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Financial Planning Information

Sherman Wealth Management provides you with relevant financial planning information to give you the resources you need to make informed choices. Read through our posts below and contact us to set up a free call for more information on creating a custom financial plan.

June 1, 2016
financial planning for Millennials

Where Millennials Can Turn for Financial Advice

We live in a fascinating time. The biggest wealth transfer in history is beginning, as Millennials will soon become the wealth bearing demographic in this county.  Not surprisingly, as we pointed out in a recent blog post, personal finance is a huge issue for many Millennials. But where can a Millennial turn for advice? Goals, […]
May 23, 2016
Investor Biases

8 Common Investor Biases That Impact Investment Decisions

This article was originally published on investopedia.com One of the biggest challenges to our own success can be our own instinctive behavioral biases. In previously discussing behavioral finance, we focused on four common personality types of investors. Now let’s focus on the common behavioral biases that affect our investment decisions. The concept of behavioral finance […]
May 12, 2016

Which Investor Personality Best Describes You?

This article was originally published on investopedia.com According to many studies, our different personality traits and preferences, along with a range of emotional and mental behavioral biases, have a strong impact on the way we invest. This is commonly referred to as behavioral finance. As part of a two-part series on Behavioral Finance, we will […]
April 25, 2016
Personal Finance

Personal Finance – Why Didn’t I Learn That?

I recently returned from a reunion weekend with some of my college buddies. We caught up on wives, kids, work and all the other important parts of our lives. One thing struck me about the conversations, no matter whether I was speaking with liberal arts majors or those who studied corporate finance: While we all […]
April 13, 2016
6 Questions for Financial Advisor

6 Questions to Ask A Financial Advisor

Finding a financial advisor who is right for you is an important process. A good financial advisor is there to prevent you from making decisions that would have a negative, unintended impact on you. Who wouldn’t love to have a financial coach to keep you on track to achieve your financial goals? Just like with […]
April 4, 2016
Is your Retirement Advisor a Fiduciary?

Is Your Retirement Advisor a Fiduciary?

Do you want a financial professional who is opposed to financial transparency managing your money? The upcoming and long anticipated proposed rules by the Department of Labor (“DOL”) exposes that very debate, as it seeks to eliminate the ability of financial advisors to profit by selling retirement account products to investors without being held to […]
March 29, 2016
actively managed

Don’t Expect to Win With Actively Managed Funds

This article was originally published on NerdWallet.com Trying to pick individual stocks is a losing game, and this doesn’t just apply to individual investors. It’s also true for professionally run, actively managed mutual funds. Actively managed funds are tasked with picking a collection of stocks and bonds that will outperform market indices, or benchmarks, such as […]
March 23, 2016

March Madness and Investing: Surprising Similarities (And How to Avoid Common Mistakes)

What a great time of the year. Cherry blossoms are out, baseball opening day is right around the corner, and the best single elimination tournament in sports is on its way. That’s right, it’s March Madness time. For those of you unfamiliar, March Madness, as it’s commonly called, is a 64-team college basketball single elimination […]
March 21, 2016

Why Stock Picking Is a Losing Investment Strategy

This article was originally published on NerdWallet.com Picking a stock that goes up 100% in a year is exhilarating. But there’s a problem with this method of investing. Like gambling in Vegas, it may be fun and even rewarding in the short term. Yet in the end, just as the house always wins, picking stocks is […]
March 8, 2016

Why Volatility Is an Opportunity for Long-Term Growth

This article was originally published on NerdWallet.com The market has been on a wild ride lately, which has provided a wake-up call for investors who rode the six-year bull market — and its low volatility — without a care in the world. Now reality has set in. As with all market corrections, this one has inspired retail investors to question whether it’s […]