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Value Creation Blog

7 Investment Disasters You Need To Avoid

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The main reason you want to hire an investment/wealth manager is to help you avoid investment disasters, if possible.  If you look at the research firm Dalbar, you’ll see that too many investors make the same mistakes and as a result, get a return that’s much lessthan the market.

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Topics: financial planning, wealth management, Investment Planning


Who Else Wants To Know How Millenials Think About Money?

Talking With Our Millennial Kids About Money

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One of the recurring themes I see with my clients is how to have a conversation with their Millennial children about money and responsible behavior towards money.  I found this article by Tom Sperling you're going to want to read.

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Topics: financial planning, Children, millenials


Key Tax And Government Numbers 2017

Want to find out the key numbers that will affect your finances for the coming year. Click here and download our Free report on key numbers for the coming year.

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Topics: financial planning, taxes


6 Reasons You Need Client Facing Planning

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Your first question might be what the heck is client facing planning?  We’ll get to that in a few minutes.  Just be aware it’s something you should be interested in. 

Why you might ask?  Because it puts you at the center of the planning engagement.  Too often people like you might be convinced to do a financial plan, then you turn over your information over to a financial planner and wait for your financial guru to tell you what you need to do. 

The problem with this is you are giving up your power and waiting for an “expert” to tell you what to do.  I don’t want you to do this and here are 6 reasons why. 

First, what is client facing planning?

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Topics: financial planning, scenario planning, client facing planning


4 Reasons You Must Do Scenario Planning - Video

We often think of scenario planning to be something that only businesses do.  Why don't you watch this five minute video and learn why scenario planning is just as important for individuals as it is for businesses?

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Topics: financial planning, transition planning, scenario planning


A Remarkably Simple Truth About Your Investments - Video

Learn what it takes to have a successful investment portfolio.  Let me know what you think in the comments below.

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Topics: financial planning, Investments, Investment video


Who Makes The Investment Decisions In Your House?

Who Makes The Investment Decisions In Your House-.pngI remember my sister talking about buying a car and how the car salesman would only talk and look at her husband.  I can’t tell you how annoying she found this.  She kept going to different car dealers until a car salesman would work with her and not her husband.

You might say that she should have left her husband home.  If she did that, she wouldn’t be able to use her knockout on whether she wanted to use that particular car dealer.  She wanted to make sure that the car dealer worked with her and not her husband.  In the end, she really didn’t care as much about what type of car, she cared about being dealt with as the key buyer.

I know this sounds kind of silly and as I read this, I would agree.  At the same time it brings up a really important point……..Women make many more financial decisions that affect a family than we admit.

My own opinion about this.

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Topics: financial planning, spouse, financial decisions


6 Reasons You’re Lousy at Forecasting the Future

6_Reasons_Youre_Lousy_at_Forecasting_the_Futue.pngIf you were an Econ (a totally rational person) you would be able to take all of the information that’s available to use and use that information to accurately forecast what’s going to happen in the future.  That might be true if all of us including you are able to keep your biases and feelings out of the way when making predictions about what’s going to happen in the future.

The truth is you’re not an econ and neither am I.  Both of us have this problem.  We are way too optimistic about what’s going to happen in the future.

My problem with budgeting.

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Topics: financial planning, scenario planning, behavioral economics


How Do Your Values Stack Up With Your Spouse

How_Do_Your_Values_Stack_Up_Wtih_Your_Spouse.pngI often talk with clients about what they want in life. Before we get into the specifics about what you want I think you have to have a conversation about you about values.

This conversation needs to include both leaders in the family. That means if the husband first contacted me about working together I need to understand both his values and his significant other’s values. If we don’t do this, there is a very good chance that will be putting a plan together that does not accurately reflect the wants and needs of both people in a relationship.

I’m sure this is something that you don’t want to have happen to you and if it is something you want to prevent, then read on.

Start by understanding your values.

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Topics: financial planning, Values, Value clarification


6 Common Risks That Can Ruin Your Retirement

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A large part of the work we do at Stage 2 is helping our clients manage risk. In the investment part of our business that would mean investment management.

That’s not the only type of risk we help you manage. I think a more important risk is what I’m starting to call retirement risk. These are risks besides investment risk that we should be helping you think about.

Here are 6 things for you to consider.

Let’s start with health.

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Topics: retirement planning, financial planning, scenario planning