TOTH'S TAKES

ETF or ETN?

In this blog, I will attempt to explain a similar but different form of investment called an “Exchange-Traded Note” or ENT as compared to an "Exchange-Traded Fund" or ETF.
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POA & SSA

One issue that troubles me as my clients’ age, is who will handle their affairs/finances if they become incapacitated? This is keenly felt if you are single or have no children. Who is that trusted person? We don’t like to think about our own mortality, but the issues must be dealt with sooner rather than later.
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SYMPTOMS OF DEMENTIA

Noticing symptoms of dementia in its early stages can help prevent elder fraud, abuse or exploitation. I do have a good amount of clients who have been with me for a number of years who are now in the latter stages of life. It does concern me that they have family members and associates that may use their advanced age and limited capabilities to exploit them or if they are entirely alone.
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Choosing the Right Financial Advisor for You

So you’ve decided you’d like to work with a financial planner. The next step is to locate a few in your area. On our web site www.regardingyourmoney.com there is a banner located at the very top of the page “Check the background of this financial professional on FINRA's BrokerCheck”, when you click on either of the hyperlinks you will be transferred to a site with background information on me and other local advisors.
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Top 10 Reasons to Use a CFP™

At Chestnut Investment Advisory we offer essential support with hand-crafted strategies. I facilitate and ease my client’s relationship with their money. I look forward to working with you. George #CFP #CIMC #AIF #financialplanner #advisor #finance #investments
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The “Sandwich Generation”

The Sandwich Generation is defined as a demographic of the population that are caretakers for elderly parents while still supporting their own children. This creates an emotional and financial struggle in many situations. In some instances, more funds are being spent on elder care than child-rearing.
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Freedom Isn't Free

What a unique, brazen, foolhardy idea; that a group of people could comprise their own nation without a king or queen under a democratic rule. The experiment worked. Not smoothly, not without some bumps along the way, but still with the same goal of life, liberty and the pursuit of happiness – our unalienable rights.
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Niches & Crannies

A touted way of marketing in today’s business world is to cater to a specific niche. I have been exploring how I can apply this to my financial advising business. But I don’t want to limit myself or my potential clients.
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How Does ESG & SRI Affect YOU?

Two acronyms, ESG & SRI, might not mean that much for many investors but for some investors – Hey, Millennials!! – it might mean a world of difference in the equities they choose. Do you “eat clean” or adhere to a vegan lifestyle? Maybe you’re a “gym rat”, practice yoga or run marathons? Have a cause; Cancer research, smoke-free, support lightening the marijuana laws, part of the LGBTQ community, believe in palliative care, ... The list could go on, and on
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Crash-Proof Retirement, Really?

I’m sure you’ve all heard the ads espousing “Crash-Proof Retirement”. I know I’m getting tired of hearing them. Are you interested? Do you believe in the concept? I will try to give you a brief idea of what type of investment is being promoted by these advertising spots.
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His, Hers, Theirs

They are an elderly couple, each earned a high salary prior to retirement. Both felt it was important to invest a healthy portion of their salaries. There is just one small problem now; one of them is strongly risk-averse, preferring conservative investments such as certificates of deposit and money market funds, while the other one is a risk taker who still loves tech and biotech stocks and initial public offerings – IPOs. A clash of investment styles is common in marriages.
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In Times of Loss ...

Do you have a legacy plan? In terms of the future, make sure there is a plan in place for your own family members or survivors at the time of mortality so there is less weight and less difficulty for them. I thought this would be an appropriate time to talk about the missteps that could possibly occur during a time of loss and how we can become a victim of bad or rashly made decisions.
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Investing in a Financial Advisor

Client Fee Structure Options: Potential clients of a financial advisor fall into one of three categories as outlined below; commission as regulated by the financial industry, managed assets or a fixed fee. The category you might fall into depends on YOU! Your plans, goals, risk tolerance etc. My job, through our conversations, is to explain where you fit and why. #financialadvisor #investing #fees #FINRA
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Solitary Aging

I am an advisor of quite a few long-time clients who are approaching their twilight years. Positioning them for this next stage of life is a major concern of mine, especially the ones living alone. Elders living alone can face a risk of higher health issues and/or depression.
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No Free Lunch: STOCKS

Academics and finance professionals sometimes refer to the “risk-free rate of return” as a benchmark; in this context, the risk-free rate is the yield on cash assets, where you’re guaranteed stability of principal even as you pick up a slight (these days very slight) return.
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No Free Lunch: BONDS

Bonds; Interest-rate Risk, Credit Risk, Inflation, Reinvestment Risk Foreign Bonds; Currency Risk, Geopolitical Risk
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No Free Lunch or Risk-Free Retirement

Academics and finance professionals sometimes refer to the “risk-free rate of return” as a benchmark; in this context, the risk-free rate is the yield on cash assets, where you’re guaranteed stability of principal even as you pick up a slight (these days very slight) return.
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Tab on the Right

At Chestnut Investment Advisory we also offer a unique way of investing called $ymbil. $ymbil is a self-motivated online investment platform that assesses your investment risk profile and offers recommendations for a risk-appropriate managed approach. $ymbil is for all types of investors from novice investors opening their first account with small dollars to the experienced investor who wants a simple, quick, and easy way to invest capital.
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Our Style of Investing

We feel that the only difference between an aggressive investor and one who is risk averse is the relative weighting of equities, bonds, and cash in their portfolios. Aggressive investors would have more equities: typically 80% to 90% of their total portfolio’s value. Risk-averse investors would typically have as little as 10% of their portfolios in equities.
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Strategize With Bonds

As you probably know, asset allocation is a main topic of discussion on my radio show. Your investment funds need to be divided into risk, less risk, and low risk. The portion allotted to each segment depends on many factors. As you move through your lifetime from your first day at a full-time job until you go to your reward, bonds play a greater, and greater, and greater role in your portfolio.
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Why Do We Make Bad Decisions?

Life is one decision after another considering small, medium and large goals. It would appear that we could divide them in half - good decisions vs bad decisions. The benefit of a good decision is a general feeling of satisfaction. But perhaps I’m beating around the bush; and it is a big bush.
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How to Plan Your Financial Future

Our goal is to help our clients create a custom tailored investment portfolio designed to try and fulfill your many specific requirements and constraints. We firmly believe, regarding your money, that we take every effort to help you with your planning. Our approach is designed to help you articulate your true and realistic financial and investment objectives. Everything we recommend is based on listening to you.
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What I Have To Offer

Chestnut Investment Advisory was established in 1988. It is a financial advisement and wealth management firm. In 1993, after four years of study and testing, the Certified Financial Planner - CFP® license was granted to George Toth.
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Let's talk ETFs!

Let’s talk ETFs. First, what does ETF stand for – Exchange Traded Fund, and what does that define? An ETF will allow any financially sized investor to build a first class portfolio that will have superior transparency and lower expenses.
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Time for an Annual Portfolio Review!

For many investors, the thought of reviewing the performance of their portfolio over the past year is about as appealing as walking through seaweed; to swim you have to traverse the muck. Chestnut Investment Advisory offers a better way to enjoy the scene.
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About Retiring...

Retirement, it is the best of times and it is the worst of times…but there’s always the grandchildren. What does it mean to retire? I think there are 6 points to consider among the many other points.
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You Can't Take It With You

How would you like to work hard your entire life to achieve financial success, only to lose it by making uninformed estate planning mistakes? Those mistakes can result in your family losing over half of the assets you have accumulated. They can destroy much of what you worked for your entire life not to mention inflicting a great deal of heartache and pain on the people you love.
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Financial Planning; Get Started

I will explain the fundamental issues upon which our relationship is based, how an advisor is compensated for service, and list a partial explanation of the benefits for each category. We can help you meet your future goals, safely, securely, at your own comfort level.
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Pothole Season

If you are happy with the state of your financial highway, go no further, stop. If you have your finances and investments under control and well directed, roll on. On the other hand, financial and investment potholes will blow your tires. Consider these tips and avoid deep holes. On you financial and investment road ahead.
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Algorithm for Financial Planning

This article is an algorithm for Financial Planning. This, however, is NOT the six step financial planning process of policy development. Rather, it is a way to notch some trees as we move toward a market correction or disturbance, and get to a subsequent clearing …
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Which path to choose ... ?

I saw the writing on the wall and the floor, big business was not for me. Sloshing around in my mind was the fact that I had to make money, and fast. As a 32 year old the question of what I wanted to be when I grew up was large.
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Protecting Your Future

Growing up in the 50’s did not prepare me for the 21st century’s demands. In those days, “flying by the seat of your pants” was possible, if not a good idea. The times were tolerant and settled. (I am not talking about the social or cultural attitudes.) I mean, if you did not plan your financial life, you could scrape by.
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Behavioral Finance

Over the past decades, trusted advisors have looked for the best ways to inform, structure and build sound financial and investment strategies for their clientele. Contrary to popular belief, financial planning is not investment planning nor is it designed to accurately predict or handle the fluctuation in market trends; it is done to help formulate knowledgeable and well-formed financial strategies with the greatest chance for success over long periods of time.
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The Big Secret

I am letting The Big Secret out of the bag! There is no bigger secret than planning! People do not plan to fail, they fail to plan. The process of financial planning or investment policy development is a challenge. Most people plan in reverse: they plan after the fact. Bad. All planning should be done with the goal in mind.
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FEAR and GREED

Fear and Greed – these two emotions can wreak havoc on even the most well-intentioned investor. It’s been this way since – forever.
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How does a Financial Plan Start?

The process of Financial Planning is an art and a science. When it was developed over 60 years ago, it was the intersection of the private banking and investment industry. Along the way, risk management, goal setting and other analytical methodologies were added. And as such, the process has split into 2 usages: one Goal Based and the other Cash Flow Based. Cash Flow Based, or at Chestnut what we call Gap Analysis, is more complex, and a better way to achieve your objectives.
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Ethics

"Whoever is careless with the truth in small matters cannot be trusted with important matters." – Albert Einstein My industry is one of the most regulated when you compare it with others. I am regulated by my CFP Board of Standards, the Institute of Investment Management, FINRA, the PA Department of Banking and Securities, and the broker/dealer I operate through; all are overseeing my activities.
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EARLY RETIREMENT?

Early retirement may not be all it’s cracked up to be. How so you ask? It’s not the money here; it’s the gestalt of psychology for early retirement. Is the whole really worth the sum of its parts?
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Five Keys to Investing

There are many keys to investing. Here are five that have stood the test of time.
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Saving for College?

With today’s costs of a college education sharply rising, a 529 plan is a tax-advantaged savings plan that can help save for future college expenses. Introduced in 1996, 529 plans are sponsored by states, state agencies, or educational institutions and may vary slightly between states.
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Is Money the Root of all Evil?

The future is both full of peril and opportunity. Money has been created and destroyed at an unparalleled pace. Money is racing around in fiber optic cables, impulses powered by a nascent global economy. Like it or not, we are headed to that dock, with all the peril and opportunity money can buy.
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Humpty Dumpty Was Imprudent

Mr. Dumpty's imprudence is clear. The market is surely unsafe if you are just going to hang out; playing around; from there you could fall and never get back up.
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You Have Three Choices

I am not a big fan of Jeopardy! or reality TV. Reality is challenging enough for me, thank you. I do watch many movies, and I especially love classic movies. The old ones I can re-watch, rewind and re-watch, and so forth. There are so many to choose from that I will never run out of options. After all, having options is what makes this country best.
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Identifying & Dealing with Dementia

Ten ways to tell if an elder is losing it. Concerned about an elder? The Alzheimer's Association highlights ten early signs of dementia.
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Fifth Installment: The Fourth Foundation

The previous three foundations in this series were Risk Management, Cash Management, Variable Assets and now a description of Fixed Assets. As the title implies, a Fixed Asset has the quality of a “fixture”. It just sits there. The image is of a table or foundation for a house. Each corner has to be set on solid ground and supports the architecture, the walls, wires and well-being of the inhabitants. Otherwise, the table wobbles and you spill the milk.
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Fourth Installment: Third Foundation

This Foundation will take a little longer to finish because it is so important to capture the entirety of why, what and how to build your financial house. These Foundations are the simple cornerstones set on solid rock, not sand, upon which you may erect just about any financial or investment future.
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Third Installment: The Second Foundation

The Second Foundation is Cash Management. Under Cash Management fall all the income, expenses, inflow and outflow schedules, conscious or unconscious, and formalized into the dreaded BUDGET. A budget is a snapshot of where you are right now. It can include an additional column called projected budget composed in the beginning of the year, then accompanied by the actual money spent, earned or received
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2nd Installment: The First Foundation

Evaluating insurance coverage isn’t uppermost in the minds of most of you, and it won’t insure a long and happy life or marriage. But, the right insurance can go a long way toward shielding you against the kinds of financial calamities that can strain a budget and sometimes break a marriage. Here are several key insurance areas that I recommend all of you to review.
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FOUR MAINSTAYS OF INVESTMENT THINKING

First Installment of a Five Part Series: Over twenty years ago when I first got my start in the financial services, I was taught about Four Cornerstones of Money Management. They are Cash, Variable Assets, Fixed Assets and Risk Handling. I understood then that every client had to have something in each of them, or at least address them in their asset allocation.
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Trying to Avoid Losses During Market Swings?

Dollar-cost averaging involves investing a fixed amount on a regular basis, regardless of share prices and market conditions. Theoretically, when the share price falls, you would purchase more shares for the same fixed investment. This may provide a greater opportunity to benefit when the share prices rise and could result in a lower average cost per share over time.
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RISK TOLERANCE & DIVERSIFICATION

RISK TOLERANCE is the degree of variability in investment returns that an investor is willing to withstand. You should have a realistic understanding of your ability and willingness to stomach large swings in the value of your investments; if you take on too much risk, you might panic and sell at the wrong time.
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5 Cybersecurity Best Practices

Keep Your Financial Information Safe Online With an increasing amount of personal financial information available online, it is more important than ever consumers follow the right precautions to ensure the security of their private financial information. Below are five proactive cybersecurity best practices to help keep your information safe.
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Single-Payer Healthcare

A revival movement is sweeping the nation. Millions of souls have already been converted, thanks to a charismatic preacher and his passionate disciples.
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Moving Toward a No-Debt Lifestyle

Any financial process begins with necessary changes in financial behavior. The degree of change varies based on financial priorities, but, in the end, it's about adopting good habits and abandoning bad ones. Here are some ideas: start with nickels and dimes, attack the highest-rate debt first, refinance if you can, make debt-fighting a family lesson, set some post-debt money goals, go debit.
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Author Patrick Deneen "Why Liberalism Failed"

Patrick J. Deneen is the David A. Potenziani Memorial Associate Professor of Political Science and Constitutional Studies at the University of Notre Dame. He has previously taught at Princeton University and Georgetown University.
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We Are a Two Toothpaste Family!

We Are a Two Toothpaste Family!Jensen and I have agreed to disagree about toothpaste – she has hers and I have mine.  Except hers is out because it matches the bathroom, mine is hidden in the linen closet. No troubles.When we were newlyweds, we had separate bank accounts too.  She didn’t want to do Wills, POA’s, an Advance Medical Directive, nor a Living Will.  Of course, today, we have solved the larger issues, so the toothpaste is a lower priority.What about yo
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Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck