WorkWithSharonBanner
Category: Financial Advisor

Buy Quality Investments

Hello my LGBT friends! I hope this blog post finds you well.

In my last blog, I spoke about getting a game plan together. Now I’m going to talk about investing.

My belief – buy quality investments and be well diversified.

QualityAndValue

Your underlying investment strategy will only be as sound as the investments you buy. You wouldn’t build a house on quicksand and expect it to be sturdy, right? Same goes for your investment portfolio. Have a good foundation.

When looking at stock type of investments, look for companies that have been in business for a long time (I usually look at companies with at least a 10 year track record) and have a history of increasing dividends. That may be a good indicator of a company with a good financial record.

Diversify!
Don’t buy stocks in just one sector. Spread the love!  You may want to pick companies from different sectors to balance out your portfolio. If you are starting out, I don’t recommend having more than 5% of your portfolio in any company. So even if you really like Coca Cola, Pepsi and Snapple, you might not want to buy all three of those companies. They do the same thing – make beverages.  If you do decide to buy all three of those companies, buy them in smaller amounts so that sector doesn’t go over 5% of your portfolio. Make sense?

Stock Sectors include:
•    Basic Materials
•    Conglomerates
•    Consumer Goods
•    Financial
•    Healthcare
•    Industrial Goods
•    Services
•    Technology
•    Utilities

To break it down even more, each sector has sub sectors –for example, Utilities include the sub sectors of electric, water, natural gas.

So remember, quality and diversify your holdings. Do you have a favorite stock?

An ADPA (Accredited Domestic Partner Advisor) designated Financial Advisor can assist you with your choices if you need help from professional.

Diversification does not guarantee a profit or protect against loss.

Past performance doesn’t guarantee future results.

 


 

Sharon_Herman_HeadshotSharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management, and affiliated with LPL Financial, the largest independent broker/dealer* in the United States. www.silverkeywealth.com

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, a registered investment advisor and separate entity from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, VA, NJ, TX. www.finra.org. www.sipc.org

*Financial Planning Magazine (June 1996-2013 based on total revenue)

 

READ MORE +

Developing A Game Plan

OK, my LGBT friends! First things first! You need to develop a game plan. What are your financial goals? Do you want to retire at a certain date? Take a dream vacation? Provide an education for your children or grandchildren?

Even Godzilla had a game plan!

Godzilla
Photo by: futuristmovies.com

You need to know what you want to accomplish before you set out and start to randomly invest money
If you were going to bake a cake, you’d make a list of ingredients that you need. Then you’d probably check your cupboards to see what you already have. After that, you’d go to the store and buy the rest. It wouldn’t make sense to go to the store and buy random ingredients and hope you end up with the right things to bake a cake…. Same goes for setting up a plan for investing your money. Write down what you want to accomplish and when and choose investments that match your timeframe and risk tolerance.

You need to be patient with your investments!
There are quite a few investments to pick from in the investing universe. – Stocks, bonds, mutual funds, alternative investments. Diversity is key. You need to be disciplined about saving money and patient with market returns. Don’t abandon a plan because of short term market setbacks. I suggest you speak to an LGBT financial advisor with an ADPA designation to assist you with your plan, if you are seeking professional assistance!

Your game plan should be looked at periodically. Have your goals changed? Are there life events happening that change our long or short term goals? If so, then maybe your investment strategy needs to change with it.

What are some of your goals?

 


 

Sharon_Herman_HeadshotSharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management, and affiliated with LPL Financial, the largest independent broker/dealer* in the United States. www.silverkeywealth.com

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, a registered investment advisor and separate entity from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, VA, NJ, TX. www.finra.org. www.sipc.org

*Financial Planning Magazine (June 1996-2013 based on total revenue)

 

READ MORE +

What is an ADPA and Why is it Important to LGBT Investors?

CDs

By Sharon L. Herman AAMS, ADPA

The ADPA (Accredited Domestic Partner Advisor) accreditation is a specialty designation that can be earned through the College for Financial Planning.

The accreditation addresses the unique financial planning needs of lesbian, gay, bisexual, and transgender (LGBT) individuals, as well as heterosexual couples who have chosen not to marry. Specifically covered are factors and situations that cause financial planning for domestic partners to be different from financial planning for legally married spouses, including wealth transfer, taxation, retirement planning, and estate planning issues; as well as alternative planning strategies for these situations.  www.cffpinfo.com/adpa.html

There are differences in financial planning for couples that live in states that do and don’t recognize same-sex marriage.

Working with someone who is specially educated and certified to know and understand these differences can help domestic partners and married couples pursue their financial goals in a more optimal manner.

 


 

Sharon_Herman_HeadshotSharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management, and affiliated with LPL Financial, the largest independent broker/dealer* in the United States. www.silverkeywealth.com

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, a registered investment advisor and separate entity from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, VA, NJ, TX. www.finra.org. www.sipc.org

*Financial Planning Magazine (June 1996-2013 based on total revenue)

 

READ MORE +