State College, PA – They say that imitation is the sincerest form of flattery. As I look back at 20 years in the business, I see a fingerprint on the […]
Index To Financial Advisor Content
Financial Advisor is the term used to refers to individuals in finance that directly work with public as opposed to those behind the scenes. Below you will find coaching related to the structure of the industry, as well strategies along with some interpretations that may be valuable to understand when working on your own plan.
Do-It-Yourself Investing
State College, PA – It seems in the last few years, there has been a strong push in the financial arena encouraging people to “Do-It-Yourself”. The idea that with technology […]
The Real Cost of Safe Money
Altoona, PA – A fellow Investor Coach shared a story about a Senior Citizen on a radio talk show the other day, lamenting about the ultra-low CD rates the banks […]
Lies
You don’t know what you don’t know! Simple, but profound. As an investor you may fall victim to the lies of the financial industry, including large investment institutions and the […]
The Cost of Volatility
In the first “It’s Your Money” podcast of 2016, Investor Coach Paul Nichols takes a look back at the events of the previous year. He explains how one may combat […]
The Basics of Investing
This week Paul offers up another market update. He focuses on some of the academic truths of investing and discusses some of the basic investing rules. It is always important to get back to the basics whenever things are out of sorts. The recent volatility brought on primarily due to monetary supply policies, or lack there of, have created some speculation or short term market noise.
Is It Gambling or Is It Investing?
This week, Paul focuses on the usual market update, coupled with the three most common investor mistakes. These are mistakes that happen every day, they are…almost encouraged by the industry. […]
Buckle Up, It’s Getting Turbulent!
State College, PA – I learned aviation slang for turbulence is called dirty air. What has been going on in the market is like dirty air? Recently we have seen […]
Investment Cost: Advisor Beware or Investor Beware
State College, PA – “How are you paid” is a common refrain heard by those working in the financial industry. One would think this is a very black and white, […]
In Life and Retirement Planning “It’s Never a Mystery”
Lewisburg, PA – The common phrase “it’s never a mystery”, should end with, “except for the people involved”. Is it a mystery why the athlete medals in the Olympics? Not […]
Tax Planning and Madoff’s Accountant
This week, Paul Nichols, the “investor coach” and president of Financial Abundance, a registered investment advisory firm in State College, Pennsylvania, once again pulls back the curtain on the financial […]
Looking Out for Mr. Ponzi
This summer Bernie Madoff will be celebrating his 4th anniversary in federal prison, 146 years to go. Madoff masterminded the largest Ponzi Scheme (slang for financial scam) in world history. […]
Boomers: Children & Chaos
The WealthCounsel® and Trusts & Estates® Magazine recently published an Annual Industry Trends Survey. The survey compiled data from roughly 1500 industry professionals primarily made up of Attorneys, CPAs, Financial […]
Tastes Like Chicken! Smells Like Fish!
Every once in a while, I run into an investor who bought a financial product that, upon reflection, may not have been totally appropriate given the individual’s personal and financial circumstances.
Not that the investment was completely “wrong”, but perhaps a different product or approach may have better met the client’s goals and objectives.
One thing you can do to help keep this from happening to you, is to find out who the advisor works for. I don’t mean the specific company that employs him or her, but the type of company that employs the advisor. That information can go a long way to help you understand whether the financial advisor’s loyalty is to you, or to the employer.
Ringing The Old Year Out and Bringing The New Year In—-
As we look at the 2011 year in review, remember that “this too shall pass”. New Year’s Resolutions are about to begin and as we look forward to 2012, make a New Year’s resolution as it relates to your finances. Take the 30 day challenge, look at income needs vs wants and get a “real” budget in place.
Last week, the Wall Street Journal ran interviews with four financial advisors soliciting their outlooks for 2012. Specifically, the Journal asked these sages to forecast which sectors had the most promise and which ones investors should avoid next year.