Patrick

About Patrick Eng

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So far Patrick Eng has created 35 blog entries.

Understand Why Before Deciding How

I recently sat down with a new client who needed help understanding her financial accounts. It takes two-way communication and objectivity to determine what investment strategy best serves a client’s needs. Essentially, you must understand why before deciding how. Unfortunately, this woman’s previous advisor did not take such actions. Several years ago this person recommended [...]

By |2019-08-14T13:59:44-07:00July 29th, 2019|Insurance, Investing|

A Healthy Tortoise

Earlier this year, JP Morgan Asset Management’s Chief Global Strategist David Kelley likened the current U.S. economic expansion to a healthy tortoise, “slow but steady.” The United States has experienced slow and steady economic growth through corporate profits, job growth and wage increases. This month marks the 10th year of our current expansion; it ties [...]

By |2019-08-14T13:59:44-07:00June 17th, 2019|Current Affairs|

Financial Planning Goes Beyond Numbers

During my 20-year career as an advisor, I have learned that so much of helping clients with financial planning goes beyond numbers. Early on, I thought this business focused primarily on spreadsheets, trading, portfolio performance and understanding the global economy. Those things do play an important part in my day-to-day work, though they are not [...]

By |2019-08-14T13:59:46-07:00March 11th, 2019|Financial Planning|

Maintaining Perspective

When the Dow Jones Industrial Average climbed above 22,000 in August 2017 (an all-time high) I wrote an article titled “Managing Expectations.” In early October 2018, the Dow reached a record-breaking 26,800 points. In the four weeks that followed, it dropped by 2,000 points. By mid-November, the it was back near 26,000. As I write [...]

By |2019-08-14T13:59:47-07:00November 19th, 2018|Current Affairs, Investing, Uncategorized|

Exponential Growth of ETFs

Patrick Eng addresses the exponential growth of ETFs. The advent of Exchange Traded Funds (ETFs) took place a little more than 25 years ago with the creation of the SPDR S&P 500 Trust (SPY) in January 1993.  Yet, ETFs remained an obscure and little noticed trading vehicle for many years before it was [...]

By |2019-08-14T13:59:48-07:00August 27th, 2018|Investing|

Understanding RMDs

When investors with retirement accounts turn 70 ½ years old, they should be aware of the required minimum distribution (RMD) rules regarding the type of retirement accounts they possess. Understanding RMDs will help you avoid high penalties from the IRS. Here are some things to keep in mind. The IRS requires that account holders of [...]

By |2019-08-14T13:59:50-07:00February 27th, 2018|Current Affairs, Retirement|