James Brewer
In this post, we examine how our investment planning returns (outcomes) can vary based on our investment experience and behavior. Investment Planning and Investing on Average When you hear the average return is 10%, what do you think you’re going to get in the next five years? 10%, 10%, 10%, 10%, 10%? 40%, 20%, 15%,…
James Brewer
I’ve been reflecting on the plight of African American wealth and wondering whether or not an African American financial advisor is part of the solution. Yes, I am an African American financial advisor, so I may be biased. I have, however, found that no matter the race of my client, by finding shared experiences I…
James Brewer
Most people I talk to, don’t have a spending plan and feel financial independence is a pipe dream. True financial independence means having enough wealth to live on without working. For you, it may mean living a certain lifestyle. However, most of the people I talk to don’t have a budget. Dictionary.com is instructive with…
Building a financial plan starts with a solid foundation – it’s true! But, could your financial plan be compromised because you lack the time to take a more comprehensive look? In trying to compensate for your lack of time are you not questioning key assumptions? If so, your plan may be built on faulty facts.…
Some people are shocked when they hear my transparent, financial advisory fee. Some of those people have 401(k) accounts or IRAs where they pay commissions. However, they donโt know what share class means nor have an idea how much they pay in commissions. Some have investment professionals who charge investment advisory fees. I have not…
James Brewer
Credit cards make spending money easy but without making us think much about how much we are spending. Then the bill comes and our payment is bigger than last monthโs. As a CERTIFIED FINANCIAL PLANNERโข professional (CFPยฎ), I often hear โMr. Brewer, I donโt have any money to invest.โ Are there funds that you just…
Understanding the gap in what we know we should do and why we donโt do it is essentially known as behavioral finance. Having had many economics classes I have been puzzled at what some people call what a rational person would do. And who is this rational person? Harry Markowitz a Nobel prize-winning economist didnโt…
James Brewer
If youโre like many you hate the idea of a budget. Iโve heard many people find it to be constraining. However are you on track to reaching your long-term goals? Do you find yourself making resolutions that never seem to materialize? Then a budget may just be the right thing. My budget lesson A few…
James Brewer
One of the biggest mistakes investors can make is to invest using emotion instead of intellect. An investment policy statement can help take emotion out of the picture. In fact, it may be better named an emotional policy statement. While finance and economics are often considered logical disciplines, there’s a new way of thinking that…
James Brewer
In your busy life, have you taken some time for yourself to think about your vision of financial freedom (retirement)? After all, your retirement vision has more to do with having enough resources to live the way that you want to live. Financial Freedom -Less We all have two visions of retirement one vision, one…
401k AssetMap Behavioral finance college planning Estate Planning Financial Advisor Financial goals Financial planner Financial planning financial wellness Investing Retirement Retirement planner Tax wealth management
Copyright © 2023 Theme Canary | Paxxer by Theme Canary