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Investment Strategy: Where You Are Now vs. Where You're Headed

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on May 19th, 2023

From CEOs to athletes, most people striving for a certain level of performance are constantly assessing where they are and where they want to be. Regularly checking in helps them decide if they’re effectively using all their resources.

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  • Goals
  • Investing
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What does "Wealth" Mean to You?

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on January 27th, 2023

In our client meetings, the term “wealth” is often tossed around somewhat loosely. We talk about building wealth, managing wealth, enhancing wealth, and preserving wealth as if the concepts are universally understood. But what exactly is wealth? It’s such a vague term that every person has a slightly different meaning.

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  • Financial Literacy
  • General
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Preparing for Lifetime Income in Retirement

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on August 12th, 2022

There was a time when old retirement planning models like “the 70 percent rule” were more common. This rule stated that a retiree only needed 70% of their pre-retirement income to live comfortably in retirement. These “rules” may have worked for some retirees several decades ago but can be dangerously flawed in today’s new normal retirement.

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  • Financial Literacy
  • Investing
  • Retirement
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Financial Planning for Young Professionals

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on August 3rd, 2022

Your 20s are often seen as a true coming of age when financial responsibility opens up the possibility of turning your dreams into reality. You’re settling into life after university, paying off debts, and starting to really define who you are as a person. But with bills, rent, keeping up social appearances, and other pressures, financial planning is often pushed to the side.

Tags:
  • Budgeting
  • Financial Literacy
  • General
  • Investing
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Finance Lessons for Your Teen

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on July 19th, 2022

If you’ve had to reconsider or drastically change your spending and saving habits because of the current economic environment, you’re not alone. But there may be an opportunity in this current market to teach good financial habits to your teenagers; ones that they can carry into adulthood.

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  • Budgeting
  • Investing
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Understanding Your True Risk Tolerance

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on July 12th, 2022

The recent stock market volatility, the bear market, the ever-growing inflation rate, and ongoing supply issues have taken a severe toll on the American psyche. For some, it has forever altered how they perceive and manage risk.
Understanding your risk tolerance is considered one of the most important elements of investing.

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  • Investing
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3 Investment Extremes to Avoid in Any Market

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on June 14th, 2022

It can be tempting to have extreme thoughts when it comes to investing. After all, public markets can increase or decrease by as much as several percentage points per day! Yet, be sure to keep calm and follow your financial plan.

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  • Financial Literacy
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How do I Start Planning for Retirement?

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on March 25th, 2022

If you’ve just begun your career and started collecting a decent paycheck, retirement probably feels like it’s lightyears away. But it will get here quicker than you expect, and when it does, you’ll want to be prepared.

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  • Budgeting
  • Investing
  • Retirement
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Understanding Investment Risk

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on February 8th, 2022

All investors – be they conservative, moderate or aggressive – need to understand that the level of returns they expect to generate is directly related to the amount of risk they are willing to assume – the higher the return, the higher the amount of risk one needs to take.

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Why You Need an Investment Philosophy

Submitted by Generational Wealth Group | Eric Nichols | Michael Zurek on January 11th, 2022

Some believe that in a digital world where information travels at light speeds, the playing field between investors and institutions is more level. In reality, information overload can fuel more irrational behavior in investors than provide any advantage.

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