Emotional Wealth
Emotional Wealth is an American video, podcast, and Blog hosted by Wealth Advisor, Lon W. Broske, CFS®, CFP®. Using the current most relevant financial climate and topics, Lon is able to give his opinion on what is really going on with your finances. Topics include stock market performance, retirement savings, current events and how they impact the financial climate, general financial education and tips, and much more! Investing involves risk. Loss, including loss of principal, may occur. No investment strategy can guarantee positive results, nor can it protect against loss in periods of declining markets. Past performance does not guarantee future results. Thank you. Securities offered through Royal Alliance Associates, Inc. (RAA), member FINRA/SIPC. Investment advisory services offered through Pines Wealth Management, LLC. RAA is separately owned and other entities and/or marketing names, products or services referenced here are independent of RAA. 11475 Olde Cabin Road #220 St. Louis, MO 63141 Phone: 314-432-2334
Episodes
In this episode, Lon debunks some of the more common financial myths we hear from the media, friends, and even family. In the process of becoming a smarter investor, it's important to recognize these myths. If you or anyone has any questions or ideas for future episodes, feel free to reach out to us. We would love to hear from you!
In this episode we discuss what goes into making a financial plan. Lon goes into detail about setting financial goals, proper investment allocation, how to plan properly, and much more! If you enjoy this episode be sure to check out previous episodes and other financial content at Pineswealth.com!
In this episode we discuss how your behavior in the markets can affect your financial outcomes. Lon discusses how to properly react to the media and crises in the markets, how to form the proper mindset for investing, and many more topics. Enjoy this episode and check out previous podcasts to gain valuable insights to become a smarter investor and taking emotions out of your investment decisions.
In this episode of Emotional Wealth, we focus on a recent white paper that was done by the National Bureau of Economic Research entitled “Why is all Covid-19 News Bad News?”, which explores the media biases during the Pandemic. We also discuss the impact of headlines which have been overwhelming negative and the dangers of letting those headlines drive your investment policy.
We talk about one of the biggest unknowns in retirement – It’s psychological impact. Finding your personal “why” in retirement may help you transition to a happy and healthy retirement. I share some practical ideas that may help you find your “why” in retirement.
I think that we all can agree that 2020 had its share of challenges. No matter the person, nor the circumstance, we may not have all been in the same boat, but we certainly were in the same storm. The gambit of the reasons for our struggles last year were far and wide. Maybe you struggled with health, maybe your job, maybe you suffered stress from the presidential race, maybe you struggled with keeping your sanity, all the while...
Many people have no idea who Tom Clancy was, nor what he did. He was neither a politician, a philosopher, or a hero. He was very simply a voice of hope, when none existed. Who exactly was Tom Clancy you ask? Well, Mr. Clancy was an American radio personality best remembered for his distinctive 1971 remix of the 1965 popular song “What the World needs Now is Love”.
His rendition came at a time when the despair felt by Amer...
Part II of this Emotional Wealth podcast titled, "What's Important To Know About Social Security," will walk you through the options and strategies available to you on a Individual, Spouse, and Survivor Benefit level along with concrete examples to help you navigate through this complex issue so you feel confident when it's ready to file for your Social Security Benefits.
Here is What You'll Learn:...
In this episode, we explore the psychology of being a long-term investor by digging deeper into confirmation bias. Confirmation bias as become so prevalent in today’s highly charged political climate, that the long-term, patient goal driven investor may ignore its dangers. We also discuss the potential outcomes for investors’ portfolios depending on who wins in November.
Emotional Wealth Podcast - #1 Social Security, by Lon W. Broske, CFS®, CFP® .
This podcast "What's Important To Know About Social Security," will walk you through the basics and give you some insight and strategies on how and when might be a good time to consider filing for your Social Security Benefits.
Here is What You'll Learn
- How can you coordinate spousal benefits & Survivor Benefit...
In this addition of Emotional Wealth we discuss;
- The difference between Proactive vs. Reactive.
- Having an emotional, knee-jerk response to short-term events
- Taking an educated and intelligent non-emotional approach in analyzing the impact to their financial plan from short-term events.
- Understanding the differences between the two, and the potential impact on your financial goals.
- Using Proactive to help control your emotions duri...
What are the mechanics behind a Roth Conversion?
- Mechanically, this strategy involves converting savings from a pretax retirement account, such as 401(K) or a Traditional IRAs, to a tax-free Roth IRA.
What are the primary items to consider?
- Current and Future Tax Brackets
- Expected Income Sources
- Types and Amounts in Different Investment Accounts
- Time left until withdrawals needed
- Comfort Level with Investment Risk
Is a R...
Three Types of Bear Markets
Here's what you will learn:
Structural Bear Market:
Learn how Structural Bear markets are triggered and how they are defined. How do structural imbalances and financial bubbles play a part in this type of bear market.
Cyclical Bear Market:
Learn the functions of Cyclical Bear Market and how rising rates, impending recession, and falling profits play a part with ...
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