Kevin Michels

CFP®
Personal Finance, Retirement, Investing
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“Kevin Michels, Financial Planner with Medicus Wealth Planning, ensures that his clients are always invested correctly, have an updated and accurate financial plan, and are on track to enjoy their desired lifestyle in retirement.”
Firm:

Medicus Wealth Planning

Job Title:

Financial Planner

Biography:

Kevin enjoys helping clients from all stages in life with sound financial planning. Kevin has especially found a niche in advising small business owners who’d like to create or improve upon their existing company retirement plan.

Kevin got his start in the financial planning industry by going to work for one of the largest discount brokerage and mutual fund companies in the world, Fidelity Investments. While at Fidelity, Kevin held his Series 7 and 63 Licenses which allowed him to work as a trader, completing transactions in stocks, mutual funds, and options.  After being promoted to a department that focused on helping clients with their company retirement plans, Kevin found what he had a passion for, helping small business owners and their employees successfully prepare for retirement.

Kevin left Fidelity to come work with David Luke as a partner in Medicus Wealth Planning. Having the opportunity to work with clients on a fee-only basis allows Kevin to give objective and sound financial planning advice that is never tainted by a hidden agenda.

Kevin graduated from Utah Valley University with a degree in Personal Financial Planning. Utah Valley University’s Financial Planning Program has been recognized on numerous occasions as a top 10 Financial Planning Program in the country.

Shortly after graduating with a degree in Personal Financial Planning, Kevin became a Certified Financial Planner™ (CFP®).

Kevin lives in Riverton, Utah with his wife Lauren, and their two children. Kevin spends much of his free time with his family outdoors, playing sports, and watching Jazz games. Kevin and Lauren enjoy living close to both of their families and spending time with them.

Education:

Personal Financial Planning, Utah Valley University

Assets Under Management:

$35 million

Fee Structure:

Fee-Only

CRD Number:

6185260

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April 2017
February 2017
    Retirement Savings, Investing, Retirement Living
March 2017
    Investing, Stocks
June 2017
    Retirement Living, Retirement Plans, Retirement Savings
March 2017
    401(k), Retirement Savings, Tax Deductions / Credits

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    Financial Planning, Stocks
Under what condition would a "buy to open" call option expire worthless?
100% of people found this answer helpful

Sell to open on a put option means that you sell a put option to the buyer which gives the buyer the right to sell you stock at the strike price. Since the stock price was below the strike price, you were obligated to buy the stock at the strike price. If you wanted to open up a new option position, that would give you the right to sell the stock at the same strike price you should have bought a put or "buy to open" on a put option. This would give you the right but not the obligation to sell your stock at a certain strike price.

You initiated a "buy to open" call option which gives you the option to buy the stock at a certain strike price. The holder of a call option hopes the price of the stock rises so they can buy that stock at the strike price.

You think you should have initiated a "sell to open" call option which would oblige you to sell your stock at a certain strike price if the holder exercises. This isn't the outcome you want because the holder will only exercise if the stock price rises and you would be selling it at a loss.

On your current contract, if the stock price is above the strike price, you can sell the option for a profit, you should initiate a "sell to close". If the stock price is below the strike price, then the option will expire worthless.

Read up on options before you deal with them, they can be complicated and confusing and you can really burn yourself. Practice as well before you actually start trading real money.

May 2017
    Personal Finance, Taxes
How should I prepare for the "biggest tax cut in history?"
100% of people found this answer helpful
May 2017
    Retirement Savings, IRAs
Where should I put my savings if my income is now too high for a Roth IRA?
100% of people found this answer helpful
March 2017
    Stocks
Why do some huge companies have such low stock prices?
98% of people found this answer helpful
February 2017
    Investing
What investment strategies do you recommend for someone with low capital?
91% of people found this answer helpful
February 2017