Investing Tips Winston Salem NC

Good investing can bring peace of mind, security and the lifestyle you and your family want to live. On the other hand, poor investing or not investing can cause a lot of personal and family stress.

Barry Swaim
Wealth Management Group, Inc.
(336) 760-4829
3401 Healy Drive
Winston-Salem, NC
Retirement Plan Investment Advice, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Investment Advice without Ongoing Management, Middle Income Client Needs, Tax Planning
NAPFA Registered Financial Advisor, CFP®

Mrs. Laura E. Banasiewicz, CFP®
(336) 774-2808
P.O. Box 26043
Winston Salem, NC
Allegacy Investment Group

Data Provided by:
Mrs. Amy L Jucoski, CFP®
(336) 747-8931
One West Fourth Street
Winston-Salem, NC
Wells Fargo

Data Provided by:
Mr. Charles J. Wondra, CFP®
(336) 747-8919
1 W 4th St
Winston Salem, NC
Abbot Downing
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Intergenerational Planning
Key Considerations
Average Net Worth: $5,000,001 or more

Average Income: $1,000,001 or more

Profession: Business Executives

Data Provided by:
Mr. Joshua R Donley, CFP®
(336) 464-9966
101 N Cherry St Ste 504
Winston Salem, NC
Mosaic Capital Management, LLC
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Retirement Income Management
Key Considerations
Profession: Medical/Dental Professionals

Data Provided by:
Gregory Yahn
Yahn Financial Planning
(336) 478-2363
7800 Airport Center Drive, Suite 401
Greensboro, NC
Middle Income Client Needs, Investment Advice without Ongoing Management, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. George H. Knostman Iv, CFP®
(336) 884-0410
Sharrard, McGee & Co., P.A.
High Point, NC
Sharrard McGee & Company

Data Provided by:
Mr. Johnny A. Williams Iii, CFP®
(704) 331-4441
100 N Main St
Winston Salem, NC, NC
Morgan Stanley Wealth Management

Data Provided by:
Mrs. Jennifer Wingler Johnson, CFP®
(336) 397-1406
524 North Trade Street
Winston-Salem, NC
Blue Rock Advisors

Data Provided by:
Mr. J. Thomas Knight, CFP®
(888) 976-9726
301 N Main St Ste 2478
Winston Salem, NC
Winston Paul Capital Management, Inc.
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Data Provided by:

Investing Tips

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Investing Tips

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A financial advisor and friend once told me, ”It doesn’t matter how good of job someone has, if they want to acquire wealth in this life, at some point they are going to have to invest in something.” Investing is something most people will do during their lifetime. They may invest in real estate, life insurance, stocks, bonds, mutual funds or a simple 401K.

Good investing can bring peace of mind, security and the lifestyle you and your family want to live. On the other hand, poor investing or not investing can cause a lot of personal and family stress. Here are a few basic ideas and tips for someone just beginning his or her portfolio:

Start Young

Albert Einstein supposedly called compound interest “the eighth wonder of the world.” The younger you start investing, the less you will have to invest to enjoy the same yield. For example, suppose you have a retirement goal of $500,000 and you want to retire at age 65. (For this example, we’ll use an average return of 6%)

If you start investing at age 35, you will have to invest $498 each month for 30 years for a total of $179,191 to reach you goal. However if you begin to invest at age 55, you will have to invest $3,051 each month, or a total of $366,123 to reach your retirement goal. Money invested while you are young yields a much higher return.

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Community: Investing Tips

It’s deeply ironic, but in many respects the safest approach you can take is to view everything you do as a speculation. If you have a good paying position today, what are the odds you’ll still have it tomorrow? Could your job be outsourced, your company downsized, or your position refilled by someone better educated, more qualified or younger?

When you purchased that piece of real estate as a long term investment, were you counting on your current or future income to pay for it? Is it increasing in value? Did you buy with the attitude that prices can’t go anywhere but up, not considering that you might be riding a real estate bubble that could one day burst? Or were you blindly following the advice of Will Rogers: “Buy land; they’re not makin’ any more of it”?

Maybe your ancestors struck it rich in real estate, but that doesn’t mean your purchase came with a guarantee that said, “This property will earn you 20 percent in ten years!” Despite what many would like to believe, buying real estate is not necessarily a money making investment. That should be abundantly clear from plunging real estate values, the sub prime lending debacle and the Wall Street meltdown that’s resulted from it. As is the case with any financial asset, the price of real estate will fluctuate down as well as up. And any asset that doesn’t come with an up front guarantee of return of capital has to be considered speculative.

Life’s other speculations

People enter into all sorts of ventures with the best of intentions, with or without the up front analysis called “due diligence,” and still expect favorable long term outcomes. For example, they commit to religions, obtain higher educations, join gyms, support their favorite sports teams, take new jobs and get married.

Would you consider marriage, one of the most important decisions in life, an investment, speculation or gamble? We assume you gave the right answer. That’s right: Marriage is the mother of all gambling ventures, still considered a social and religious obligation despite high divorce statistics. Marriage comes with no guarantees whatsoever and often has ups and downs like those of the stock market. Emotions can overshadow rational thinking, which is why you need to conduct up front due diligence on the intellectual, spiritual and physical levels — whatever that may entail — before taking the plunge.

Keep your emotions in check

You can get into all kinds of trouble when emotions drive your life — whether you are choosing the right job, the right spouse, and of course making any financial decision in which outcomes can’t be guaranteed. Life is a risky business indeed. And the exchange of financial assets — whether real estate, stocks, bonds, mutual funds, or entire businesses — is about the transfer of risks.

That transfer may occur between someone who no longer sees the opportunity as attractive (do they know something that you don’t?) and one who sees an attractive opportunity (you?), but may be caught up in the euphoria of rising asset prices and end up holding the last bag. You have to keep your emotions in check if you are to speculate in the strict sense of the definition.

Before you take risks on real estate, mutual funds, commodities, a start up business, the stock market or any other financial asset, analyze whether or not are you doing so compulsively or intuitively, based on “gut feel,” or just “because everyone else is making a killing.”

Have you gone through a comprehensive analysis and researched the current risk environment? It’s not uncommon for your emotional and your rational self to have diverging opinions. There’s nothing wrong with that. But before you pen out a check or, for that matter, “bet the ranch,” make sure you double check your views and emotions by looking at the capital markets. That’s where the real market value of an instrument is usually determined.

Even then, be sure to examine the fundamental economic and financial factors of any speculation, rather than rely solely on the collective opinions of crowds and traders. The reality is that their decisions to buy or sell may have nothing to do with an earnings report or an economic forecast, but be driven by emotions, or contingent on the good or bad mood of a particular trading day.

Co-authors Jose D. Roncal and Jose N. Abbo share some 50 years of senior executive experience in international business, finance and economics. Both have authored numerous articles on business strategy, finance, accounting, capital markets and the global economy. For more on the authors and their book, The Big Gamble: Are You Investing or Speculating?, visit:

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