Jeremy Torgerson

Personal Finance, Small Business, Lifestage Based Planning
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“As the CEO of nVest Advisors, Jermey Torgerson specializes in serving the financial needs of working families, small business owners, educators, and employer-sponsored plans.”
Firm:

nVest Advisors, LLC

Job Title:

CEO

Biography:

Jeremy Torgerson is the CEO at nVest Advisors, LLC in Texas and Colorado and has over 9 years of experience in the finance industry. 

Prior to his time in investment management, Jeremy and his wife were small business owners in Colorado, owning and operating two restaurants, “Torgi’s Pizza & Pasta Co.”, and a large independent video store called “Fast Forward” (yes, Millennials, they really did exist!)

A trained speaker and former professional actor, Jeremy still takes the occasional acting job when his time permits, most recently portraying a modern-day Jesus in the 6-part Christian mini-series Unconditional Love. He narrates audiobooks for Audible, and also hosts two podcasts. He was also a featured actor on the stage at the Camille Playhouse in Brownsville, where he recently starred as Randle McMurphy in One Flew Over The Cuckoo’s Nest and Boolie Werthan in Driving Miss Daisy. Jeremy also utilizes his performance background as our company spokesperson.

Investments became his “day job” after the economic downturn that began in 2006 with a cascade of home foreclosures near Jeremy’s businesses in northern Colorado. The impact of the recession devastated families and small businesses, yet Jeremy felt the “powers that be” were motivated to help only the large banks and investment companies that caused the financial crisis in the first place. Those “mom and pop” businesses, and along with them so many hard-working American families, were left to struggle.

Taking what he learned in both good and challenging business climates, Jeremy began his financial advisor career with Edward Jones in 2008, with a focus on helping small business owners. His office opened in Los Fresnos, TX in 2008. In 2011, he took his practice independent and formed Palo Alto Investments in Brownsville, TX.

Watching the financial industry evolve, and seeing the impact technology could make for the betterment of client service, Jeremy decided in late 2015 to reinvent “Palo Alto Investments” into nVest Advisors, LLC. Doing so, he left behind commissioned securities sales and focused instead on creating low-cost, fee-only, actively-managed investment accounts tailored to the average investor and small business owner.

In February 2017, Jeremy moved his family back to Colorado, and nVest Advisors now serves clients in both south Texas and throughout the state of Colorado.

Assets Under Management:

$8 million

CRD Number:

5546264

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    401(k), Stocks
Where should I move my 401(k) gains before the bull stock market ends, in preparation for a market crash?
67% of people found this answer helpful

Here's the problem: I don't know how soon you plan to use the 401k funds. Are you 35, or 65? The answer will be wildly different in those scenarios.

At any age, rebalancing at least once per year is the right thing to do. This means putting your account back at the original percentages of stocks/bonds/alternatives that you started with. You do that to "scrape the wins" from the parts of your portfolio that did well, and reinvest them back into the underperformers. It also helps to make sure your account doesn't suffer from more volatility than you intended.

For example, let's say you were a middle-of-the-road 50/50 investor. 50% stocks and 50% bonds. With the stock market the past few years, if you didn't rebalance, your stocks might have grown to now be 60% or more of your portfolio, and your bonds would be 40% or less of the value. That growth in the value of your stocks has shifted your risk from 50/50 to 60/40. Rebalancing corrects that. If you don't rebalance, and the market drops significantly, you would have exposed 60% of your portfolio to a market drop, when you intended to expose only 50%. 

Here's the other bit of advice I'll give you: if you're younger than 50, totally and completely ignore today's stock market. Just keep plowing money into your account. Stock market declines are actually very GOOD for younger investors because you're buying. And when you are buying, you want the lowest prices possible on stocks. (It's when you're 70 and living off of those stocks that you can't have a down market, because then you are a SELLER, and not a buyer.) It's completely counter-intuitive to most people, but when you are young and investing, you actually WANT times of steep market declines. Most people, however, cannot manage themselves emotionally when this happens, which is one of the primary reasons to have a financial advisor - we're trained to keep emotions out of it and to help you stay focused on the long road ahead, not on today's market volatility.

The bottom line is, not one person here, on on CNBC, or anywhere else, knows when the market will drop, or how far, or for how long. Anyone who does make those kind of claims are either deluded or liars. To try to guess when it will happen will drive you crazy. Just pick the appropriate allocation for a several year period and get out of your money's way. :)

Best wishes to you!

4 weeks ago
    Investing, Stocks, Starting Out
How do I start investing with only $25?
60% of people found this answer helpful
3 weeks ago
    Debt
Should I pay off my mortgage or pay off my credit card debt first?
40% of people found this answer helpful
4 weeks ago
    Debt, Personal Finance, 401(k), Stocks
Should I pay down my mortgage with assets from 401(k), stocks and savings?
33% of people found this answer helpful
4 weeks ago
    Investing, IRAs, Stocks, Starting Out
As a 19 year old, what's the best way to start investing money from my Roth IRA?
0% of people found this answer helpful
September 2017