Advisors

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Market Timing Targets Impossible Goal

market timingCan you hit a bull’s eye with every dart throw? Probably not.  That’s why market timing is so difficult. It targets an impossible goal. Investors who maintain a long-term perspective historically have more sucess than those who invest haphazardly.

In this brief video, Certified Financial Planner practitioner Jim Mailliard explains in simple terms why investors who jump in and out of stocks typically miss out on profitable market recoveries.

 

Market timing dart board image courtesy of vectorolie at FreeDigitalPhotos.net
By |February 13th, 2017|Advisors, Investing, Video Blog|

Chasing the Hot Stock

Many investors worry about chasing the hot stock. In this brief video, Financial Planner Patrick Eng explains how chasing the so-called hot stock is like trying to stay in the fast lane in traffic and why neither strategy works in the long run.

By |January 9th, 2017|Advisors, Investing, Video Blog|

Next Generation RIAs

A handful of local Registered Investment Advisory (RIA) firms are invited to participate in a Charles Schwab summer intern education program. We’re proud to say Perspective Financial Services is among those selected to help educate next generation RIAs in this program.

next generation RIAs

Mike McCann (right) reviews office operations with the Schwab RIA interns. (Summer 2016)

The Schwab Advisor Services RIA Internship Program is a hands-on eight-week rotational internship designed to prepare undergraduate students for employment within RIA firms. Students apply and come to Phoenix from across the United States to learn about the investment industry, the advisory profession, and how advisors and Schwab work together to accomplish the goals of risk management and client asset protection.

About midway through the program, the group of interns disperses for their “on-site experience” at RIA firms across the Valley. They gain corporate work experience and are introduced to fundamental areas of the RIA business, such as client service, trading support, portfolio construction and financial planning.

Kelsey from Ohio and Andrew from Texas spent several days at Perspective Financial in 2016. Colin from Utah and Davis from Florida were our interns for 2017. We shared an overview of our service philosophy, business model, office operations and strategic marketing to help these next generation RIAs understand the wide range of expertise our firm encompasses.

We’ve been impressed with the enthusiasm and professionalism of all the interns we have hosted, and we wish them well on their educational and career journey.

next generation RIAs

Mike McCann (left) reviews portfolio rebalancing protocol with the Schwab RIA interns. (Summer 2017)

 

 

 

 

 

 

 

 

Article updated July 14, 2017
By |July 8th, 2016|Advisors, Company News|

365 Days of Gratitude

McCann-webThanksgiving came and went. We all said our thanks and then moved on to prepare for the next round of holidays – Hanukkah, Christmas, New Year’s Day. Yet, wouldn’t it be great if we embraced the spirit of giving thanks all year long?

Many of us take time in December to review goals and make plans for the coming year. That’s an important part of achieving success. At the same time, let’s plan to take a moment every day to reflect on our efforts and give thanks for what we’ve experienced.

A few years ago, I read a slim memoir by John Kralik, 365 Thank Yous: The Year a Simple Act of Daily Gratitude Changed My Life. The premise was simple. Kralik was facing the end of a terrible year and bleak picture of his life – a failing business, two divorces, distant relationships with his adult children, health issues due to being 40 pounds overweight. He knew something needed to change, but he didn’t have the wherewithal to take on anything big.

Inspired by a simple thank you note he received in the mail, Kralik committed to a simple experiment. He would write one thank you each day in the coming year.

He began by writing thank yous for Christmas gifts he’d received. Easy enough. As the year progressed, however, he struggled to find something daily for which he could be thankful. He had to dig deep. He wrote a note of gratitude to a client who paid her bill on time. He penned a thank you to the barista who greeted him with a smile. He sent a note to a friend who met him for a Friday lunch after a hard week.  Kralik realized over time that thinking about small blessings each day improved his attitude and made life’s challenges easier to overcome. His life improved in ways he never expected.

The connection between gratitude and success has been touted by many – from John F. Kennedy and Oprah Winfrey to Charles Schwab and Willie Nelson. It’s something we all can embrace.

“Develop an attitude of gratitude,” said Brian Tracy, international entrepreneur and best-selling author, “and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation.”

By |January 4th, 2016|Advisors, Books, Current Affairs|