Do You Go Pro or Go Solo to Manage Your Trust?
A trust is a sophisticated asset management tool that relies on its manager to understand the risks and rewards behind its investment strategy. Many wonder whether they will benefit from having a professional manage their trust for them. We asked Charles L. Stanley, Partner and Financial Planner from our San Diego office, to help you […]
Read ArticleCan The Lottery Ruin Your Life?
“For most people who win the lottery, it actual ruins their life.” Charles Stanley has decades of financial planning experience. He’s seen a little bit of everything when it comes to personal finance. Wealth building is a mindset that is unfamiliar to a lot of people. Charles uses the lottery to explain how our behavior […]
Read ArticleTrust Basics
Lots of people talk about trusts and while there are multiple reasons why you may want to consider setting one up, understanding exactly what a trust is and does isn’t always clear. Our own Charles L. Stanley, WorthPointe Partner and CERTIFIED FINANCIAL PLANNER™ professional, boils it down to the simplest of terms:
Read ArticleWisdom and Your Financial Planner
It truly is a fool who doesn’t want to be wise or receive wise counsel. However, I know from experience that wisdom is not the highest thing on the agenda for many people when they look for an investment advisor. For many, what they are looking for is someone who will make them rich — […]
Read ArticleLife as a San Diego WorthPointe Financial Planner
The first thing people generally think about when San Diego comes up is weather, since “America’s Finest City” allegedly has the best weather in the country. That may be true, but unless you work as a lifeguard, gardener or other outdoor-based job, you’re usually looking at the sunshine from indoors, and don’t get much of […]
Read ArticleDo you recognize the 4 early warning signs of personal financial doom?
You have been doing well for yourself. You have made good money and accumulated a reasonable degree of personal wealth. But, in your gut, you fear you could lose it all. You could wind up in poverty. What would it be like to wake up one morning and find you are losing your business and […]
Read ArticleFour options for who you should name as trustee
You are thinking seriously about getting your estate planning done. You need to create a trust. You are in a quandary about who you should name as successor trustee. Read on and I will help you think through a few points about who you should name as successor trustee. What Are a Trustee’s Duties? Many […]
Read ArticleGod Owns it All
“Its mine, I worked hard to earn it and it is mine! Don’t tell me how to handle it!” That’s how I used to think. But then, I had an epiphany. Its not mine after all. What I truly believe about the world deeply affects how I relate to the world. That could not be […]
Read ArticleA Trustee’s Fiduciary Duties
I believe the majority of trusts are managed by family members rather than professional trustee or fiduciaries. That is hard to prove since trusts are private documents, but my near 30 years of experience working with trustees makes me believe that is the case. Having family members act as trustee saves money over the cost […]
Read ArticleInvesting: A Matter of Faith
Investing, in the final analysis, is a matter of faith. This, I think, is an important fundamental to understand. I am not writing of “blind faith.” Nor, necessarily, religious faith. It is my conviction that there is no such thing as blind faith. If a person acts blindly, it is not out of faith; it […]
Read Article