Posts by Scott Voigt, CFA, CFP®, CPA

How do you define investment success?

Too often we compare the performance of our portfolios with a benchmark, such as the S&P 500 Index. We may think: The S&P 500 was up 10% last year, so why was my portfolio only up 6%? The S&P 500 may seem like a reasonable performance benchmark. After all, it’s the most widely discussed proxy…

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You received an inheritance, now what?

Research shows the average inheritance is spent within five years. As an advisor at Verisail, I have seen both sides of the coin. Some of my clients have done a great job at continuing to live their lives as if the inheritance wasn’t even there. I have witnessed other clients unwisely spend a significant portion…

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I am saving for a trip to Mars

Elon Musk, founder of Tesla, estimates it would cost around $200,000 to travel to Mars. The privatization of space travel means that this could become a reality. On March 30, his space exploration company, SpaceX made a breakthrough when it successfully launched and landed the first ever reusable orbital rocket, the Falcon 9. Refurbishing and re-launching…

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A new kind of suburb!

2 years ago, my wife and I moved from the city out to the suburbs. Our desire was to live in a walkable community with friends and family and have access to some good restaurants and amenities. According to research from Zillow, almost half of millennial homeowners live in the suburbs. While millennials might have…

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How disciplined will you be in the next downturn?

Do you remember early 2016? I sure do. The global stock market dropped approximately 15% from November 2015 to February 2016. During that time, I received several calls from clients expressing concern.  Some of these concerns are paraphrased below: “I can’t handle seeing my money disappear any further.” “Such a sharp drop in the market…

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Myths about Financial Advisors

Over the years as a financial advisor, I have heard many assumptions about a financial advisor’s role.  Here are a few myths about what a financial advisor at Verisail is: #1: An advisor should get you out of low-performing investments and into high-performing investments. Myth. An investment strategy that’s based on predicting which investment will…

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Are you investing or speculating?

If you boil it down, there are really two primary schools of thought when it comes to managing money.  The first philosophy believes in these core principles: Philosophy 1 We can outguess the market Diversification is not a priority Concentrate in only our best ideas Trade frequently Charge higher fees to the end investor for…

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Retirement mistakes to avoid in your 20s and 30s

  Are you a millennial? Retirement is probably the last thing you are thinking about. People in their 20s and 30s “go through more life transitions than at any other age – you’re getting out of college, you’re graduating, you’re getting a job, you’re changing jobs, maybe you’re starting a business, you’re getting married, you…

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