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An Important Lesson from Prince: Do You Have a Will?

As most of you know, the well known music artist, Prince, died recently. He was known as a creative genius, an incredible entertainer, even a cultural icon. His death is a loss that’s been felt across not just the U.S., but worldwide.

Though Prince is to be admired for his many talents and accomplishments, as more and more information is released following his death, it’s come out that he died with no will, no trust, no plan, no nothing. This leaves a valid question:

What happens when somebody—a culture icon or John Doe—dies with no will, no trust, no plan, no nothing?

The government takes over, that’s what happens. The deceased person’s family is left with no assets and no options—that is, except to hire lawyers and go to battle over an estate that should have been theirs to begin with. Legal fees and court dates quickly pile into a complicated, expensive burden weighing on your loved ones shoulders. Nobody is happy; nobody wins. It’s a lose/lose scenario.

Is your will current? Do you need to start from scratch? Are you unsure how to begin? At Fabian Wealth Strategies it’s our mission to help people just like you make the most of their money, even when you’re not here to handle it yourself. Take a lesson from Prince: don’t be the guy who leaves his family behind with nothing but legal battles and headaches. You’ve spent a lifetime building your legacy—don’t let it go to waste!

Call us today for a personal consultation at 800-300-3684 or e-mail us at askdoug(at)dougfabian(dot)com, and we’ll help you make sure the legacy you’ve worked so hard to build continues even after you’re gone.

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What are “Alternative” Assets?

There is an asset class the investment industry calls “alternatives”.

Alternatives are assets that are not correlated to interest rates, the bond markets or the stock market. Most non-correlated strategies that fall into the alternative category are usually “managed funds”: a managed futures fund (a trading strategy behind the SMP 500 or commodities), a long-short fund (a mutual fund that’s holding some long stocks, some short stocks) and so on. The non-correlated asset that Doug talks about in this podcast—an asset that’s at the forefront of the market so far this year—is gold and precious metals.

You may be wondering: why is gold non-correlated?

Usually, instead of correlating to the stock market, gold finds its foothold in other financial trends you might not expect. For instance, inflation is good for gold, uncertainty is good for gold, even negative interest rates can be good for gold. Gold stocks have increased in 2016, and considering the instability of the world market today, it’s no wonder.

At Fabian Wealth Strategies, ETFs for gold and other precious metals fall into two broad categories: Physical ETFs and Mining ETFs. These categories differ greatly from each other; the volatility difference between physical and mining ETFs is vast. If you’re building an investment portfolio and you’re thinking about using gold, it’s important that you understand the differences between physical and mining ETFs before you make a decision.

Is gold a good investment for you, personally? If so, which category is best for your investment portfolio, physical or mining? How much or how little should you invest in gold? As an investor, how can you use gold to respond to the volatile, sideways market of today?

Don’t try to answer important questions like these on your own—we can help you answer these investment questions, and others! Call Fabian Wealth Strategies today and set up a personal consultation; it may just be the best investment decision you make this year.

FABIAN WEALTH STRATEGIES | 888-300-3684 | askdoug(at)dougfabian(dot)com

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How is a financial adviser different from a broker?

If you’re getting investment advice from a broker/dealer firm, there’s something you should know: brokers and advisers are not the same thing.

Most brokers (or “advisers” who work for a broker/dealer firm) are commission-based, rather than fee-based. They have to operate under something called the “suitability rule” as in, is the product suitable for the client? This seems like an OK rule of business, and sometimes it is, but most of the time it means that the broker needs to sell you a high-fee product (read: the most expensive product possible) in order to make a profit for himself and the firm he works under.

Because of the model his firm operates in, a broker cannot sell you exchange traded funds (ETFs), because he simply can’t make money off them. For his needs and the needs of his firm, it makes more sense to sell you annuities. Sometimes annuities do make sense, but to have the majority of your assets in annuities is not a good investment strategy. It is a relatively safe strategy but it’s expensive, limits your upside and reduces your flexibility. Annuities can be suitable—but beware of a broker who pushes them too heavily.

How is a financial adviser different from a broker?

Registered Investment Advisers (RIAs) work under fee-based terms, versus commissioned-based terms. They operate as fiduciaries, meaning they represent their client and give advise based on their client’s best interest. The client always comes first! In the world of finances, a fiduciary relationship makes good moral sense and good business sense. What’s best for the client is also best for the adviser, because the more money an adviser can help a client make, the more money the adviser makes. So, whoever you are working with—a broker or an adviser—always make sure you know what model they are operating under, where the fees are coming from and if commissions are involved. You (and your wallet) will be better for it.

If you’re not satisfied with where you’re at financially—maybe you’ve received bad advice in the past, or maybe you’ve never sought help with your finances before—consider the personal wealth coaching program at Fabian Wealth Strategies, a fee-only financial advisory firm. Our personal wealth coaching has had a positive impact on many people’s lives—we’d love for you to be one of those people. Contact Fabian Wealth Strategies today with your questions, we’re happy to answer them.

After all, as advisers, your best interest is our best interest!

FABIAN WEALTH STRATEGIES | 888-300-3684 | askdoug(at)dougfabian(dot)com

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New Audio Report: Six Weeks to Success in 2016

Listen in to our new digital seminar, talking about the “Six Weeks to Success in 2016”. Here’s what we cover in this report:

What You Must Do Now to Prepare for a Successful Investing Year

If you’ve been meaning to put yourself on the path to achievement this year, then Episode 1 is for you. Plus, learn why physically writing down goals is a MUST first step, and how five additional critical action steps can make or break you in 2016.

The Best Income Opportunities in 2016

If generating income is your primary goal, then this is of critical import. This installment teaches you about some of our favorite income-generating exchange-traded funds (ETFs), and we explain the logic behind why each should do well in 2016.

Best Growth Opportunities in 2016

If growth is the primary reason you invest, then this seminar is aimed directly at you. Here you’ll learn about which ETFs we’re looking at for 2016, and why each could deliver nicely for investors in the year ahead.

Lowering Your Taxes in 2016

You’ll find out why doing your taxes by yourself is like a cardiac surgeon operating on his own heart. If you want to lower your taxes, then you MUST listen to this part of the seminar.

Best International Strategies for 2016

So far in this tough 2016, international equity ETFs have struggled. Yet that doesn’t mean they will continue struggling all year long – but we’ll get you ready to profit once the international tide turns.

Best Alternative Income Strategies for 2016

Listen in for some incredible alternative income strategies that will bring results for your portfolio. Click over to the seminars page for more info!

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Handle Bear Markets with Personal Wealth Coaching

If this market decline feels different to you—then you’re correct.

Unfortunately, Doug thinks things are about to get a lot worse.

Already, many global market indices are in a bear market, as are many sectors such as financial stocks, biotech, transports, energy and oil.  Every stock market in the world is down, and it’s not just stocks that have been affected, either. Oil is down, commodities are down, and high-yield bonds are also down.

We are in a global bear market.

Yet, bear markets don’t have to be the death rattle for your portfolio.  In fact, bear markets are avoidable—if you’re willing to act in defense of your money.

During bear markets, you must have a plan. Not just a short-term plan to preserve your capital, but a long-term plan to get you on the right path to achieving your financial objectives.  Just getting out of stocks will not accomplish your long-term goals.

At Fabian Wealth Strategies, our clients have been in a defensive mode with high cash positions throughout this selloff.  Now, we are waiting for the next opportunity to take advantage of markets at a discounted price.  If a recession in the U.S. is avoided, there could be some fantastic buying opportunities later this year for those who have the capitol.

If you want to dodge this bear market while also putting yourself on the path toward long-term wealth creation (who doesn’t want that?), we invite you to find out more about our Personal Wealth Coaching services.

Right now, we’re offering our Personal Wealth Coaching service – a $3,000 value – at a discount of more than 80% – because of the tremendous need during a bear market.    

Email us with questions about Personal Wealth Coaching at askdoug(at)dougfabian(dot)com or give us a call at 888-300-3684.  We want to show you how bear markets are avoidable—if you have the right coach directing your plays.

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How to Succeed in an Uncertain Market

There’s little doubt that the financial markets are in a state of uncertainty.  China, the Emerging markets, Latin America and Europe are all in bear markets.  Stocks have been ugly, and you’re probably wondering: could the U.S. fall into a bear market this year?

Doug doesn’t see signs that the U.S. economy is going into a recession.  In fact he thinks—at this point in time—that the U.S. economy is in pretty good shape.  As we witness the arrival of bear markets around the world, he and the rest of the team at Fabian Wealth Strategies want to remind you how important it is to know what your investment goals are. If you need help on making those goals, call about our Personal Wealth Coaching service: 800-391-1118.

Here’s the list of income strategies you should employ in 2016:

  • Make a quick summary of your finances
  • Decide on and work with just one financial institution
  • Know your current cash position
  • Identify where your at-risk assets are
  • Write down your rate-of-return goal

The most important thing you should take from this list is write down your rate-of-return goal.  Goals are vital for your finances because they drive your decisions, clarify your investment objectives, and eliminate your choices.

Yes, the stock market is a little crazy right now, but with organization, focus and a solid plan of action, you can make the most of it.  Let the team at Fabian Wealth Strategies help you navigate the bumpy road ahead with an investment plan tailored to your personal and financial values, objectives and priorities.  Call or email our office today and ask about Personal Wealth Coaching—we can help you make your 2016 a financially successful year, even in the midst of uncertainty around the world.

Reach us by phone at 888-300-3684, or by email at askdoug(at)dougfabian(dot)com.

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The Future is Bright with Fabian Wealth Strategies

Doug and our team at Fabian Wealth Strategies want to help make 2016 a great, financially successful year for you and your family.  Join us in this pursuit each week by listing to Doug’s podcast, as he delivers the best financial information, education, motivation, and direction to help you realize your investment goals.

In this week’s broadcast, Doug shares numbers to monitor in your own day-to-day review of the financial markets. He offers listeners key levels to watch on interest rates and stocks in the United States, discusses the overall condition of the global economy, and outlines three important things he believes you need to do in order to be successful in 2016.

Coming into the new year, Doug encourages all of us to keep a positive outlook.  Things may be messy around the world—but that doesn’t mean you can’t make money.  Get organized, stay moving, and keep your eyes forward.  Patience and focus are your friends.

If you have questions about something in this podcast, or about anything else in the realm of financial investment, you can always contact Doug at any time through his e-mail, askdough(at)dougfabian(dot)com.  If you would like to schedule an appointment, a consultation, or get involved with our personal wealth coaching program, don’t hesitate to call our offices at 888-300-3684.

Here’s wishing a Happy New Year to you and your family from Fabian Wealth Strategies!  The future is certainly bright.

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Happy Holidays from Fabian Wealth Strategies!

With the holiday season upon us and 2016 fast approaching, Doug Fabian and the team at Fabian Wealth Strategies want to wish you a merry Christmas and a bright, successful New Year!

This holiday season, our offices will only be closed on Friday, December 25th and Friday, January 1st to spend time with family and friends. 

Many folks are thinking about finances as they consider the start of a new year, and rightly so.  Maybe this year, your New Year’s resolution is to finally start defining some clear, thought-out financial goals and objectives in the form a written budget and plan of action.  Maybe you’ve been managing your money on your own, and have come to realize that you’ve gotten in over your head in some areas, such as taxes or investing.

We are here to help you!

With 2016 just around the corner, make the decision to start your New Year off on the right foot.  Call 888-300-3684 or send an email to askdoug(at)dougfabian(dot)com and schedule a consultation today.

Have a wonderful holiday and best wishes to you and your family, from the team here at Fabian Wealth Strategies!

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Personal Wealth Coaching is Available!

Doug Fabian and the team at Fabian Wealth Strategies have a mission: to help you better manage your money and to achieve your financial goals.

Since we’re always on the hunt for improved ways to fulfill this mission, Doug is now providing a new service for listeners of our radio program/podcast and subscribers to our newsletter: Personal Wealth Coaching.

Included in this service is a complete review of your portfolio, suggested ETFs customized to your goals and objectives, a 90-day action plan, and several sessions with Doug one-on-one.  If you are someone who is not ready for a full-time wealth management team, but you would appreciate a deeper conversation about your specific financial situation, consider Personal Wealth Coaching.

It could be that Personal Wealth Coaching – a professional insight into your finances and a clearer sense of direction – is just what you need for 2016.  

Our team is also creating a wealth coaching video series.  These will be 5-7 minute videos on specific subjects designed to help you be successful in your money management endeavors.  Many people who listen to the our podcast are managing their money entirely on their own, and these videos will be great tools to help DIYers manage money well. These videos will speak directly to personal financial issues such as taxes, net-worth statements, investment strategies, taking financial risks, and writing down goals and objectives.

Contact us today to learn more about Personal Wealth Coaching.  We’re happy to answer any questions you may have.  Call 888-300-3684 or send an email to askdoug(at)dougfabian(dot)com

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Your Assets, Your Family, Your Legacy

This week on the broadcast, (listen here) Doug says investors must define their investment objectives before anything else.  The exercise of goal setting is simple, but here’s a game plan to get you started:

Come up with some rate-of-return targets (looking at your portfolio, what rate of return would you be satisfied with?) and decide how much you are willing to lose (maybe you don’t want a draw down of more than 5%, for example.)  Doug has talked with enough clients over the years to know that capitol preservation is one of your highest priorities—he understands that you don’t want to suffer any significant losses—but he thinks it is important to quantify that goal.  Decide on a number that you know is the most you can live with on the negative spectrum—write down something specific.  It will help you in selecting your investing vehicles.

Doug’s second point of discussion is the inventory of your assets.  In one-on-one conversations with clients, he splits assets into three categories:

  • Liquid assets (i.e. taxables assets; assets outside of your IRA.)
  • Retirement assets (including income streams such as penchant plans or social security.)
  • Property assets (vacation homes, real estate, land, etc.)

The last point is your legacy game plan.  Make sure your paperwork is in good order, you have named an executor for your will and that your spouse, children and grandchildren are taken care of.

Could you use some advice or clarification on any of these points?  Send an e-mail to askdoug(at)dougfabian(dot)com.  If you would like to set up a personal consultation with Doug you can do so by calling 888-300-3684.

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