Four Ways to Handle a Bear Market Like a Pro

No bull markets last forever. While, by some measures, we are in the thick of the longest bull market in history, the end always comes. So, investors must always be prepared for bear markets, both emotionally and within their portfolios.

At TrueNorth Wealth, we know that, for long-term investors with appropriate diversification and portfolio construction, bear markets can actually be quite beneficial, if handled appropriately. Consider these four ways to manage the next bear market like a pro, whenever that may be.

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Fee-Only Financial Planning VS. Fee Based and Commission Based: What's the Difference?

Fee-Only Financial Planning VS. Fee Based and Commission Based: What's the Difference?

Your financial advisor should be capable, experienced, and properly trained. Most importantly,  they should be ethical and worthy of your trust. That’s an extremely hard qualification to identify with exactness, but an effective substitute is to make sure that your adviser’s incentives align with yours.

So, as you look for a financial advisor, you should first investigate how they receive compensation for their services. There are three primary methods of compensation in finance: commission-based, fee-based, and fee-only.

True Wealth: Is it Really About the Money?

True Wealth: Is it Really About the Money?

How much money does it take to be “wealthy” in America? According to the 2018 Modern Wealth Index by Charles Schwab*, Americans claimed on average that a net worth of $2.4 million dollars makes you “wealthy”. However, the survey also found that many Americans did not define wealth only by net worth. In fact, the most popular definition of wealth did not include money at all; the largest group of Americans considered wealth to be living a “stress-free” life and experiencing “peace of mind.”

The 'Fiduciary Rule' Falls in Court: Why it Matters

Does your financial advisor serve your best interests or their own? 

This article, recently published on KSL360, updates the current legal findings regarding the "fiduciary rule" for financial advisors.

On March 15th, 2018 the Fifth Circuit US Court of Appeals struck down the Department of Labor’s “fiduciary rule” law. Also commonly called the “conflict of interest rule”. It forced financial advisors to act in their clients’ best interests. This dissuaded them from steering someone towards a more expensive or inferior investment. Because it paid the advisor a higher commission. Or because of some other conflict of interest.                        Read More