Saving

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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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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Budgeting Trick That’s Easy To Implement

Let’s face it.  Budgeting is hard.  We sit down and make a budget on paper, but few people actually EVER follow the budget.  To me, the key to making a budget that’s sustainable is that is has to be easy, but also holds us accountable.  There are 100 different budgeting strategies and systems out there…

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