All tagged Financial Planner San Luis Obispo

Ep. 41 Business Owners with Young Kids, Create a "Family Fun" Account

Ep. 41 Business Owners with Young Kids, Create a "Family Fun" Account

Eric Maldonado, CFP®, MBA
Business Owners, Podcast, Cash Flow Planning

Business Owners with young kids, do you find yourself wanting to invest more time and money into your family and kids while they’re young? One way to force you to take the vacations, the trips, or spend the time away with your family and kids while they’re young is to set aside a certain amount of money into a separate business account every month. Once per quarter take that money as an owner draw and spend on family fun and creating memories.

Contact Us: https://www.aquilawealth.com/contact-us

Eric Maldonado, CFP®, MBA

Ep. 40 When Markets Drop Focus On These 2 Things

Ep. 40 When Markets Drop Focus On These 2 Things

Eric Maldonado, CFP®, MBA
Podcast, Investment Planning

When markets drop and your investment balances go down, it doesn’t make anybody feel “good.” It can be very stressful and worrisome to see your investment drop in value. What are some ways you can channel your feelings of fear and gloom into a more productive perspective when it comes to investing? Number 1, is to focus on your plan. Now, you might be saying, “I can’t go back in time to create a plan, I need help now!” And you’re correct, we can’t go back in time, but that doesn’t mean you can’t draw up a plan now for the next market dip. Because it is a matter of “when” not “if” the next market correction or recession takes place. You can prepare yourself now for the next market drop. The 2nd thing you can do to prevent yourself from making a mistake during negative stock market days is to put in place a “human barrier.” Have someone you can call on to come between you and a regrettable buy or sell decision. In other words, have someone you can talk to before you make a move in your investment accounts at an emotional time. Things will get better, sometimes it is hard to see that on your own. Have someone you can turn to to help you see the light when everything looks dark.

Contact Us: https://www.aquilawealth.com/contact-us

Eric Maldonado, CFP®, MBA

Owner, Aquila Wealth Advisors, LLC

(805)250-4552

info@aquilawealth.com

San Luis Obispo, CA

https://www.aquilawealth.com/

Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.

Ep. 39 The Emotional Toll of Investing in Individual Stocks vs. Index Funds

Ep. 39 The Emotional Toll of Investing in Individual Stocks vs. Index Funds

Eric Maldonado, CFP®, MBA
Podcast, Investment Planning, Business Owners

In today’s episode, I’m talking about the hidden cost of investing in individual stock vs investing in a basket of companies inside of an Exchange Traded Fund (ETF), Index Fund, or Mutual Fund. Namely, the emotional toll it can take to invest in individual companies. Is it worth experiencing the stress and angst it takes to invest in individual companies? Sometimes, investing in a broad range of companies within an ETF or an Index Fund is less stressful and takes less of an emotional toll on the investor. When you’re invested in a bunch of companies with a fund you’re less likely to fixate any one company. Whereas focusing on one company's results can bring about a much more emotional ride.