Video Blog

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Keep Your Investment Portfolio on Track

In this brief video, Certified Financial Planner practitioner Mike Larriva explains how investment risk and return run parallel to one another, just like railroad tracks. To keep your investment portfolio on track, you need to keep risk and reward in balance.

To help keep your investment portfolio on track – even during erratic market fluctuations – our firm applies time-tested asset allocation and diversification principles to balance portfolio risk and return. Click here to learn more about our investment philosophy and strategy.

By |February 14th, 2018|Advisors, Investing, Video Blog|

Stay Connected to Your Financial Goals

Life happens – family, work, school, fitness, illnesses and the list goes on. As you get tugged in many directions at once, how can you stay connected to your financial goals and dreams? In this brief video, Lupe Camargo explains the role a financial planner can play in helping you stay on track, even when your daily life tries to derail you.

By |November 6th, 2017|Financial Planning, Video Blog|

Bank Account Boosts Financial Literacy

Does your child need a bank account? In a word, yes. Learning to manage money may just give her a global competitive advantage over her peers when she becomes a young adult. A recent study suggests that having a bank account boosts financial literacy in teens. This brief video provides interesting details.

 

 

Video Transcript

Does your child need a bank account? In a word, yes. Learning to manage money may just give her a global competitive advantage over her peers when she becomes a young adult. A recent study suggests that having a bank account boosts financial literacy in teens.

According to results from the Program for International Student Assessment (PISA), one in five U.S. high school students (22 percent) lack basic financial literacy skills. The study evaluates the financial literacy of teens from 15 countries. China ranked number one overall, followed by Belgium and Canada. Chile, Brazil and Peru ranked as the bottom three.

American teenagers have made no appreciable gains in financial literacy in the three years since the previous PISA in 2012, when the U.S. ranked ninth among the countries studied. The Russian Federation and Italy showed measurable gains in average scores over that time, while Poland, the Slovak Republic, Australia and Spain showed measurable declines.

One data point of the study offers a potential bright spot for American parents. Among U.S. students, 53 percent reported that they have a bank account; and students with a bank account scored on average 42 points higher than students without a bank account. This suggests a simple and practical step parents can take to help boost financial literacy in their children, according to Ted Beck, CEO of the National Endowment for Financial Education.

“Get your child involved with a bank or credit union by having an account and learning to manage it during their teenage years,” he suggests. “We shouldn’t assume kids receive this education in schools. We need to step up and involve our children in regular, meaningful interactions with money.”

If you’d like help setting up an account for your child, talk with your personal financial planner or give us a call at Perspective Financial Services.

By |October 9th, 2017|Current Affairs, Video Blog|

Seasons of Investing

In many ways, tending a portfolio is like tending a tree, according to Jim Mailliard. One must know how much to water it, when to prune and when to harvest. There are seasons of investing, and a well-balanced portfolio can grow and blossom through those seasons.

In this brief video, we explain the analogy in more depth.

By |August 14th, 2017|Advisors, Video Blog|