Poet Robert Browning said “less is more.” As we work toward our financial goals, we should stay focused on less things.
Many humans, like me, have a tendency to make things more complex than necessary. As we work toward financial goals, let’s keep things simple and let’s start with avoiding “unforced errors.” Read Full Article
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The Important Succession Questions Around Whether or Not it’s Worth it
Have you ever asked yourself life’s most important question, “what is the point to what I am doing?” Or maybe it’s more like, “why am I am doing what I am doing?” For our farm clients at Dunncreek Advisors, it’s a valid question that runs through the minds of every farm owner that walks through our doors. Honestly, have you thought about what your purpose is? Many of our clients come in and tell us that they are working hard and building something that will hopefully bless their next generation. However, is building up your farm truly going to bless others? Is it your true purpose? Dunncreek Advisors can help to be a third party resource when important decisions like your farm legacy come into play, regardless of your purpose. Read Full Article
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Why Are You Not Beating the Market?
Often people wonder why their personal investment account is not growing as fast as the indexes they hear about in the news.
Unless your investment account owns all 500 stocks in the S&P 500 in the same proportions as the index, your account CANNOT match the index. And, if your goals call for less volatility than the overall stock market, you will likely own some fixed income investments and a variety of different kinds of stocks in a diversified portfolio. Read Full Article
How to Pick a Financial Advisor
When you decide you need advice to meet your financial goals, be sure to keep these keys in mind as you select your advisor.
Currently there are very few common standards in the financial service industry, so it’s easy for someone to say they are a financial adviser. As you look for a partner in building your financial plan, it helps to ask a few questions: Read Full Article
Key Questions Around Your Estate Plan
When is the last time that you reviewed your estate plan? Here at Dunncreek Advisors, we believe it is important to take a look at your plan at least every 3 years, or any time an important life event has occurred in regards to any individual named in the estate plan. Time and time again, we find that individuals that have an estate plan in place do not have much of a grasp around the finer details. What we try to instill in our clients is that the value of your estate can change over time and your relationships and priorities may also change or be altered. At Dunncreek Advisors, we can provide you with guidance throughout the review process of your estate plan. Read Full Article
Preventing a Family Feud Financially
The passing of a close family member is never easy. While our focus should be on the enjoyable memories that we had with our loved one, our mind often gets overwhelmed as one deals with a loved one’s estate. The best way to prevent a family feud financially after a loved one’s death is to begin the process now and take the necessary steps to prepare through estate planning. Our team at Dunncreek Advisors is here to help you every step of the way.Read Full Article