FLBC 023: The Question Bonanza – Part 2

I continue to tackle questions from the investing public.

Podcast Details:

Podcast Title:  The Question Bonanza – Part 2
Podcast Series: Financial Literacy Boot Camp

Full Illustrations available on YouTube Version here.

Questions/Issues We’ll Address on this Episode:

I tackle investor questions.

– How should I construct my portfolio? (for DIY investors)

– What do I need in my estate plan?

– Should I contribute to my HSA or not?

Helpful Links:

Submit a “Boot Camp Listener” question

Where to Find Us:

Website
Blog
LinkedIn
Facebook
Twitter #FinancialLiteracyBootCamp

Bio:

Dominique is owner of DJH Capital Management, LLC. a full service, comprehensive financial planning firm helping individuals build roadmaps to reach their financial dreams.

© 2016 DJH Capital Management, LLC.

Sound bumps provided by www.bensound.com

FLBC 022: The Question Bonanza – Part 1

I tackle questions from clients, listeners and the general public.

Podcast Details:

Podcast Title:  The Question Bonanza – Part 1
Podcast Series: Financial Literacy Boot Camp

Full Illustrations available on YouTube Version here.

Questions/Issues We’ll Address on this Episode:

I tackle investor questions.

– What type of insurance should I have?

The Building Blocks of a Financial Plan – Part 1

The Building Blocks of a Financial Plan – Part 2
– What should I look for in a financial advisor?

References:

FINRA: https://brokercheck.finra.org/
SEC: https://adviserinfo.sec.gov/
CFP Board: http://www.letsmakeaplan.org/

– How much should I invest in the market?

Helpful Links:

Submit a “Boot Camp Listener” question

Where to Find Us:

Website
Blog
LinkedIn
Facebook
Twitter #FinancialLiteracyBootCamp

Bio:

Dominique is owner of DJH Capital Management, LLC. a full service, comprehensive financial planning firm helping individuals build roadmaps to reach their financial dreams.

© 2016 DJH Capital Management, LLC.

Sound bumps provided by www.bensound.com

FLBC 021: The Year End Planning Guide – Part 3

Want to know what actions to take for your investments, tax, and estate plan?

Podcast Details:

Podcast Title:  Year End Planning Guide- Part 3
Podcast Series: Financial Literacy Boot Camp

Full Illustrations available on YouTube Version here.

Questions/Issues We’ll Address on this Episode:

-The most common ways to estate plan, and
-Why you would (or would not) create a trust for your assets

Helpful Links:

Click here for our Year-End Tax Planning Guide.

Submit a “Boot Camp Listener” question

Sign up for more updates like these

Where to Find Us:

Website
Blog
LinkedIn
Facebook
Twitter

#FinancialLiteracyBootCamp

Bio:

Dominique is owner of DJH Capital Management, LLC. a full service, comprehensive financial planning firm helping individuals build roadmaps to reach their financial dreams.

© 2016 DJH Capital Management, LLC.

Sound bumps provided by www.bensound.com

Protecting, Maintaining and Enhancing Your Credit

You have to know the rules, if you want to play the game.

For years, there has been a fairly profitable industry in credit reporting.  In this age of Big Data, the trafficking of personal information feeds the marketing machine that drives the spending of the all important greenback in our global economy.   But how can the average consumer protect, maintain and even enhance his or her credit?  The fundamental thing to understand from a lender’s point of view though is whether a loan will be paid back –  this is known as default or credit risk.  Typically speaking, lenders are interested in two things:  principal repayment and cash flow while the loan is outstanding.  So, having a good system to evaluate the likelihood of a borrower’s ability to repay is crucial to: whether the loan should be made at all, and what interest rate should be charged.  So let’s see if we can uncover some ways to understand and even take advantage of that system to benefit you!

Continue reading “Protecting, Maintaining and Enhancing Your Credit”

FLBC 020: The Year End Planning Guide – Part 2

Want to know what actions to take for your investments, tax, and estate plan?

Podcast Details:

Podcast Title:  Year End Planning Guide- Part 2
Podcast Series: Financial Literacy Boot Camp

Full Illustrations available on YouTube Version here.

Questions/Issues We’ll Address on this Episode:

-Reasons for Tax Loss Selling/Harvesting and
-Advantages of doing so

Link to Tax Loss Selling white paper

Helpful Links:

Click here for our Year-End Tax Planning Guide.

Submit a “Boot Camp Listener” question

Sign up for more updates like these

Where to Find Us:

Website
Blog
LinkedIn
Facebook
Twitter #FinancialLiteracyBootCamp

Bio:

Dominique is owner of DJH Capital Management, LLC. a full service, comprehensive financial planning firm helping individuals build roadmaps to reach their financial dreams.

© 2016 DJH Capital Management, LLC.

Sound bumps provided by www.bensound.com

When Is Enough, Enough?

Is there a point at which we won’t hear so much about athletes being the victims of financial fraud?

For years, it seems the spotlight has been inexorably drawn to athletes (as opposed to Joe Blow consumer) that have been prey to bad financial advice.  We’ve all read the stories of grand fraud perpetrated under the guise of “financial advice”.  I wonder just how de-sensitized have we become to this phenomenon.  Just recently, 60 Minutes aired yet another example of fraudulent behavior that cost athletes $43 million (of which in all likelihood, there will be little to no recovery).  Couldn’t the major sports organizations create higher barriers of entry to current and “would-be” financial advisors wanting access to their players?  I think having not done so at this point sends a certain message. (I’ll leave that message up to your own imagination.) It has been estimated that just since the NFLPA’s financial advisor program launched in 2002, athletes receiving advice from advisors approved by the program have lost $150 million.  Obviously, there are a lot of ways to attack this problem and it may indeed start with better athlete education.  If so, maybe it is incumbent on organizations like the NCAA to get more involved since the large majority of athletes have to spend some time in an undergraduate classroom before their pro career.  How about making a personal budgeting and financial literacy class mandatory in order to continue NCAA eligibility?  Oh, I’m sure it would get a lot of pushback, but after all, we are asking them to look beyond the next 10 years to their “future” self.  Sports leagues with formal programs like the NFLPA’s Financial Advisor program could radically help efforts by just requiring (or even engaging in) an annual audit of participating advisors (something similar to what FINRA or the SEC would conduct).  We all know that the “Top Four” professional sports leagues have deep enough pockets to fund something like that.

Ultimately, it may have to begin with the athletes willing to speak up to allow change to occur.  Considering the relatively short career of the average athlete, that time may need to come sooner than later.  But then again, maybe no one really cares…

FLBC 019: The Year End Planning Guide – Part 1

Want to know what actions to take for your investments, tax, and estate plan?

Podcast Details:

Podcast Title:  Year End Planning Guide- Part 1
Podcast Series: Financial Literacy Boot Camp

Full Illustrations available on YouTube Version here.

Questions/Issues We’ll Address on this Episode:

Click here for our Year-End Tax Planning Guide.

-Understand the Tax Formula
-Tax Saving Strategies

Helpful Links:

Submit a “Boot Camp Listener” question

Sign up for more updates like these

 

Where to Find Us:

Website
Blog
LinkedIn
Facebook
Twitter #FinancialLiteracyBootCamp

Bio:

Dominique is owner of DJH Capital Management, LLC. a full service, comprehensive financial planning firm helping individuals build roadmaps to reach their financial dreams.

© 2016 DJH Capital Management, LLC.

Sound bumps provided by www.bensound.com