Key Points: What makes planning so powerful? Simply put, it helps you: Point being: Being thoughtful in how you plan for your future pays well. But what does this mean in tangible terms? Let’s explore the real value of financial planning. The Value of a True Financial Planner Financial planning is often seen as intangible, […]
Insights
Anti-Financial Planning; a New Paradigm
We all know the typical drill when it comes to financial planning: set your goals, create a plan, and stick to it. But what if I told you there’s a different approach that might resonate better with you, especially if traditional goal-setting hasn’t worked out so well in the past? Enter the world of “anti-goals.” […]
Top 5 Things To Look For When Interviewing Financial Advisors in Denver, Colorado
Key points Introduction When it comes to planning for retirement, there are a lot of important factors to consider. You need to think about how much money you’ll need to have saved when you want to retire, how to plan for Medicare, when to take Social Security, and know what kind of lifestyle you want to maintain […]
Rethinking High-Dividend Stocks for Retirement Security
When planning for retirement, a common strategy often considered is investing in high-dividend stocks. The allure is understandable: receive regular income while potentially preserving the principal. However, this approach, while popular, is riddled with misconceptions and risks that need a closer examination, especially for those we advise on here at Progress Wealth. 1. Dividends vs. […]
The Myth of the Eternal 10% Return
By Blaine Thiederman MBA, CFP – Founder of Progress Wealth Management “Can we perpetually skim 10% off our stock investments?” – I hear this all the time. This is a common belief among those who have unwavering faith in the stock market’s long-term performance. Now, there’s a strong case for the enduring strength of stocks, […]
Busting the Myth: Stock Market Growth vs. GDP Trends
It’s a common refrain among market pundits: “Stocks are doomed to plummet because they’re outstripping GDP growth!” Let’s dissect this. Historically, U.S. GDP has grown at an average of around 3% annually. Contrast that with the stock market, which has seen an average annual growth of about 10%.1 This disparity might seem alarming at first […]
Debunking the GDP-Stock Mismatch Myth
The belief that stock markets must crash because they outpace GDP growth is a common misconception. It’s true that historically, U.S. GDP has grown at an average of about 3%, while stock returns have averaged around 10%. This discrepancy leads some to fear that stocks are overvalued and due for a crash. However, this view […]
The Illusion of Simultaneous Capital Preservation and Growth
Imagine a financial strategy promising both capital preservation and growth. It’s like craving a daily feast of rib-eyes and ice cream sundaes without the calorie count. Tempting, right? But just as that perfect diet is a fantasy, so is the notion of achieving capital preservation and growth together. Capital Preservation: A Zero Volatility Game Capital […]
More Volatile Than Ever: Unraveling the Myths of Market Volatility
There’s a common refrain that echoes through the corridors of Wall Street and the casual conversations of Main Street: “Stocks are just more volatile now.” This statement, often heard, read, and believed, reflects a widespread perception among investors. They tend to focus primarily on short-term volatility, and many harbor a growing fear that volatility is […]