Paragon Wealth Management

01/07/2022

4 Questions to Ask About Your 2022 Goals:

-Have you assessed the progress you made toward your goals last year? If so, consider the following:
-Review and compare your financial goals, comparing a snapshot of where you are today to last year and/or a prior time.
-Inventory your recent accomplishments to identify what strategies worked well.
-Have you identified new goals for this year or the future?
-If so, assign a priority and time horizon, and incorporate them into your overall plan.
-Are there any life events that are likely to occur for yourself or your immediate family this year? Such a move, marriage, birth, higher education, job change, retirement, illness, or death?
-Are you concerned about any variables or circumstances that could potentially impact your plans for this year?

Our hope is that as you take the time to review your previous goals and make new ones, these questions can help you think thoroughly about your financial goals for 2022. (Or any other goal you set for yourself in 2022!) If there is anything we can do to help you accomplish your financial goals, please let us know.

06/10/2021

Millenials and Crypto.
From my experience I believe this probably true.
Better pray the Fed keeps the liquidity bubble going.

Nathan White, CFA

Nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies, according to the CNBC Millionaire Survey.

06/07/2021

Call it anecdotal, but when I'm at social gatherings, kids' sporting events, etc., and I overhear so many conversations about crypto you know it's time for a little caveat emptor. None of them can ever explain what it really is that they are throwing there money at. The longer the explanation the less so. Greater fool theory in action. It's so ripe for fraud because people are desperate to chase the action.

Nathan White, CFA

Scams are running rampant in the cryptocurrency markets as a huge rally in bitcoin, a lack of regulation and the anonymity of digital money have created a ripe environment for fraudsters.

06/04/2021

More data that confirm my belief that "ESG" investing is nothing more than marketing hype. Any outperformance claims are due to other factor exposures (e.g. sector, quality, etc.). There's nothing wrong with wanting to invest based upon your values - just don't expect that it will equate to outperformance as well. At it's worst it gives asset managers and corporations an excuse to waste your money.

Nathan White, CFA

Over the last decade, people have become increasingly concerned with the environment and corporate America’s impact on it. This development, along with increased concern for social issues and labor rights, has led many investors to integrate environmental, social, and governance (ESG) criteria int...

06/01/2021

A financial plan is essential, no matter how much you make. Looking at the financial mistakes of a few of our favorite celebrities, we'll see why.

Creating a plan for personal finances is essential, no matter how much money you make. This goes for celebrities as well, as a poor financial decision...

05/18/2021

Divorce is a life-altering process no matter your net worth. If this is something you may be going through, there are a few things you can do now to help protect your financial wellbeing.

After 27 years of marriage, high-powered business and philanthropic couple Bill and Melinda Gates have announced on May 3 that they are divorcing. Bil...

05/14/2021

Crypto investors beware. Don't mistakenly think your gains aren't subject to taxes. They will find you.....

Nathan White, CFA

On the hunt for tax cheats, Uncle Sam is winning court battles to force cryptocurrency exchanges to reveal their customers. Your big unreported profits on bitcoin, ether or dogecoin could translate into big problems with the IRS.

05/13/2021

Make your investments work for you and your values directly rather than just being used as an excuse to line the pockets of your investment manager.

We can help.

Nathan White, CFA

BlackRock and others bill the cost to middle-income investors, in the form of lower returns.

05/11/2021

Without the right business structure, many entrepreneurs could be putting their personal assets at risk. Learn how each structure handles taxes and personal financial liability to get a better sense of which one might be best for you.

Choosing a business structure is an integral step in starting your own business or developing it further. Not only is each business structure taxed di...

05/10/2021

SPACs have become a popular investment strategy, raising substantial funds in 2020. But how do SPACs work? And should you be investing in them?

The financial press has generated excitement and controversy over the increase in SPACs, due to the large sums of money placed behind the revitalized ...

05/06/2021

Mother's Day is May 9, are you ready to celebrate the moms in your life? From the adventurer to the busy professional, this gift guide can help you choose something special for her.

Mother’s Day is right around the corner, and after a year like no other, it’s time to celebrate. If last year’s Mother’s Day wasn’t what you hoped it ...

05/04/2021

NFTs are one of the latest buzzworthy investment trends - but what exactly are they? We've got your biggest questions answered.

From mainstream media coverage to a parody skit on Saturday Night Live, non-fungible tokens (NFTs) are starting to become a household name. But the co...