Byron Moore, CFP® and Mike Jones

Investing

Choose the Right Vehicle for Your Environment

By Byron Moore, posted November 6, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, November 4, 2018.
 

Who would design a car like this?Plane Cessna_small.jpg

First there’s the sheer size. There’s just no way, at 73 feet long, it’s ever going to fit into a normal person’s garage. And at nearly 20 feet tall, it may not even go under many bridges on today’s highways. 

And how ridiculous is this…it is nearly as wide as it is long (69 feet at its widest point)! Can you imagine driving down the Interstate and seeing a vehicle 69 feet wide? You’d have to have a sign hanging on the back that said “Wiiiiiiiiide Load.”

Yet with all that size, it can only carry twelve passengers. Granted, many cars cannot carry twelve passengers. But if you need to carry that many people, just get a van. Some of those are big enough to carry 15 people. 

And the cost? Well, that’s the worst part. You could buy 100 traditional luxury automobiles for the price of just one of these monstrosities. There is absolutely no good reason to pay all that money when many other less expensive and more practical cars are available.

That is, unless you want to travel 30,000 feet above the highway at speeds exceeding 500 miles per hour. 

Retirement Prep - Balance Your Economic Strategies

By Byron Moore, posted October 8, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, October 7, 2018.
 

Shelly never realized how simple retirement would be.Piggy bank balance_small.jpg

“Will I have enough money coming in each month to live like I want to live?” she said. “And will it last as long as I do?”

Very simple.

But really hard. 

At first, she thought it would be as simple (and easy) as saving enough into her 401K plan. So, she just maxed out the amount she could withhold from her paycheck each month and put those withholdings into her company’s 401K plan. The company matched her contributions up to a certain amount, and she knew she’d also get some Social Security.

She was all set. Or so she thought.

When she turned 50, Shelly thought it might be a good idea to go see a financial planner to see if there was anything she might be missing. And good thing she did.

Investing Weather - Be Prepared for the Changes

By Byron Moore, posted September 24, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, September 23, 2018.
 

“This is awesome!” she smiled. Weather water boat_small.jpg

Her tiny craft seemed to almost float over the smooth waves. The water was a deep turquois blue set against baby blue skies marked with wispy white clouds. It was a beautiful day to be sailing.

Until the weather changed. Almost without warning, dark clouds lumbered their way across the sky. The wind picked up and the once peaceful waters turned choppy and violent. The little boat struggled to stay afloat during the fierce storm. She soon had a very unpleasant reminder of what she’d had for breakfast.

“This is terrible!” she wailed, heaving over the side of the boat. “Whose stupid idea was this to go sailing today?!”

Weather on the water isn’t always easy to predict and when it turns ugly, things can get dangerous quickly.

The same can be said of the investing environment. Everyone wants to see their investment and retirement accounts grow, and “as fast as possible” may sound like a good idea…at first. But then the weather changes…

Suppose you were an Englishman 200 years ago wanting to cross the English Channel to go to France. Any crossing must be done by boat. The kind with sails. 

You have several choices to make.

Emotions - A Powerful Force

By Byron Moore, posted August 15, 2018

The following segment first aired on KEDM 90.3.

Emotions can be a powerful force, how will you harness them?

Click the picture above to play/pause audio.

Pension or Lump Sum, Which Should I Choose?

By Byron Moore, posted August 8, 2018

The following segment first aired on KEDM 90.3.

If you're being offered the choice between a monthly pension and a lump sum, which should you choose?

Click the picture above to play/pause audio.

Back to Normal

By Byron Moore, posted July 24, 2018

The following segment first aired on KEDM 90.3.

When will things get back to normal?

Click the picture above to play/pause audio.

Are You Afraid of the Wrong Thing?

By Byron Moore, posted July 17, 2018

The following segment first aired on KEDM 90.3.

When it comes to fiances, are your fears misplaced?

Click the picture above to play/pause audio.

Tax Cuts v. Tariffs

Posted July 12, 2018

Mike and Byron discuss the recent tax cuts and tariffs.

 

 

Thinking Like an Investor

By Byron Moore, posted July 2, 2018
Originally published in the News Star and the Shreveport Times on Sunday, July 1, 2018.

 

“Should I be worried?”Stock Market Question_small.jpg

In my world, you get this phone call on a regular basis. I’m actually glad to get it, because it gives me an opportunity to remind folks what we are doing and what we are not doing.

“The market was doing so well last year, now it’s really slowed down. Should I be worried?”

He was right. The stock market did extraordinarily well in 2017, much to the surprise of nearly everyone. Depending on which measuring stick you use, the United States stock market was up anywhere from 21% to 28% in 2017.

Now, things seem to have taken a pause. Is it North Korea? Or corn prices? What about all these new tariffs? The new tax law? The president? The congress? The Illuminati exercising secret mind control over the markets?

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.

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