Carnegie Investment Counsel Blog

Free Financial Planning Tools: 10 No-Cost Resources for You

Posted by Carnegie Investment Counsel on Aug 4, 2022 3:30:00 PM

Planning your finances doesn’t have to be overwhelming or stressful. Sure, there are a lot of key factors to consider, like saving for retirement and planning estimated budgets, but there are plenty of free financial planning tools that you can use as resources to feel more prepared. Here are just eight helpful tools and three financial apps you can access for free:

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Topics: Financial Planning

5 Megatrends that May (or May Not) Impact Your Investments in 2022

Posted by Greg Halter, CFA on Jul 28, 2022 2:00:00 PM

Trends come and go, but some don’t leave before impacting your investments first. The problem is parsing through all the trends and figuring out which will or will not impact your portfolio. Of course, long-term investing is founded on principles that go beyond merely chasing the latest trend. But that doesn’t mean ignoring trends completely. At Carnegie, we believe in striking a balance by remaining aware of trends, but not being shackled to them. With that in mind, here are five megatrends and the impact we expect them to have on the market.

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Topics: Investing, Artificial Intelligence, Technology, Investment Management

A Day in the Life of Bill Anderson

Posted by Carnegie Investment Counsel on Jul 14, 2022 2:00:00 PM

A wide breadth of experience and a grounding in practicality are what make Bill Anderson good at what he does as a Wealth Advisor and Portfolio Manager for Carnegie Investment Counsel. Bill handles all aspects of investment portfolio management and client relationships. He has experience in just about all aspects of the wealth management industry, but also in the wider world, including issues around elder care, employment transition and family dynamics. Bill has a long track record in the wealth management field in Cleveland, Ohio. He also spent 15 years with Progressive Insurance, specializing in financial institution crime and liability insurance.

He earned his bachelor’s degree in business administration in finance and real estate, as well as an MBA in finance from Kent State University. He held the distinction of being the youngest graduate of both programs for several years. Additionally, Bill held the Wall Street Journal Award for the highest GPA in finance.

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Topics: Financial Planning, Relationship Management

The Big Picture: Top Elements of a Financial Plan

Posted by Carnegie Investment Counsel on Jun 30, 2022 2:00:00 PM

The great thing about a financial plan is that it’s unique to you and your needs, but this is also what can make creating one so difficult. You’ll want to consider the key components to a strong financial plan, which will include such things as defining your goals and assessing your risk tolerance. While this part of your financial plan will be entirely unique, there are still some essential elements of a financial plan that should be addressed.

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Topics: Financial Planning

Who Are Wealth Managers and How to Choose the Right One for You

Posted by Carnegie Investment Counsel on Jun 21, 2022 2:00:00 PM

A wealth manager is a type of financial advisor who typically works with high net-worth individuals and provides a wide range of financial services, including asset management, financial planning, estate planning and much more. Since wealth manager is not a technical term, it’s especially important to take the time to find out exactly what the relationship will look like before choosing a wealth manager to work with. 

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Topics: Wealth Management

What Does a Wealth Manager Do?

Posted by Carnegie Investment Counsel on Jun 7, 2022 2:00:00 PM

A wealth manager is a type of investment advisor who typically works with high net-worth individuals, but what does a wealth manager do? Typically, a wealth manager provides comprehensive financial services, including asset management, financial planning, estate planning and much more. While a wealth manager is a generally accepted term, there is no specific definition, which means the services offered may vary. Here are a few of the key services you can expect a wealth manager to provide and how they can help you build your wealth. 

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Topics: Wealth Management

When Is the Right Time to Hire a Wealth Manager?

Posted by Carnegie Investment Counsel on May 24, 2022 2:00:00 PM

In a perfect world, nearly everyone would work with a financial advisor, but in the real world, this isn’t always possible. The right time to hire a wealth manager is when your financial situation reaches a level where not working with an advisor could actually cost you more. Here are five signs you’ve probably reached that point.

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Topics: Wealth Management

Federal Employee Retirement Basics

Posted by Carnegie Investment Counsel on May 17, 2022 1:30:00 PM

As retirement plan advisors, we understand that as pension plans in the private sector become less common, the retirement pension plan for federal employees remains an attractive retirement option. If you’re a federal employee or considering becoming a federal employee, here are the basic elements of the Federal Employee Retirement System.

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Topics: Retirement Planning

My Child Got a Viral Video Paycheck: What Now?

Posted by Carnegie Investment Counsel on May 10, 2022 1:30:00 PM

Most videos, no matter how much time and effort go into making them, won’t go viral, but some do. When a video goes viral, depending on the platform and how it’s monetized, it could earn anywhere from a few hundred dollars to a million or more. If your child makes a video that goes viral, they could end up with a hefty viral video paycheck. This is often unprecedented territory for even the most financially savvy parents. Here are a few tips on how to best handle the situation.

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Topics: Technology

The Current Market Environment

Posted by Brent Luce on May 4, 2022 8:54:25 AM

READ: Stocks on Track for Worst Start Since 1942

The first quarter was unusual in that both stocks and bonds were down.  In fact, government bonds experienced their worst quarter in nearly forty years, so even the usual protection that bonds provide in turbulent times did not play out well this time around.  Starting in November, the markets have experienced draconian internal sector and style rotations as, or more extreme than anything I have seen in my 25-year career. Some indices experienced one of their worst starts to a year since the Great Depression, after already experiencing significant drawdowns in the months prior.  Long-duration stocks, which are those where expected earnings and dividends are further in the future – this includes forward looking growth and disruptive innovation stocks – have been strongly sold off.  As of this writing, the well-known ARK Innovation ETF, a proxy for the long-duration disruption innovation space, is down over 49% year-to-date after declining almost 25% in 2021.  

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Topics: Market

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