Byron Moore, CFP® and Mike Jones

Investing

Facing facts is hard; denying them is harder

By Byron Moore, posted April 4, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 1, 2018.
 

Couple communicating about money_sm.jpgQuestion: My wife and I do not communicate well about money. I think she is too sensitive and she would probably say I am hard-headed. Every time one of us brings it up we usually fight. So we keep putting off dealing with it. We’ve got too much debt and we aren’t making any progress towards retirement. How do people like us deal with this?

Answer: How do “people like us” usually deal with these kinds of issues? They usually don’t.

They put it off until the problem is bigger and more difficult to resolve.

But that is a horrible strategy, especially when a solution is so simple to come by.

Why did you do that? Understanding our financial decision making

By Byron Moore, posted March 26, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 25, 2018.
 

decision making - thinking_sm.jpgQuestion: I have seen my own parents and some of my friends do some things financially and otherwise that just seem obviously dumb. Or at least shortsighted. The example I’m thinking of when they buy things with a credit card that will then charge them 18% for the privilege. But it could be any number of things. Why do you think people make these kinds foolish financial decisions?

Answer: Economists like to say people are rational.

Whenever I read that, I think, “Sure are…sometimes. But other times, they are fearful, other times resentful, other times prideful and once in a while, just plain dumb.”

Understanding financial side effects

By Byron Moore, posted March 19, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 18, 2018.
 

side effects_sm.jpgQuestion: Do you pay taxes on money you make when it’s in a mutual fund?

Answer: Generally speaking, yes.

I’m pretty sure every program on network television is currently being funded by drug company commercials.

Podcast - Mistaking investing for a financial plan (2:15)

By Byron Moore, posted March 1, 2018

The following segment first aired on KEDM 90.3.

Investments may be an important part of your financial plan, but they are by no means the whole plan.

Click the picture above to play/pause audio.

Podcast - How to make financial decisions (2:23)

By Byron Moore, posted December 7, 2017

The following segment first aired on KEDM 90.3.

Making financial progress (or progress in any realm of life) is only going to happen if you grow in the skill of decision making. Here’s a process you can use to make a hard decision...

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Podcast - Diversify your diversification (3:49)

By Byron Moore, posted December 1, 2017

The following segment first aired on KEDM 90.3.

Sometimes we think about financial diversification in a very one-dimensional sense. Maybe we need to diversify our thinking … about diversification.

Click the picture above to play/pause audio.

Should I wait for the market to pull back to invest?

By Byron Moore, posted November 20, 2017
Originally published in the News Star and the Shreveport Times on Sunday, November 19, 2017.
 

probability chart dice_sm.jpgQuestion: I have recently come into some money that I want to invest. With the market at an all time high, should I wait to invest this money?

Answer: It sounds as if you know where the stock market is.

But do you know where you are?

Podcast - When is it time to invest? (3:44)

By Byron Moore, posted September 28, 2017

The following segment first aired on KEDM 90.3.

Most people who try to time their investments to the ups and downs of the market rarely make progress. So how do you know it’s the right time for YOU to invest?

Click the picture above to play/pause audio.

Four fates of your financial future

By Byron Moore, posted March 1, 2017
Originally published in the News Star and the Shreveport Times on Sunday, February 26, 2017.

Full piggy bank_sm.jpegQ: What will happen to money remaining in my 401K if I die? Does the company get that?

A: The good news is no, the company doesn’t get it. The bad news is…what do you mean “if”?

A 401K account has a beneficiary designation, meaning you get to decide before you die who gets anything remaining in it when you die. This is most often your spouse, but even if that’s the case, be sure you name a “contingent” beneficiary – meaning someone who gets the money if your spouse dies with or before you.

The S&P 500s $20 trillion value... how did we get here?

By Mike Jones, posted February 16, 2017

As I was driving to work this past Monday morning, a reporter for Bloomberg Radio announced that the collective value of the S&P 500 had exceeded TWENTY TRILLION DOLLARS for the first time ever. 

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