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The 4 Pitfalls of No Plan

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability…While these major events can impact your life, having an effective game plan can help ensure that it doesn’t ruin your financial well-being. Read more

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Improving The Traditionally Allocated Portfolio

Published by Tyler Schlumpf

We’re going to introduce a few mathematical concepts in this article that are crucial to building a portfolio. For those that are already moving their cursor up to the X in the right hand corner, just stick with it! These concepts, whether we choose to learn them or not, have a significant impact on the way we combine investments and are important to understand as we discuss portfolio construction. Read more

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4 Simple Steps to Creating an Estate Plan

Published by Beth Schanou, JD

Most of the time, it feels like life is moving at the speed of light. I often feel my entire day, both at home and at the office, is spent in fast forward mode. As if it’s a race to get done as much as possible, I’m running from one thing to the next, all day long, and making sure every household member is fed, cared for, and attends school and their activities. Of course this includes the four-legged members of the family too. Read more

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Financial Advice is Like IKEA Furniture: You’re Not Done When You Bring It Home

By Jordan Toney, Education Specialist

I recently moved into a new apartment and went shopping at IKEA for the first time in my life. I then spent the better part of my evening and the next day putting together my new dresser and bookshelf. As I was building my new bookshelf, it struck me just how useless it was in the form that I bought it. In its box, the bookshelf basically just took up my comfortable living space. Compare that to the finished product, which serves a useful function and stands in a desirable space. While I was building the dresser, which was much more complicated than the bookshelf, I became so frustrated with one of the steps that my wife remarked that she was concerned that I wouldn’t finish the job. However, the thought of a large box leaning uselessly in the corner of our apartment motivated me to continue my work. Read more

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4 Easy Ways to Diversify Your Investments

Published By Jake Bleicher, Equity Analyst

The benefit diversified investments has for a portfolio is simple, in theory. It reduces the impact any individual investment has on the portfolio, and proper diversification can help mitigate losses during a market downturn. In practice however, portfolios can become a large hodgepodge of various assets rather than a methodical allocation. The key is to reduce the correlation between assets so that they generally perform independent of one another. Read more

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The Best Financial Advice Ever Received – a Conversation with Duane Toney (Part 1)

By Jordan Toney, Education Specialist

I sat down with each of our team members at Signal Wealth to discuss the best financial advice they had ever received. In this article, the first in this interview series, I met with Duane Toney, Managing Partner and Financial Advisor at Signal Wealth Advisors.

 Jordan: Thank you for sitting down with me, Duane.

Duane: It’s my pleasure to be with you, Jordan.

J: What is the best financial advice you ever received?

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Don’t Spend “Future You’s” Money

By Jordan Toney

The summer before my freshman year of college, I worked two jobs and earned enough money to pay for the upcoming tuition for my fall and winter semesters. By the end of the summer, I had never had so much money in my bank account. I felt like there was no way that I would run out of money; except, I did. Because I spent money, here and there during the fall, I no longer had enough money to pay for my winter semester’s tuition. I didn’t understand that I was spending money that wasn’t mine to spend. Technically speaking, the money was, of course, my own. I had worked all summer to earn it. However, practically speaking, the money really belonged to the “future me.” Read more

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5 Reasons It’s Important to Set Financial Goals

Published by Rob Furlong, Portfolio Manager

The alarm sounded promptly at 1a.m. Shortly after some rustling and grumbling the tent zippers opened and we stepped out into the frigid air. After a quick breakfast, we began heading uphill into the darkness. For the next eight hours life was little more than listening to the ice crunch with each step as we ascended over 5,000 feet into the thinning air. Shortly after 9a.m. we were at 14,200 feet-on top of one of the highest peaks in the Cascade mountain range. Read more

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Why I Became a Financial Advisor

My financial Advisor journey started in 2010, when I was 20 years old. I was in the middle of a two-year missionary service for the Church of Jesus Christ of Latter-day Saints (also known as the “LDS Church” or “Mormon church”). I was walking on a sidewalk in Colorado Springs, Colorado with my good friend, Elder Joe Olson. In between our conversations with other people about our church, Elder Olson and I would chat about various things. That day, we talked about potential careers to pursue once our missionary service was complete. The year prior to my missionary service I was a student at the University of Utah, studying music education. Read more

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The Hierarchy of Financial Needs

In 1943, Abraham Maslow developed the Hierarchy of Needs, a theory that we must address our needs in a specific order. Maslow postulated that you could not effectively address your psychological needs, such as finding a loving relationship or a sense of purpose, before you had addressed your physical needs (food, water, shelter, safety, etc.) This Hierarchy is typically represented by a pyramid, with physiological needs at its base and psychological needs above that. At the top of Maslow’s Hierarchy is a concept called Self-Actualization, the realization of one’s full potential and talents. The goal of Maslow’s Hierarchy was to help people forge a path to Self-Actualization by letting them know what needs they should address next. Read more