-02 21:15:242017-05-22 15:58:01Are your Heirs Prepared for Their Inheritance?
We believe there are many important areas an estate plan does not cover. It boils down to one simple question: Your estate plan is in place, but are your heirs prepared?
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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.…