Ginny Brewster has been helping people manage their investments to meet their financial goals for the last 31 years as a Certified Financial Planner, adhering to their strict code of ethics. Previously, she owned several retail business's and was a Realtor. Ginny's civic contributions have been many including: PTA for 24 years, School Board Chairman, Elected Clackamas County Treasurer serving 4 years, Precinct Committee Women for over 30 years, and many service clubs such as Rotary and Chamber, 4-H Leader, and Foster Parent and Republican Women Federated. She actively supports many charity causes such as The Clackamas Homeless Shelter.
Investments are Ginny's passion because they offer security and the freedom of choice. The expertise that she adds is the ability to evaluate portfolios, diversify them to meet certain objectives, and then set up income so the money has the potential of lasting a lifetime through all type of market conditions. Ginny's goal is to offer investments to her clients of the best USA and International Companies she can find. Her clients range from small investors just starting with a Dollar-cost-averaging strategies of $100 a month, including teaching children the value of investing to very large million dollar accounts for very successful people.Ginny strives to build a trustful relationship where the client knows she cares about them.
Her "PAY YOURSELF FIRST" is not just for the accumulation of money, which is certainly a large part of her financial plans. Ginny and her team are also looking at how their clients take that money and use it for future goals such as retirement income, college funding, special projects, and dreams that they may have for the future.
Ginny always tries to lower the impact of taxes and to spread the risk so there are never big losses in a bad market. Ginny looked outside the box by not just settling into an asset allocation model that is recommended by a bank or other advisors. She looks at the economy and mainly the money managers who are managing the money: what is their background, reputation and past successes and failures. Ginny is constantly studying and learning, attending many investment due diligent meetings.
BS, Education, Oregon State University
Assets Under Management:
Securities and advisory services offered through Centaurus Financial, Inc. a national registered broker/dealer and a member FINRA and SIPC. This is not an offer to sell securities, which may be done only after proper delivery of a prospectus and client suitability is reviewed and determined. Information relating to securities is intended for use by individuals residing in AZ< CA, CO, MT, NV, OR, SC, WA. I serve my clients from my offices in Palm Desert California and Portland Oregon. Supervisory
I am not sure of the exact rules that Social Security requires for the documentation of expenses related to the 3 children, but I know it is for care of the child. You need to go to socialsecurity.gov (If you google Social Security you'll get a lot of other sites which you don't want). At the gov. site, if you open an account for yourself, it allows you to search for the answer, but my search did not say anything about the documentation of Social Security spent. It did say the child got benefits until age 16 and then it said age 18 for different circumstances.
As a responsible person, I would document how I spend the money for food, babysitting, and clothing. Also, document your average time each day of care such as driving, school visits, cleaning, and washing clothes. This will be good for tax records if you are ever audited. I would set up a savings account for each child, with you as their custodian, and deposit something like $50 or $100 a month for additional expenses. Then, when the child needs money for the basketball team or wants to go to summer camp, you have funds readily available for those activities. I would also set up a UGMA account in the name and Social Security # of the child with you as custodian. UGMA means Uniform Gift to Minors Act. This is the long term account for big emergencies of further schooling. This account can be set up at banks, but I would recommend an account with one of the major mutual funds. They handle UGMA accounts and also 529 college accounts where you are the custodian. This account is for growth, so pick a growth equity fund which has the potential to double in amount invested for 10 to 15 years.
Find a planner who is willing to set up a small monthly payment of $100 a month until you reach $1,000 and then you can choose how to add money at any time or let the balance grow. The planner should be willing to explain this to you and also be willing to sit down and teach the child from about age 10 up so he will learn about investing. It is an invaluable lesson and they become very possessive and responsible with the money. Look for CFP planners who do commission products because they have a fiduciary responsibility of giving you this service. Yes, there is a small commission, but the funds have lower internal fees and the care and service is worth the education and help. I cannot give you specific fund names, but a good place to start is to google "oldest mutual funds" in USA and the ones that appear have funds with long track records and low minimum investment amounts. You can also view their performance and ratings. Always compare returns for 1,3,5, and 10 year performances.
I hope his helps you and feel free to call me with questions.
Nothing is without risk, including your current account. This is because it has the risk of inflation which makes your future money have less purchasing power. You need to earn as much as inflation to stay even.
A strategy that works for gaining in up and down markets is to use a "dollar cost average" strategy into a growth and income or a value mutual fund. So, if you have a lump sum, set it up with systematic transfers from a money fund or a high yield fund over a period of time like one year. The performance will depend on how good the manager is and how the market performs.
If it is a small amount and you continue to invest each month or year, "dollar cost averaging" will get the advantage of buying more shares when the market is down and less when there is growth. (But the account value is growing too)
Many variable annuities have living benefits which guarantee either the principle or the future income after being held a certain period of time usually from 6 to 10 years. This means there is a loss of liquidity and you also pay an internal fee which range usually from .60 bases points to 1.2 bases points (or cents per dollar)
Index Annuities promise to never lose your money and the guarantee is backed by the Insurance Company offering the product. You are not invested in the actual stock index they use to value your account. They are complex products with maximum growth limits based on spreads. It is too complicated to get into here. Just remember the insurance company never wants to lose money on your account so these formulas will produce a lower return than the actual market.
My web site has limited explanations of the strategies and product types. www.financial-prosperity.com
If you have questions or concerns please give me a call.
You efinitely need to start a Dollar cost averaging. You will be buying more shares when the market is lower and more volitle.
so you need a real growth fund. I would consider one of the technology funds that has a good record for all the different time periods. 10. 5, 3, 1 year. and is at lease 4 star or 5 stars for some of the time period. Or one of the older growth funds from a well established fund family. don't worry if the market goes down you want to buy cheap. what to look for is a fund that in past down markets recovered quickly.
If you do dollar cost averaging and do it automaically out of your checking account. most funds will accept a $50 or $100 a month. even without a bigger up front manager.
don't worry about load or no load or cheap fees. What you care about is good managment performance and someone who is evaluating the funds and can give you good advice, Now and in the future. most advisors who are fee only will not take small accounts. and those whe are commission are not doing it for $2 to $3.50 up front fee. They are looking for a long term relationship and can be very helpful on future business decisions. Look up the "rule of 72" which is where you divide the return rate into 72 and that will tell you how long it will take for a lump sum to double in value. So a 6% return will take 12 years to double but a 12% return will take 6 years to double.
if you can afford more monthly investment money choose two or three funds. you will learn about investing in different types of markets. Forget about bonds as you will never make any money at this time and they can loose money when interest rates go up.
Ginny Brewster CFP
You must have earned income. So if you have no earned income and a simple definition is income that you pay soical security on then you cannot open a 401k.
If you are looking tax deferred investments you might consider a variable annuity. They get aa bad rap because some are very overpriced fees and long deferred sales charge. But if you look closely you can find varible annuities with fees between 1% to 1.4% and that covers any sales charge and VA management and mortality fees. This will not cover anything but a basic dealth benefit. if you want guaranteed income for life or stepped up death benefit there are additional fees
They are complicated and you must work with someone who will take the time to explain them in detail. Look for someone who is fully securities licenses, and preferrable a CFP professional. make sure you have a wide selection of funds and most variabe annuitie's wesites let you go directly to performance of YTD up to 10 years. I am not fond of asset allocations but older equity mutual funds that pay dividends offer good performance over the long run.
And you don't have to take money out some till 90 to 105 years old. it is ordinary income but so is IRA and 401k when withdrawn and require Requried minimum distribution at 70 1/2
so there is a lot to consider.
at age 20 Start with a mutual fund. Look at the older comanies and at their earning history. Pick a sector you like such as technology for growth. Don't worry to much about the cost but be aware of what you are getting. Eveyone gets paid somewhere and it is controled by a lot of laws. Look for mornignstar rating but remember they are very broad criteria.
Evaluate your risk tolorance determine if you can stomach a 20% loss for a 30% gain. if you don't know risk start with 3 o4 four mutual funds and dollor cost average in $50 or $100 a month. You will never hit the all time hig price or the all time low for the period but you cost bases over time will be slightly lower the and aveage time for the period of say 3 to 5 years. and more than likely you will be making money and not loosing as you could when you bet on one or two stocks. Most of the old family of funds will take that low amount of investing as long as your have a systemeatic investment each month and plan to meet their minimum. You will start to understand volatility and return because investing will become a habit. Dollar cost averaging is considered as safe strategy into a diversified portfolio. If you consitently invested $100 a month for 20 years you will be worth real money if you use a good 3 to 5 star fund in the growth and income class. (income means it is investing in dividend paying stocks which usually means the company is making enough profit to pay dividends) If you put 5% of your income away each year and monthly you will gain a very nice next ege
Mutual funds have on line classes and guides. How to choose a mutual fund etc.
rules for evaluating an individual stock stock
1. is it making money and have a history of continued earning increasing? Price earnings Ratio is it high or low. got to a glossery and look up all the terms. every brokerage house has this as well as all on line financial sites. they also have courses.
2. is it in a field you understand and does this area have potential for growth, influuenced by government, etc.
3. how long has management been in place. Read research reports.
4. go to their web side read their mission, prospectus and view management site. on line see if management is buying or selling their own shares. It is controled and reported. if you just go to yahoo finance and put in the symble you can get all this information at a clik of a mouse for free and probably at other sites.
Good Luck and remember disapline is having a plan and not procrastinating