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Welcome to our Blog! At Baron Silver Stevens, we feel it is important to empower our clients with information that can positively affect their lives.

Throughout our Blog, you will find interesting articles, updates on our firm, and practical financial planning tips.
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Return of Volatility- What to do with your portfolio

Return of Volatility- What to do with your portfolio
Last year we saw the return of volatility to the stock market. This was a hard pill to swallow after a very smooth ride in 2017. In 2018, the stock market had two notable downturns. At one point, the SP500 was down 19.8%. But here we are, mid-way through February and the SP500 was back up to 2,753 (as of the close of business on 2/13/19). Remember, the SP500 hit its peak in September when it closed at 2,930. We’ve gone through a lot of ups and down to end up in roughly the same spot. So what do we do from here? We believe that with portfolio management, it is better to prepare than it is to repair. By “prepare” I do not mean market timing as we know this is next to impossible to do with any level of consistency. Rather, we believe it is important to design
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Do It Yourself Retirement Planning- Consider this:

Do It Yourself Retirement Planning- Consider this:
Did you know that when Andrew Carnegie was drafted by the Army to fight in the U.S. Civil War, he paid another man $850 to report for duty in his place? Granted, this was common at the time but this is a prime example of how this tycoon mastered the art of delegation. In the early 1870s, Andrew Carnegie co-founded what would later be known as Carnegie Steel Company. By 1902, he was the richest man in the world. According to Carnegie, “No person will make a great business who wants to do it all himself or get all the credit.” Undoubtedly, without Carnegie’s ability to delegate and outsource tasks, he would never have grown into the success that we think of him today. So, let’s talk about delegating/outsourcing. Throughout your career, you built a skillset that allowed you to complete jobs or projects better than anyone else. Once you
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Is It Smart for Retirees To Pay Off Their Mortgage?

Is It Smart for Retirees To Pay Off Their Mortgage?
Reaching retirement and relishing in a ceremonial mortgage-burning party was a twentieth-century custom recognized by many Americans. At that time, there was no better reason to celebrate than rejoicing in the liberty that comes with paying off your mortgage. Fast-forward to 2018, where mortgage-burning parties rarely, if ever, occur. Why? Well for starters, etiquette experts strongly disagree with the custom. But beyond that, financial advisors are now pushing baby boomers to reevaluate whether or not paying off mortgage debt makes sense. A recent survey from American Financing, a national mortgage banker, revealed that 44 percent of Americans ages 60-70 still have a mortgage upon retirement. Baby boomers seem to be much less debt-averse than the previous generation of Depression-affected retirees, pushing them to reconsider the benefits of paying off their mortgages. As such, retirees will look to a financial advisor to conduct a strategic analysis of an individual’s financial situation, revealing
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Let’s Think About Investment Risk Differently, Here’s How:

Let’s Think About Investment Risk Differently, Here’s How:
Most of us know that there are risks when it comes to investing in the public markets and that we should build our investment portfolios within a general level of risk. We take risk questionnaires and use prior life experience to classify ourselves as a conservative, moderate, or aggressive investor (or somewhere in between.) But what does “risk” really mean? Traditionally, most asset managers and financial advisors use the term “volatility” or “standard deviation” to define risk. Both of these terms refer to the amount of short term price fluctuation an investment is expected to experience. The more the price of an investment goes up and/or down, the higher the volatility/ standard deviation, therefore the “more risky” the investment is.   Although this is all statistically accurate, we think the biggest risk for most investors is a bit simpler- not achieving your financial goals. Think about it like this: in your
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Why Are We Still Talking About Active vs. Passive?

Why Are We Still Talking About Active vs. Passive?
For the past few years, a big debate in the investment world has been active investing vs. passive investing and which style is better.  Active investing involves picking stocks with the hopes of outperforming the market or achieving a higher rate of return with lower risk than a particular benchmark. Most commonly, active investing is practiced in the form of purchasing an actively managed mutual fund. Active investing is also commonly associated with higher fees than passive investing. Passive investing, on the other hand, most frequently involves purchasing an index mutual fund or an ETF that seeks to mirror an index. Instead of trying to beat the market, the passive investment seeks to earn market returns minus fees, and the fees are generally lower than that of actively managed funds.  But everyone is focused on the wrong things here. The conversation shouldn’t be about active vs. passive, as if one style of investing is the best for every asset class in every market for every
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Barron's Top 1200 Financial Advisors

Barron's Top 1200 Financial Advisors
We are proud to have been recognized for a second year in a row by Barron's Magazine as one of their Top 1200 Financial Advisors in the country. The rankings are based on assets under management, revenue generated by advisors for their firms, and the quality of the advisors’ practices. Here is a picture of Michael Silver accepting this award at a Barron's Conference held in Miami in April. In addition to being recognized by Barron's at the conference, Michael was also one of three financial advisors asked to speak to dozens of the top advisors in Florida about how advisory firms can continue to make a difference in the lives of their clients. Here is a link to the Barron's rankings: https://www.barrons.com/articles/americas-top-1-200-financial-advisors-1520651090
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Who does your Financial Advisor work for?

  Who does your Financial Advisor work for? Chances are you are thinking that the answer to this question is easy. You're probably thinking that your financial advisor work for a bank, insurance company, or they might even own their own firm, but at the end of the day you are the client and the client always comes first so they work for you, right? Not always the case. The article linked below explains how at various Wall Street firms, the employer of your financial advisor, can influence the advisor's recommendations by making changes to the way the financial advisor is paid. This is the oldest trick in the book. Want your salesforce to sell more of something? Move the carrot to that product and the sales follow. This gives advisors an economic incentive to make recommendations to you based on whether or not they will get a pay raise, not because of what they
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