Dave Rowan

CFP®
Investing, Small Business, Lifestage Based Planning
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“Dave Rowan, CFP®, is committed to helping business owners, career changers and people nearing retirement navigate their wealth transitions with confidence and financial security.”
Firm:

Rowan Financial LLC

Job Title:

Founder, President

Biography:

Dave Rowan, MBA, CFP® is the founder of Rowan Financial, LLC.  His mission is to enable his clients to achieve a future that is even brighter than their past and present.

 Dave primarily attracts clients who are contemplating or experiencing a career transition.  This includes moving from one employer to another while remaining in the same field, pursuing an entirely new profession, starting up a small business or embarking upon an encore career.  Dave provides his clients with the short-term guidance necessary to successfully navigate these often stressful transitions with more confidence and financial security than they had ever imagined was possible. 

 Dave transforms the lives of professionals and entrepreneurs across the country with his expertise through his free online newsletter and blog.  Each issue contains high value content that enables readers to make the most of their career transitions, not only from a professional development standpoint, but also in terms of their financial and personal goals.

 Dave is a Certified Financial Planner® and is also a member of the Financial Planning Association® (FPA®).  His background also includes a BS degree in Chemical Engineering from Penn State and an MBA from Lehigh University.

 Dave is a sought after expert in the financial news media.  He has been featured in various online publications including US News & World Report, NASDAQ.com, The LA Times, Yahoo! Finance,  Investopedia, and The Christian Science Monitor.

 Dave grew up in the Lehigh Valley of Pennsylvania and has lived in the area for most of his life.  He currently resides in Bethlehem with his wife Stacy and their two daughters.  He loves walking and hiking in nature, football, lacrosse, yoga, reading, writing, shopping at local farmers’ markets, eating healthy food, an occasional battle on Clash of Clans, and bringing positive energy to his work and his relationships with family and friends.  

Education:

BS, Chemical Engineering, The Pennsylvania State University
MBA, Management of Technology, Lehigh University

Fee Structure:

Fee-Only

CRD Number:

5553570

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April 2017
    Investing
September 2017
January 2017
    Career / Compensation, Retirement Savings
March 2017
    Estate Planning, Retirement
August 2017
    Retirement Savings, Starting Out

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    Stocks
I'm new to this. Can I sell or buy stock by myself?
93% of people found this answer helpful

Everyone's new to investing in stocks at some point - good for you to ask this very basic but important question right up front!

The short answer is, yes you can. However, there is also the question of should you buy stocks in individual companies, which I'll cover later.

In terms of buying a stock yourself, the easiest way to do so is to open up a brokerage account with a discount provider such as Charles Schwab or Scottrade. Once your account is open and funded, you can login and buy and sell shares of stocks as often as you'd like. Most discount brokerage providers charge about $8 or $9 per trade.  

Make sure you look up the correct stock symbol and do your trading during the hours when the market is open rather than after hours when bid/ask spreads tend to widen and you could end up paying a premium for shares. For thinly traded shares (small companies that average few shares traded per day), consider putting a Limit Order in place to make sure you don't pay a premium. Here's a link that talks about what Limit Orders are:

www.investopedia.com/terms/l/limitorder.asp

However, rather than buying stocks in individual companies, you may want to consider investing in low cost ETF's (Exchange Traded Funds) that track major market indices such as the S&P 500. By buying shares in the ETF, you are effectively buying stock in dozens, if not hundreds of different companies and spreading out your risk rather than putting all of your eggs in one basket.

I personally no longer buy shares of individual stock for this very reason and recommend the same to all of my clients. If for some reason you still feel the need to buy stocks in individual companies, consider limiting this to no more than 5-10% of your total portfolio.

Good luck with getting started!

With Kind Regards,

Dave

September 2016
    Investing, Stocks
How can I prevent commissions and fees from eating up my trading profits?
81% of people found this answer helpful
December 2016
    Personal Finance, ETFs
When am I charged for an ETF expense ratio?
75% of people found this answer helpful
December 2016
    Financial Planning, Retirement
Should I retire early to take care of my parents?
75% of people found this answer helpful
November 2016
    Investing, Stocks
I want to start buying stocks. Where do I start?
72% of people found this answer helpful
June 2016