MoneyGeek Feature: How to Find the Best Car Insurance for Women

Leanne Rahn had the privilege to be featured in MoneyGeek to talk to readers about “How to Find the Best Car Insurance for Women”.

Leanne discusses her recommended insurance professionals and why gender is used for calculating premiums.

Fiduciary Financial Advisors, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.

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Is A Financial Advisor Worth It?

If you have extra time, are interested in finances, and are willing to research the actions needed to become successful financially; then you might not need a financial advisor. There are a lot of great free resources available if you are willing and able to put in the time and effort. That being said, there are also many reasons why you might choose to work with a financial advisor. 

You might:

• Be too busy with work/life to complete research on your own

• Deal with analysis paralysis and need some guidance on how or where to invest

• Get nervous during periods of market volatility and need someone to give you reassurance and prevent you from making an emotional investing decision that could cost you a lot of money

• Need someone to help keep you accountable and consistent with investing

• Not be interested in finances/investing and would rather pay someone to help so you can spend more time on things that you enjoy

Whether you are currently working with a financial advisor or looking to work with a financial advisor, here is a review of some ways financial advisors could add value to your investing plan according to Vanguard. If you do not need/want a financial advisor you may still want to focus on these areas as you manage your own financial plan. (Source: Vanguard Advisor’s Alpha; link below)

Value a Financial Advisor Could Bring

As I review the seven modules that Vanguard presents, please keep these quotes from the paper in mind.

“Paying a fee to a professional who follows Vanguard’s Advisor’s Alpha Framework described here can add value in comparison to the average investor experience, currently advised or not. We are in no way suggesting that every advisor—charging any fee—can add value. Advisors can add value if they understand how they can best help Investors.”

“We do not believe this potential 3% improvement can be expected annually; rather, it is likely to be very irregular.”

“Some of the best opportunities to add value occur during periods of market duress or euphoria when clients are tempted to abandon their well-thought-out investment plans.”

(Source: Vanguard Advisor’s Alpha; link below)

1. Suitable Asset Allocation Using Broadly Diversified Funds/ETFs     Value: >0.00%

Asset allocation is the percentage of investments you have in stocks, bonds, cash, and alternative investments. Factors to help determine your asset allocation are your risk tolerance, risk capacity, and the goals you have for that particular sum of money. Having the right mix of investments for your specific situation and goals is very important. Vanguard found this value add to be significant but stated it was too unique to quantify.

2. Cost-Effective Implementation (expense ratios)     Value: 0.30%

After determining your asset allocation, the next step would be to decide what investments to invest in. One thing that you have a lot of control over is how much you pay to be invested in the stock market. The difference between the returns you achieve and the cost you pay is your net return. Vanguard recommends keeping your expense ratios low, and I agree. A high expense ratio for a fund could be greater than 1% whereas a low-cost index fund could be as low as 0.04%. Vanguard found this value add to be 0.30%.

3. Rebalancing     Value: 0.14%

Your asset allocation can drift over time. Let’s say you originally invested 80% in stocks and 20% in bonds. One year later if stocks perform better than bonds, you might now be 90% stocks and 10% bonds. If you want to control your risk and stick within your risk tolerance, then rebalancing back to the original 80% stocks and 20% bonds may make sense for you. Rebalancing can also help you buy low and sell high. It forces you to buy the investment that underperformed and sell the investment that overperformed. This is easier said than done. If you had an investment that did really well, emotionally you may not want to sell some of it and buy the investment that underperformed. A financial advisor could do this automatically for you. Vanguard found this value add to be 0.14%.

4. Behavioral Coaching    Value: 0.00%-2.00%

As human beings, we all have emotions. During periods of market volatility and downturns, having an advisor to help prevent you from changing your investment strategy could be very valuable. When COVID initially started, the market took a huge dive as the economy shut down. I know a few people who sold completely out of the stock market because of fear. Then when the market recovered they missed out on the huge gains that followed. They let their emotions get the best of them and ended up locking in their losses by selling. If they would have had an advisor to help them stick to a financial plan they might be in a better position today. Vanguard found this value add to be 0.00%-2.00%.

5. Asset Location     Value: 0.00%-0.60%

There are three main types of accounts where you can keep invested assets: Tax-deferred accounts, Tax-free accounts, and Taxable accounts. Having the right investments inside of the correct accounts could help you pay less in taxes, which would leave more money left over for you. Here is a figure from the Bogle Heads forum which reviews which funds might be better for the three different account types. A financial advisor could help you decide which investments should be inside which accounts. Vanguard found this value add to be 0.00%-0.60%.

(Source: Bogleheads Wiki; link below)

6. Spending Strategy (withdrawal order)     Value: 0.00%-1.20%

If you only have investments inside of one account type then this module wouldn’t bring any value to you. On the other hand, if you have some investments inside of a 401(k), a Roth IRA, a Health Savings Account, and a taxable brokerage account then which account you withdraw money from first could add a lot of value and help you save on taxes.

You might withdraw from your 401(k) for your required minimum distributions for that year first, then you might consider taking money out of your taxable brokerage account, after that you might decide to withdraw money from your Roth IRA, saving your HSA for later. Having money invested in different account types can allow you to adjust how much tax you pay during your retirement years. Withdrawing money in a sub-optimal order could cause you to pay more taxes! Vanguard found this value add to be 0.00%-1.20%.

(Source: Vanguard Advisor’s Alpha; link below)

7. Total Return Versus Income Investing     Value: >0%

This includes helping investors decide what kind of bonds to include in their portfolio such as short-term, long-term, and high-yield. Guiding investors to not focus solely on retirement income with bonds but to also consider capital appreciation that could add value over the long term. This could also help decrease risk and increase tax efficiency. Vanguard found this value add to be significant but stated it was too unique to quantify.

So Is Having a Financial Advisor Worth It?

That is a value judgment, so only you can decide if having a financial advisor is worth it. Vanguard has shown that advisors can add up to, or exceed, 3% in net returns by following their Advisor’s Alpha framework. Over a long period that could add tremendous value to your financial plan. That’s if you are being charged reasonable fees for the services provided. This figure shows the median advisory fees based on account size.

• If you want to do it on your own, make sure to do your research so that you can invest well

• If you currently work with a financial advisor, make sure you what they are charging you and evaluate if they are following Vanguard’s best practices in wealth management

• If you want to work with an advisor then feel free to reach out to as I would happily meet with you to explain how I would be able to help you with your financial plan

(Source: Kitces Blog; link below)

Sources:  https://advisors.vanguard.com/content/dam/fas/pdfs/IARCQAA.pdf

https://www.bogleheads.org/wiki/Tax-efficient_fund_placement

https://www.kitces.com/blog/financial-advisor-average-fee-2020-aum-hourly-comprehensive-financial-plan-cost/

“If you have any financial questions I would love to connect with you to help”

— Heath Biller

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.

What is money? Isn't it really just time?

Time in Place of Money

What is money? If you live in the United States, you probably think of money as the US Dollar. People in Japan might think of the Yen. People in France, Germany, and Italy might think of the Euro. Economists Milton Friedman and Allan Meltzer describe money as, “a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.” (Source: Britannica; link below)

What if you thought of money a little bit differently? When thinking about money, try substituting my time in place of money because time is what you have to give up to receive money.

Exchanging Crops for a Phone

Let's say a farmer wants a new phone. He knows how to grow crops but can’t build his own phone. The farmer sacrifices his time to grow crops that he can sell to others for money. Once he obtains this money he can buy a new phone. The owner of an electronics store sacrifices her time working at the store selling phones to earn money. What does she do with that money? She might buy the farmer's crops at the grocery store. The money is just an intermediary for the time between the farmer and the electronics store owner.

While this is a simplistic example, this is how many transactions happen in our society. If you start thinking about money as actually being your time, then it could make you wiser with your money. Being wiser with your money could lead you to be more efficient with your time!

How to Apply to Your Life

Here is a real-world scenario where you could apply this money as time principal. The average new car price as of November 2022 was $48,681. (Source: Kelley Blue Book; link below) Economics is all about opportunity costs. If you spend $48,681 purchasing a new vehicle then that is $48,681 that you do not have to purchase something else. Let’s assume that you make the average hourly wage of $32.80/hour. (Source: St. Louis Federal Reserve Bank; link below) We can find how many hours you would have to exchange for purchasing a new vehicle by dividing $48,681 by $32.80: 1,484 hours! Once you take taxes into account the number of hours will probably be even higher.

While you might normally ask if the car was worth $48k, instead ask yourself if it’s worth 1,484 hours of time working at your job. Are you willing to spend 74% (1,484/2000) of a year working to purchase that new vehicle? If the answer is “yes,” then go for it and enjoy your new vehicle. If the answer is, “Hmmm I think I might be able to use those 1,484 hours more effectively somewhere else in my life”, then keeping your current vehicle could result in a wiser use of your time!

I am currently in this scenario right now in my own life. I drive a 2011 Prius that only has around 75,000 miles. It runs great, does not need any major repairs, and gets 50 MPGs! I don’t need a new vehicle but have been intrigued with the 2023 Rav4 and 2023 Prius. I utilized this process in my head and determined that was too many hours of my working life to pay for a newer vehicle that I might want but don’t need. I would rather use those hours spending time with my friends/family, writing blog posts, creating YouTube videos, and staying healthy by playing beach volleyball/pickleball.

Words to Live By

You can utilize this thinking in many different scenarios. Just take the price of what you are considering buying and divide it by your hourly wage. That will tell you how many hours it will take you to work to pay for that next big purchase. Then decide if you are okay with that tradeoff. 

Here is one of my favorite quotes from the book, “The Psychology of Money,” by Morgan Housel. He states, “The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.” Make sure you are being wise with your money so you can enjoy your time to the fullest!

Sources: https://www.britannica.com/topic/money

https://www.kbb.com/car-news/average-new-car-price-sets-record/

https://fred.stlouisfed.org/series/CES0500000003

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“If you have any financial questions I would love to connect with you to help”

— Heath Biller

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.

Artificial Intelligence Reveals the Secrets to Being Healthy

Health and Why it is Important

I recently posted about how I was able to have Artificial Intelligence (AI) write a blog post on how to become a successful investor. I thought it was amazing to see what the AI was able to generate on the topic. Click here to read that post. Since wealth and health usually are intertwined, I thought it would be interesting to see what AI also had to say about staying healthy. Here are two responses that the AI wrote when prompted with, “Write a blog post on how to stay healthy.” (I used the website https://openai.com/) 

AI’s First Response

When it comes to staying healthy, there’s no one-size-fits-all solution. Everyone’s body is different and requires different types of care, so it’s important to find a plan that works for you. Below are some tips that can help you stay healthy and make sure you’re getting the most out of your body. 

1. Exercise regularly: Exercise isn’t just good for your physical health, but it can also help improve your mental health as well. Whether it’s taking a walk, going for a run, or taking a yoga class, find an activity that works for you and make it part of your routine. 

2. Eat a balanced diet: Eating a balanced diet is essential for staying healthy. Make sure you’re getting enough fruits and vegetables, whole grains, and lean proteins. Also, try to limit your intake of processed foods and sugary drinks. 

3. Get enough sleep: Sleep is an important part of staying healthy. Aim for seven to nine hours of quality sleep per night and make sure you’re getting enough rest. 

4. Manage stress: Stress can have a huge impact on your physical and mental health, so it’s important to find ways to manage it. Try yoga, meditation, or simply taking some time for yourself to relax and unwind. 

5. Stay hydrated: Drinking enough water is essential for staying healthy. Make sure to drink at least 8 glasses of water a day.

AI’s Second Response

Staying healthy can be a challenge, especially when it comes to maintaining a healthy lifestyle. But with a little planning and dedication, it’s possible to keep your body in tip-top shape and enjoy a happier, healthier life. Here are some tips to help you stay healthy: 

1. Eat a Balanced Diet Eating a balanced diet is essential for maintaining good health. Focus on incorporating plenty of fruits, vegetables, and whole grains into your meals. Limit saturated fats, trans fats, and processed foods, and make sure you’re getting enough protein, fiber, vitamins, and minerals. 

2. Exercise Regularly Regular exercise is just as important as diet when it comes to staying healthy. Aim for at least 30 minutes of moderate activity each day. This can include walking, jogging, swimming, or biking. Strength training is also beneficial for maintaining muscle mass, bone density, and overall health. 

3. Get Enough Sleep Getting enough sleep is vital for your body to function properly. Try to get about eight hours of sleep each night. If you have trouble sleeping, consider making lifestyle changes such as limiting caffeine consumption, avoiding screens before bed, and establishing a regular sleep schedule. 

4. Manage Stress Stress can have a major impact on your physical and mental health, so finding ways to manage it is essential. Consider activities such as yoga, meditation, or deep breathing to help keep your stress levels in check. 

5. Practice Self-Care

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Wealth and health! The healthier you are, the less money you need to spend on healthcare. The wealthier you are, the more resources you have available to stay healthy. Instead of a downward spiral, this is an upward spiral! If you want to get wealthy and stay wealthy, you should probably focus on one of your most important assets, your health! If you need help changing any of your health habits, one of the best books I read in 2022 was “Atomic Habits” by James Clear and I would highly recommend it. https://jamesclear.com/atomic-habits

“If you can get 1% better each day for one year, you’ll end up 37 times better by the time you’re done.”

— James Clear

“It is only when looking back 2, 5, or 10 years later that the value of good habits and the cost of bad ones become strikingly apparent.”

— James Clear

“If you have any financial questions I would love to connect with you to help”

— Heath Biller

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.

How Do I Improve Investment Efficiency? - Part 1

Engineers are very familiar with the equation for efficiency:

Efficiency = Output/Input

We want to know we are getting the most productivity out of a system or machine in order to make the best use of resources or energy.

Our investment portfolio should not be any different. We should want to get the most return for the amount of risk we are taking.

In this episode, we take a look at the types of risk we can use as inputs in our investment machine. We will also review the Sharpe ratio, which is the widely used measure for efficiency of investment return and consider how we can go about increasing the Sharpe ratio of our portfolio.

The data included in this video was obtained from Portfolio Visualizer’s Asset Class Allocation tool found here.

“I am passionate about helping people improve the efficiency of their finances!”

— Andy Cole

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.

Why Should I Care About Volatility?

When most investors think about volatility, they think about riding a roller coaster or a wave. They know the path of more volatile portfolios has a larger amplitude than smaller portfolios but the additional risk may lead to higher returns over time. While many investors think about how bumpy the ride may be, not many investors consider the variability of outcome that comes with higher volatility.  

In the first episode, we saw how diversifying across a basket of companies can lead to a portfolio that has similar expected return with less volatility than investing in a single company. In this episode, we will take a look at why that matters and how that lower volatility can lead to a higher probability of success in your financial plan.

The data included in this video was obtained from Portfolio Visualizer’s Monte Carlo simulation tool found here.

“I am passionate about helping people improve the efficiency of their finances!”

— Andy Cole

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.

MoneyGeek Feature: How to Start Saving and Investing

Leanne Rahn had the privilege to be featured in MoneyGeek to talk to readers about “How to Start Saving and Investing”.

Leanne answers the questions of how much should you invest, how you choose the best stocks and bonds, how to start investing while living paycheck to paycheck, and her take on investment apps.

Fiduciary Financial Advisors, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.

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Should We Pay Off the House Early?

Is paying off your mortgage early the smart thing to do? It sounds great having that extra cash flow in your pocket each month by not having that monthly mortgage payment. That being said it is not quite that simple, lets see if paying off the house early makes sense for you.

Consider these factors:

• Once your mortgage is gone you will be missing out on your mortgage interest tax deduction.

• Dependent on your interest rate you may be earning more on investments rather than paying off the bill.

Lets look at an example, say your mortgage is $400,000 and you are in year 5 of your 30 year loan with a 3.5% interest rate. In this example that makes your monthly payment roughly $1,800. If you decided to pay $3,600 a month instead of your $1,800 you would shorten the loan term all while spending less money on the house. This sounds greatly appealing I understand. My goal here is to simply bring math and facts to the table.

As you can see with the increase payment schedule your mortgage will cost you 532k rather than 646k. At the same time you saved more than 100k on interest. The downside to this is the fact that all of this interest can be deducted and create tax savings in the tens of thousands of dollars.

The largest point I would like to address here is the fact that I believe there is a better use for that additional $1800 a month.

Rather than cut down the mortgage what if we took that extra cash and invested it into an index fund? If we took the $1,800 a month and did just that, given a 10% rate of return you would accumulate $368,720.96 in just a 10 year span. Now what if we did it for the remainder of the loan? Investing that extra $1,800 a month for the 25 remaining years on the loan will accumulate a value of $2,388,300.13! That’s one expensive house…

Now this math has changed somewhat in the current marketplace we reside in. With mortgage rates anywhere from 5 to 7 percent the math becomes less appealing and there is definitely a stronger argument to pay down that mortgage. The rule of thumb should be, can I use this money to out earn the 6% I am paying the bank to borrow for my home? If not then consider paying down that mortgage.

One final thought, I am fully aware that owning a home is an emotional decision and not just one to be solved by math. There is something to be said about you owning your home and the dirt under it, not the bank. With that in mind I am not directly telling you to keep the mortgage payment we often find a healthy balance of investing and early payment being the most logical answer for our clients. As I said before, I wanted to present to you the math and logic around the process.

I would love to help you analyze your own situation. Please reach out!

MoneyGeek Feature: Finding the Right No Annual Fee Card

Leanne Rahn had the privilege to be featured in MoneyGeek to talk to readers about “Finding the Right No Annual Fee Card”.

Leanne discusses the pros & cons of no annual fee credit cards and what consumers should consider when paying for an annual fee credit card.

Fiduciary Financial Advisors, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.

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Should I Own My Employer's Stock?

Many engineers have the opportunity to own stock in the company they work for. Whether it’s through a 401k match, Employee Stock Purchas Plan (ESPP), Restricted Stock Unit (RSU) grants, stock options, etc., owning a piece of your company can be a great way to build wealth. However, that doesn’t necessarily mean it’s the best way to build wealth.

In this video, I take a look at the difference between owning shares of an individual engineering company vs. owning a diversified portfolio of engineering companies. I break down the math to show that diversifying across many companies is generally going to be your best bet.

The data shown in this video was obtained from the Portfolio Visualizer backtest available here.

“I am passionate about helping people improve the efficiency of their finances!”

— Andy Cole

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.

How Saving for Your Retirement Has Changed

Leanne Rahn had the privilege to be featured in West Michigan Woman’s Magazine to talk to readers about “How Saving for Your Retirement Has Changed”.

Retirement isn't what it used to be, which means we need a new way to plan for it. Not sure of the best way to do so? You're not alone.

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Artificial Intelligence Reveals the Secrets to Becoming a Successful Investor

Technology and why it is Important

My brother once asked me; would you rather be who you are today with the resources you currently have, or would you rather be John D. Rockefeller back in the early 1900s? Rockefeller was estimated to have a net worth of $24.7 billion, adjusted for inflation to 2021 dollars. After considering, I decided I would rather be who I am today with my current resources even though my net worth is just slightly lower than $24.7 billion because the average person today lives a far more luxurious life than the richest person in the world did a century ago. We have:

• Indoor plumbing

• Air conditioning for our homes and vehicles

• Penicillin to literally save our lives

• Fast reliable planes that transport us around the world

• The Internet and WiFi

• Computers that automate many tasks for us

• Amazon delivers almost anything to our doorstep within 2 days

• Miniature supercomputers in our pockets that have Apps to do almost anything

I bring this up to remind us to remain grateful/humble for the things we do have instead of being jealous or resentful of the things we do not have. Some people get scared of new technology instead of embracing how it can improve our lives. 

Artificial Intelligence

One upcoming technology is Artificial Intelligence (AI). Just as I am not a billionaire, I am also not a computer programmer, so I don’t know how the technology works but find it interesting that AI is now able to write articles/blog posts. It will be interesting to see what the pros and cons of AI will be as technology advances. Below are two responses the AI wrote when I prompted, “Write a blog post on how to be a successful investor.” Let me know what you think about the AI’s advice! (I used the website https://openai.com/) 

AI’s First Response

Investing can be a great way to grow your wealth over time. It can also be intimidating for many people, especially those who are new to it. Whether you are just getting started or you’ve been investing for years, there are some key steps you can take to be a successful investor.

1. Develop an Investment Plan. Before you begin investing, it’s important to create an investment plan. This plan should include your goals, what types of investments you’d like to make, how much you are willing to invest, and your timeline for achieving your goals. This plan should be regularly updated as your goals and circumstances change.

2. Diversify Your Portfolio. Diversification is an important part of any successful investment strategy. Investing in different types of assets, such as stocks, bonds, mutual funds, and real estate, can help you reduce your risk and increase your potential returns.

3. Research Your Investments. It’s important to do your homework before investing. Research the companies or funds you’re considering investing in, and make sure you understand the risks and potential rewards.

4. Monitor Your Investments.

AI’s Second Response

Are you looking to become a successful investor? Investing can be a great way to make money, but it can also be a huge risk. To be a successful investor, you need to have a clear investment strategy and understand the risks associated with investing. Here are some tips to help you become a successful investor. 

1. Educate Yourself: Before you start investing, you need to take the time to educate yourself. Do your research and learn about different types of investments and the associated risks. You should also learn the basics of financial markets, such as how stocks and bonds are traded. 

2. Set Goals: Before you start investing, you need to set some goals. What are your long-term and short-term goals? Are you looking to make regular income or grow your wealth over the long-term? Knowing your goals will help you decide which investments are best suited to your needs. 

3. Create a Plan: Once you’ve set your goals, you should create a plan to reach them. This plan should include a timeline of when you should invest, how much money you should invest, and what types of investments you should consider. 

4. Diversify: To reduce the risk of losses, it's important to diversify your investments. Don't put all your eggs in one basket - diversify across different asset classes, such as stocks, bonds, and cash.

“The future is already here. It’s just not evenly distributed yet.”

— William Gibson

“If you have any financial questions I would love to connect with you to help”

— Heath Biller

Fiduciary Financial Advisors, LLC is a registered investment adviser and does not give legal or tax advice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. The information contained herein has been obtained from a third party source which is believed to be reliable but is subject to correction for error. Investments involve risk and are not guaranteed. Past performance is not a guarantee or representation of future results.