There are many ways to think about or financial health. At Engage Advisors, we seek to help make those decisions easier and more effective. Our weekly insights are designed to help inform you in pursuit of financial well-being by reducing the confusion brought on by this complex financial industry. If there's a topic you don't see or would like to learn more about, please contact us. We're happy to help and enjoy getting ideas to write about.
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“Take what you have and make the most of it.” Sounds pretty intuitive, right? Mr. Lombardi's advice can be incredibly powerful when taken to heart, especially when exercised consistently over time. This is impactful in so...Read More
...This may sound logical and acceptable. Evidence however, is clear that more people consistently follow the crowd then Mr. Buffet’s advice. The nature of fear makes this concept very difficult to execute. Recall the depths of...Read More
Should we be taking sides? Much of the argument between active and passive investment management is based on the efficient market hypothesis (EMH). The basic premise is that it is not possible to outperform the market at different...Read More
Ask your advisor about compensation. I don’t know why this is such a difficult subject for clients to discuss. This whole work-for-pay exchange seems to cause a lot of confusion! As a client, especially if you’re working...Read More
Thank you captain obvious, I'm sure you've heard this age old adage... So why do so many people rely on one asset for the majority of their net worth? Think of your business, home, 401k, real estate investment, IRAs, etc. I'm not...Read More
Want to know why headlines are so terrifying? They are emotional. They are exciting. They are impactful. They declare a perception that things are much worse than actual reality. I see this all the time with investors I work with or...Read More
With great pleasure, it's time top break down a financially dangerous rule of thumb. "Your age should represent the % of bonds in your portfolio." Sound at all familiar? This “rule”, thankfully, is not as prevalent today as it once was...Read More
Remember the rule of thumb: The stock market returns 10% per year? This simple assumption is why you’ll always find that one guy at the party arguing that it’s better to throw it all into an index fund. If there was an...Read More
Let’s define what an emergency fund is not – it’s not a bundle of cash in a safe, under your mattress, or in a cookie jar above the fridge. An emergency fund is readily accessible money set aside to cover emergency expenses outside norma...Read More
Broken thumb: Have at least 5x your income in life insurance. I’ve seen this rule of thumb vary significantly. One company lists 5-7x your annual income, another states life insurance needs to be at least 7-10x. Recently I even...Read More
Let’s take a moment to talk about investment expenses. Whether it’s within a mutual fund, separate account, ETF, UIT, CEF or other investment vehicle, expenses matter! But they aren’t the only consideration...Read More
The year was 2007. What a time to start a career centered on investing! Expectations were high, market indexes were higher and it seemed that making money was easy. Then the “Great Recession” hit and the S&P 500 plummeted...Read More
To my readers who aren't watching the Royals play in the world series, I'm sorry... Now we couldn't let the World Series go by without including baseball could we? The Babe said it best: "Don't let fear of striking out hold you back."...Read More
The best time to start investing is 20 years ago. Have you ever heard something like that? Over time with compound returns, investing can be a powerful way to increase your wealth. It doesn't mean 20 years ago was the best time to be...Read More