Saving

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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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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