Occasionally I’ll get asked whether investing in dividend paying stocks is a good idea. My general response is that the evidence doesn’t support this as a strategy. In other words, there is no empirical evidence that shows dividend investing provides superior returns than the market. One of the primary reasons that investors fall in love …
With the holidays rapidly approaching, many of you are concerned about how much money you will spend on gifts. In today’s blog post, I’ll be sharing a tip on how you can avoid overspending this holiday season. Have a Game Plan The main reason you spend too much money during the holidays, is …
by Mary Young, Ph.D. Perhaps you already know the punchline, but I grew up believing that the way I’ve stated the question above was the accurate depiction of the biblical statement. About 15 years ago, I was fortunate enough to be seeing a Minister, who taught me a number of lessons, as many of my …
While estate planning is important to all people there are a number of issues that specifically impact women. These issues, if not properly addressed, can lead to insufficient assets, inappropriate long term care, disinherited children, and a host of other outcomes. In today’s blog post, you will learn what these issues are as well as …
Last week I discussed the responsibilities that you have when working with a financial planner. This week I want to shift my focus to the expectations you should have when working with a financial planner. In other words, what should a financial planner be doing for you? In today’s blog post, I will be sharing …
What To Expect When You Hire A Financial Planner Read More »
There are many articles written about what a financial planner does for you and what you should expect from them. But, in my opinion, the best relationships will also focus on what a financial planner expects from YOU. After all, it should be a relationship, not a one-sided street. So, in today’s blog post I …
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When we first begin working with clients, it’s very common to discover that they don’t have a Will or any estate planning documents at all. It’s not that they don’t think it’s important, but often times they just don’t know where to start or what to do. If you happen to be one of those …
There’s a finance strategy that says it’s wise for you to have at least one years’ worth of cash on hand. That way if your investments decline significantly, like they did with the COVID-19 crisis, then you can take money from your cash account and let your investments recover. While this sounds good in theory, …
Value and growth stocks are sort of like the tortoise and the hare. One is more of a roller coaster adventure while the other is more like a long, boring vacation ride. In this article you’ll learn about the two and understand which one you should own in your portfolio. You have 2 investments to …
Have you ever wondered how much money you spend on a monthly basis? This is a number that alludes many people, but today I’ll show you an easy way to figure it out and why it’s so important. When we prepare financial plans for people, we use monthly expenses to determine if a person is …
If you have a pension, consider yourself one of the lucky ones. Many companies have opted to do away with pensions in favor of employee funded 401k plans. This takes the risk away from the company and places it squarely on the shoulders of the employee. But if you do have a pension and are …
As a small business owner it is logical to think that your business will provide for you in retirement. While that may be the case, it’s not a good idea to put all your eggs in that one possibility.
B.E.S.T. Wealth Management was founded on the principle that everybody deserves financial planning advice and help with investing money.
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