Wealthinking by Paula Hogan

Investing in a Changing World

Posted by Paula Hogan on Thu, May 19, 2016

"Investing in a Changing World" is a topic dear to the hearts of individual investors. It was also the organizing theme for the 69th annual CFA conference that I had the pleasure of attending in Montreal last week. This annual conference gathers 2000+ attendees from all over the world for three days of substantive conversation about the global economy, the public interest, and investing trends.

The host of the conference is the CFA Institute, the leading global organization for investment professionals. This is the entity that awards the CFA designation, sets the professional ethical standards for financial professionals, and lobbies for the public interest. In financial planning firms like ours that place a high value on interdisciplinary expertise and professionalism, it’s typical to see advisors with the Certified Financial Planner® designation along with either the Certified Public Accountant and/or the Chartered Financial Analyst designation. 

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Tags: financial planning, big data, financial planning industry, human capital, cultural trends, charitable giving, positive psychology, career planning

Portfolio Planning in Retirement: The Risk Management Approach

Posted by Paula Hogan on Wed, Mar 16, 2016

Investing has some similarities with the weather. You can’t control the weather but you can control where you live and how you dress. Analogously, when investing you cannot control returns but you can control how much risk you take. A risk management approach to your finances means that you focus on what you can control (risk and risk protection strategies), not on what you cannot control (returns).

Let’s use portfolio planning in retirement as an example of how to take a risk management approach to investing.

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Tags: financial planning, personal wealth management, portfolio management strategies, human capital

Procrastination and Your Financial Goals

Posted by Paula Hogan on Wed, Mar 02, 2016

I have always thought of procrastination as a particularly lonely endeavor. When you procrastinate, it’s a painfully solo journey. Who knew that there is a whole body of research aiming to define procrastination and to understand its consequences and also why it happens and what you might do about it? You are not alone!

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Tags: human capital, positive psychology

Should You Own Value Stocks In Your Portfolio?

Posted by Paula Hogan on Fri, Feb 12, 2016

What are value stocks?

Value stocks are generally defined as stocks with a low relative price.  Relative price can be measured by comparing the stock’s price per share to measures like book (accounting) value, earnings, dividends, etc. These stocks are deemed to be good investment value since in buying a value stock you buy a pro rata share of a company that is presumably selling at a bargain price. 

Benjamin Graham, often deemed the father of value investing, wrote two foundational finance books: Security Analysis in 1934 with David Dodd and The Intelligent Investor in 1949.  Many investors today continue to follow value investing strategies, including, for example, Warren Buffet, one of the most well-known disciples of Benjamin Graham. 

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Tags: financial planning, financial planning industry

Making Your Life Simpler, Easier, and Healthier

Posted by Paula Hogan on Wed, Jan 20, 2016

Whoa—the New Year is already underway. Are you ready? Many of us have hurtled at warp speed through the holidays and are just now getting reset for the year. Maybe you’ve made some resolutions for this year. Maybe you’ve made them and they are already history. Uh oh. What are some ideas for starting the New Year off right—and realistically? Before it’s too late? 

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Tags: personal wealth management, positive psychology

Guest Post: "An Abundant Thanksgiving Week"

Posted by Paula Hogan on Tue, Nov 24, 2015

This is a guest post from my friend and mentor Ed Jacobson, the author of Appreciative Moments from which this delectable Thanksgiving essay is excerpted  Enjoy!

My mind’s been cooking lately about the rapidly-approaching Thanksgiving holiday and the piece I’ve wanted to write about having An Appreciative Thanksgiving Day. Then a new notion arose: Why not think about an Abundant Thanksgiving Day?

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Open Enrollment Blues?

Posted by Paula Hogan on Thu, Nov 12, 2015

It’s that season again. Your employer is sending repeated emails exhorting you to make employee benefit decisions you don’t feel comfortable making, by a deadline that does not match your personal schedule. And, oh yes, where did you store the access information for the open enrollment site? 

Open enrollment is a process that few enjoy and that won’t be going away. Employees are now in charge of securing their own financial wellbeing. Good bye pensions. Good bye living with your children in retirement. And as a society, we’ve never even said Hello to universal health insurance. The financial decisions you make for yourself matter. 

Here are some big picture planning ideas to keep in mind along with some specific tips for this year’s open enrollment.

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Tags: financial planning, personal wealth management, retirement planning, health care and financial planning

Reverse Mortgages: The FAQ                                 (Part 3 of 3)

Posted by Paula Hogan on Wed, Oct 14, 2015

In the prior two posts we sketched out the details of how reverse mortgages work and how you might use them to your advantage in retirement. Let’s take a moment to consider some higher level considerations. 

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Tags: financial planning, current events, behavioral finance, reverse mortgages

Reverse Mortgages: A Summary of the Nuts & Bolts   (Part 2 of 3)

Posted by Paula Hogan on Wed, Oct 07, 2015

In the prior post, we described reverse mortgages as an emerging, multi-purpose planning tool for managing cash flow in the second half of your life. In this post, let’s take a look at some nitty gritty details on the costs and mechanics and history of reverse mortgages.

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Tags: financial planning, Money Issues, reverse mortgages

Reverse Mortgages: Yes! Worth a fresh look         (part 1 of 3)

Posted by Paula Hogan on Wed, Sep 30, 2015

A fundamental strategy in financial planning is to create options and safety nets for an unknown future. Tools for doing so are highly valuable. Thanks to some recent and welcome regulatory changes and the continuing low interest rate environment, reverse mortgages are now another tool in that tool kit. They are worth a fresh look.

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Tags: financial planning, personal wealth management, retirement planning, reverse mortgages