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5 Reasons It’s Important to Set Financial Goals

Published by Rob Furlong, Portfolio Manager

The alarm sounded promptly at 1a.m. Shortly after some rustling and grumbling the tent zippers opened and we stepped out into the frigid air. After a quick breakfast, we began heading uphill into the darkness. For the next eight hours life was little more than listening to the ice crunch with each step as we ascended over 5,000 feet into the thinning air. Shortly after 9a.m. we were at 14,200 feet-on top of one of the highest peaks in the Cascade mountain range. Read more

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If I Could Only Teach One Financial Lesson

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

After several decades spent working in the financial services industry, I’ve seen a lot of investment fads come and go. The media gets excited about new ideas and strategies that never seem to stand the test of time. Read more

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Our Mid-Year 2018 Economic Update

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

Here’s one thing we know for sure about the economy – it’s not boring! The first half of 2018 kept us on our toes with a fair share of highs and lows, market volatility, trade uncertainty, and record unemployment numbers. Despite some dramatic market moments, most individual Americans believe things are looking up. So instead of looking at the daily headlines, here’s a view of our economy from 30,0000 feet as we reach the mid-year mark of 2018. Read more

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How Emotional Decisions Can Ruin Your Investment Strategy

More money is left behind than lost during market declines. When an investor reacts emotionally to declines, they often pull money out of the market, derailing their investment strategy and leaving them much less exposed to equity markets. Often, these moves are made very near the bottom of the market and the investor leaves behind a substantial portion of return. Read more

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What I Wish I Knew About Money When I Was Younger

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

My life’s mission has been to help entrepreneurs and business owners find balance and fulfillment in their lives. When I first started my career, I never would have expected that my training in Brazilian Jiu-Jitsu would share a number of commonalities with running a business, and that it would actually help guide business decisions. Through my training, I’ve discovered some money lessons that I wish I had known when I was younger. Read more

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When Can You Retire?

Not surprisingly, one of the most common goals financial planners help their clients with is analyzing cash flow in retirement so they can live their lives comfortably without worrying about outliving their money. Cash inflow in retirement can come from many sources (Social Security, retirement plans, savings, annuities, pensions) so it’s important to consider how much and when to expect cash inflows. Read more

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Scott’s Three Rules for Financial Success

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

We live in an age of information overwhelm. If we have a question, countless answers are at our fingertips. And while many of the answers and advice out there can change our lives for the better, sometimes we just don’t know where to start. Read more

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Do You Have True Wealth?

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

Have you ever considered what it means to have true wealth? Most people think of it in terms of finances, from how much they have in their bank account to the restaurants they can afford for a nice dinner out. However, that’s just wealth. True wealth is much more than money. Read more

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Why Diversified Investments Are Crucial

Published by Tyler Schlumpf

There are two main types of risk involved in investing: systematic and unsystematic risk. The first, systematic risk, is the general market risk all investors take when they buy stocks and bonds. Unsystematic risk, however, comes in many different forms. Specific company, credit and liquidity risks are just a few. While systematic risk cannot be diversified away, unsystematic risk can through diversified investments. Read more

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Financial Literacy Month and the Society For Financial Awareness

By Scott Ford, CEO, Founder & Wealth Advisor

Financial Literacy Month and the deadline to pay your taxes occupy the same place on the calendar. This irony begs the question: if you are receiving a tax refund, how will you spend it? Are you going to put it into a retirement account, save for your child’s education, or spend it on some new toys? Oftentimes, our decisions are influenced by our level of financial literacy. The more we understand foundational financial principles, the more our perspective and choices change. This is why it is essential to take the steps to become financially literate. Read more