Ask the CFP

Trust Your Instruments

“We can chart our future
clearly and wisely only when we know the path which has led to the present.” ~ Adlai E. Stevenson, 1900-1965,
American Politician

Ask The CFP® Practitioner Darcie Guerin Question: Should I be worried about the problems with Deutsche Bank? Answer: That’s a question many in our industry have been asking. The answer is “it depends.” The markets had just settled down after the post-Brexit rally and now Deutsche Bank is reviving some of that volatility. Much of the concern over the bank’s future ... Read More »

Let’s Get Fiscal


Ask The CFP® Practitioner Darcie Guerin “I always avoid prophesying beforehand, because it is much better policy to prophesy after the event has taken place.”  ~ Sir Winston Churchill (1874-1965) Question: What is the difference between fiscal and monetary policy? Can you also explain the role of central banks, especially during these interesting economic times? Answer: Central banks exist to oversee ... Read More »

Real Estate, a Sector of Its Own


Ask The CFP® Practitioner Darcie Guerin Question: I’ve heard that real estate is being added as a new sector to the stock market. Is this true? Answer: Yes, you’re right. As of August 31, 2016 stock-exchange listed real estate companies officially became a sector of their own. Prior to this, real estate fell under the financial sector. Some investors thought that ... Read More »

Funding Your Future

Key elements to success ...
include starting early and make saving and investing a priority.

Ask The CFP® Practitioner Darcie Guerin “Constant dripping hollows out a stone.” – Lucretius, Roman Philosopher, 99-55 BC Question: What is the best way to start spending funds during retirement? Answer: There’s no one-size-fits-all approach, exact scientific formula or precise system to use when it’s time to start taking withdrawals from your retirement funds. It’s more of a subjective and ongoing ... Read More »

Demographics Matter


Ask The CFP® Practitioner Darcie Guerin  “Every new day begins with possibilities. It’s up to us to fill it with the things that move us toward progress and peace.” – Ronald Reagan Question: How will the aging of baby-boomers affect economic growth? Answer: Changes in the age of a large segment of our population will have significant impact on jobs, production ... Read More »

Resilience is the Key


Ask The CFP® Practitioner Darcie Guerin “Pessimism leads to weakness, optimism to power.” – William James, American Philosopher (1842-1910) Question: What are your thoughts concerning the financial markets response to Brexit and the overall performance of stocks and bonds so far for the year? Answer: We’ve certainly had our share of uncertainty and volatility in the first half of 2016. ... Read More »

What To Do When You Don’t Know What To Do


ASK THE CFP® PRACTITIONER Darcie Guerin In the last column we discussed how financial planning involves so much more than just managing an investment portfolio. We explored several aspects of cognitive changes associated with Alzheimer’s and the concerns this evokes relative to financial planning. As promised, today we’ll cover five distinct financial management issues related to conversations with caregivers and family ... Read More »

Myth Busters: Alzheimers and Dementia Planning for Uncertainty Part II

Submitted Photo

Ask The CFP® Practitioner Darcie Guerin “Strengthen me by sympathizing with my strength, not my weakness.” – Amos Bronson Alcott (1799-1888), American philosopher and Louisa May Alcott’s father. Question: I’m concerned about the possibility of my parent developing Alzheimer’s or experiencing some sort of cognitive decline. What advice can you offer? Answer: Having experienced this heartbreaking disease in my own ... Read More »

Money in Motion; What’s Next?


Ask The CFP® Practitioner “Plans are nothing. Planning is everything.”  – Dwight D. Eisenhower Question: My business sold and the transaction will close next quarter. What are your thoughts on how to proceed? I don’t want to overlook anything. Answer: As with all major changes, my first recommendation is to go slowly. The financial strength, stability and integrity of the ... Read More »

Ask the CFP


ASK THE CFP® PRACTITIONER Darcie Guerin “All men by nature desire knowledge.” – Aristotle 5/29 is National College Savings Day Question: I hear a lot about 529 Plans but I’m not really sure what they are. Could you explain what makes them special? Answer: May 29th is more than the day before Memorial Day or the day when the Indy 500 ... Read More »

Too Much of a Good Thing?


Ask The CFP® Practitioner Darcie Guerin “We can be sure that the greatest hope for maintaining equilibrium in the face of any situation rests within ourselves.” – Francis J. Braceland, former U.S. Surgeon General  Question: My portfolio contains a fair amount of stock in the company I retired from. One of my children still works for the same company. What ... Read More »

Knowing When to Ask for Help


ASK THE CFP® PRACTITIONER Darcie Guerin Humble people ask for help.” – Joyce Meyer, American Author Question: I’m not sure if I need the help of a financial advisor. At what point should someone seek professional help with their finances? Answer: Most of our new clients approach us when there is a significant change in their lives such as preparing for ... Read More »

The Saudi Prince, Oil and Electric Vehicles


ASK THE CFP® PRACTITIONER Darcie Guerin “Straight roads are for fast cars, turns are for fast drivers.” Colin McRae, British Race Car Driver, 1968-2007. Question: How will sales of Electric Vehicles (EVs) impact oil demand and how prevalent is the use of EVs at this time? Answer: More Electric Vehicles (EV) on the road will certainly reduce oil demand. During the ... Read More »

Files and Piles: Should It Stay or Should It Go Now?


ASK THE CFP® PRACTITIONER Darcie Guerin Our life is frittered away by detail. Simplify, simplify. ~ Henry David Thoreau  Question: How long do I need to keep my financial documents? I have tax returns, investment statements, credit card bills and loads of other paperwork. I’m not sure if I need to hang on to it any longer. Help! Answer: Here we ... Read More »

Election Day and the Markets


ASK THE CFP® PRACTITIONER Darcie Guerin The only limit to our realization of tomorrow will be our doubts of today. –Franklin D. Roosevelt Question: Does the stock market do better when there is a Democrat or a Republican in office as President? Answer: It’s a common misconception that financial markets do better when Republicans, or the Grand Old Party (GOP), occupies ... Read More »

Chasing Windmills


ASK THE CFP® PRACTITIONER Darcie Guerin The essence of portfolio management is the management of risks, not the management of returns. All good portfolio management begins and ends with the premise! – Benjamin Graham (1894-1976), author of “The Intelligent Investor.” Question: Should we be worried about the economy heading into a recession? Answer: My answer might be “yes” if stock market ... Read More »

The January Effect

B22 CBN 2-19-16

ASK THE CFP® PRACTITIONER Darcie Guerin “Prosperity is not without many fears and distastes; and adversity is not without comforts and hopes.” – Sir Francis Bacon Question: Is it true that how the stock market behaves in January indicates what it does for the rest of the year? Answer: “As January goes, so goes the year,” was conceived in 1972 by ... Read More »

Domicile, Residence and Homesteads, Oh My!


ASK THE CFP® PRACTITIONER Darcie Guerin “The strength of a nation derives from the integrity of the home.” ~ Confucius Question: As a retiree from another state, with homes in both places, I’m confused about the difference between residency, homestead and domicile. I read all the information on various workshops and seminars on this topic, yet I’m still confused. Please help. ... Read More »

The China Syndrome: The Week That Was


ASK THE CFP® PRACTITIONER Darcie Guerin “The best thinking has been done in solitude. The worst has been done in turmoil.” ~ Thomas A. Edison Question: Could you explain what happened to the stock market during the first week of 2016? Answer: That’s a tall order, but here’s my best shot at describing a few of the market moving events that ... Read More »