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Have You Gotten Your Financial House In Order? Before setting up an investment plan it is important to implement some key financial tasks first. Please review our blog post before beginning: Should I Start Investing Now? Decide What Type of Investment Account You Want There are a variety of types of investment accounts available depending on […]

Do These Tasks Before Investing I get a lot of calls from people looking to invest. Often I see people make the mistake of investing before their financial house is in order. For someone just starting out I recommend completing these tasks before beginning to invest. Live Within Your Means Spend less than you earn.

Case Study: Daktronics – Brookings, South Dakota Blog Series This blog post is one of a series of blog posts we intend to publish in the coming months. In each post we will review various publicly traded companies, both locally and nationally. This is not intended to be commentary on any particular company – rather

Managing Retirement Accounts in Uncertain Times COVID-19 has upended our way of life. In addition to the enormous toll it has taken on people’s lives and health, it affects those planning for retirement as well. Following are some tips on how to manage your retirement plans in the wake of this market turmoil. Everybody Should

What is an Estate Plan? An estate plan is a collection of documents designed to protect your wishes should you become incapacitated or pass away. Do I Need an Estate Plan in South Dakota? There are five main reasons you need an estate plan. An estate plan allows you to decide who gets what when

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” – Warren Buffett During the last decade the stock market rose over 300 percent. During the good times investors got greedy. In the latter part of the bull market, valuations became stretched. Investors kept buying stocks. If you had asked investors what would

Balancing Emergency Cash With Long-Term Investing Keeping a pulse on client cash needs is one of the most important jobs I have as a financial advisor. Here is an excerpt of an email I sent to clients tonight explaining how to balance short-term cash needs with long-term investment goals. Looking to earn more in your

Scary Markets Listen to the news lately and it’s easy to be fearful. The markets are experiencing panic selling. Oil is crashing. The coronavirus is spreading. It is normal to be afraid. It’s been a decade since we’ve seen price swings like we are currently experiencing. As a South Dakota Financial Planner this is the

COVID-19 Stock Market Decline We are a few days removed from one of the quickest market declines in market history. This is fresh off our post on how retirees should invest in a bull market!! Quick overview: the markets have been at all-time highs. Since 2009 many stock markets have doubled or tripled in price. Markets don’t

My emergency fund I keep $25,000 in an emergency fund. Ideally I’d like it to be $50,000. However I have competing priorities like funding my retirement accounts, saving for college, and travel. My emergency fund is for just that – emergencies. It’s my stash to help me sleep at night. Ideally I will never touch