Jackie Goldstick, CFP®

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When You Know Better …

Blog, Investor Behavior, Life Planning, Planning PerspectivesLeave a comment

“When you know better, you do better.” These words, famously spoken by Maya Angelou, suggest that the more knowledge we have, the better we can do for ourselves. If we know something is bad for us, we will avoid it, if we know something can enrich our lives, we will seek it out and as we learn more about the world around us, boundaries will continue to be stretched and advancements will continue to characterize our society. But knowledge in and of itself is not enough. We must use this knowledge to change our behavior.

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The Sources of Retirement Cash Flows

Insights, Planning Perspectives, Portfolio Management, Retirement PlanningLeave a comment

When you hear the word “diversification” in the context of investing, one thinks of owning multiple holdings across asset classes, geographical locations, and industry sectors. The concept of diversification also applies to the sources of cash flows that are generated from an investment portfolio. Michael Kitces, a well-renowned author, and industry thought leader, suggests that there are 4 pillars of retirement cash flow that can come from an investment portfolio: interest, dividends, capital gains and principal.

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Preparing for a Market Downturn

Insights, Investing, Investor Behavior, Portfolio ManagementLeave a comment

Warren Buffett’s annual Berkshire Hathaway shareholder letters often offer sage advice. His most recent 2016 letter was no exception, including this powerful insight about market downturns: “During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy.”

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Give Yourself Permission To Hire a Real Financial Advisor

Advisor Compensation, Blog, Financial Advisor, Planning PerspectivesLeave a comment

Setting goals are important. It gives you something to work towards. But there is a huge misconception about goals that most people don’t figure out until it is too late. Achievement of your goal will not bring you happiness. Having a certain amount of money in the bank, getting a promotion, owning your dream home, retiring at age 50 – those may be your goals, but what happens once you get there? Then what?

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Standard of Care – Fiduciary or Suitability

Advisor Compensation, Fee Only, Insights, Planning PerspectivesLeave a comment

Financial advisor, financial planner, financial consultant, wealth manager, etc. – there are many names used by investment professionals today. But what’s more important than the title that a professional gives him or herself is the standard of care the investment professional is held to a fiduciary standard or a suitability standard.

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How Risky Should Your Portfolio Be?

Asset Allocation, Insights, Investing, Investment Risk, Planning Perspectives, Portfolio ManagementLeave a comment

Would you rather have a guaranteed $10,000 today, or the opportunity to earn anywhere from $5000 to $20,000 over the next twelve months? Are you willing to risk a sure thing for the opportunity for more? Your answer to that question should be dependent upon two factors: your tolerance for risk and your ability or…

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