Andrew Marshall Financial, LLC
With an early love of finance and years of personal investment experience and success, it was while working for a biotech company that Andrew Marshall expanded his interests into retirement plans and more complex personal finance concepts. While searching for good financial advice, he realized how difficult it was to obtain correct, unbiased information and how others must be in a similar situation. This discovery, and the passion to provide effective and trustworthy financial advice, was the driving force behind starting Andrew Marshall Financial, LLC.
Andrew's research into the best places to work in financial services led him to join the Garrett Planning Network. He fully supports its mission of making competent, objective financial advice accessible. Andrew has completed the certificate program at the University of California, Irvine in Personal Financial Planning and has passed the rigorous CERTIFIED FINANCIAL PLANNER™ exam. He started his own Registered Investment Adviser firm in the State of California, Andrew Marshall Financial, LLC., so he can be fully independent and give his clients uncompromised advice.
Andrew Marshall attended the University of Kansas on a swimming scholarship, earning a Bachelor’s degree in Cell Biology and a Master’s degree in Molecular Genetics. He has lived in Leucadia, California for nearly twenty years.
Andrew is a financial planner who loves working closely with people to develop personalized solutions in order to meet their financial goals and truly make a difference in their lives. Coming from a scientific background has enhanced his financial skills, teaching him the value of scientific proof and how to review evidence before drawing conclusions. Andrew Marshall has the drive of a former competitive athlete, the smarts of a molecular geneticist and the passion to help others, making him the ideal financial planner for you and your future.
MA, Molecular Genetics, University of Kansas
Assets Under Management:
Your long term investment portfolio should not have any Inverse ETFs in it. There are specific reasons inverse ETFs exist and should be used for timely hedging, but they should NOT be held for the long term. The components of the ETF are usually futures contracts which expire every month. Repurchasing these contracts by the ETF issuer is costly and that cost is passed thru to the shareholders. Over the long term, the stock market rises so being short (inverse) is not the right position to be in.
The Brexit event would be a good example of a time when using an inverse ETF may be appropriate. To hedge your long exposure while awaiting the Brexit results, you could have owned some inverse ETFs and then sold it after hearing the result and seeing that the markets were heading higher. This is an active strategy, but could be beneficial if used appropriately. Also it is for advanced, experienced investors who understand stop losses and risk control.
If you are not comfortable or completely sure about what you are doing, then you should hire some help. The question becomes whom. You should question any advisor's motivation. Financial advisors and planners who are paid on a fee-only basis have fewer conflicts of interest. Another way financial planners are compensated is by the hour. Check out the Garrett Planning Network to find one of these advisors in your area. An hourly financial planner can coordinate other areas of your finances as well as helping you with starting to invest.
Sounds like it is time for some expert advice. Here is a good article on choosing a debt counselor: https://www.consumer.ftc.gov/articles/0153-choosing-credit-counselor Non-profit is not the only requirement you should look for. A good counselor will be able to tell you if its possible and worth your time trying to avoid bankruptcy.
There are some companies trying to make the financial services industry easier and more cost efficient for customers to use. They are called "FinTech" companies and one of those companies that does stock trading without commissions is called Robinhood. There is a Robinhood app, and you and can learn more about them on their website.
With Robinhood, you can buy and sell stocks without paying the $7 - $10 commissions charged by other brokers. They have no account minimums to open an account. You can purchase as little as one share of a company. It is designed as an easy way to get started with investing.
This doesn't have to be an either / or decision. If you put some money towards paying off your mortgage early, you will benefit from saving on the interest you will pay. If you also put some money into investments, you will benefit from the additional years of compounding returns. Spreading your money across your options increases your odds of a beneficial outcome. A fee only financial planner has software that can tell you the best proportion to put into each: mortgage or investments.