Elyse Foster

CFP®
Investing, Small Business, Lifestage Based Planning
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“Elyse Foster, Founder of Harbor Financial Group is an experienced wealth manager dedicated to providing unbiased advice, education and resources to individuals, families and businesses.”
Firm:

Harbor Finanacial Group, Inc.

Job Title:

CEO

Biography:

Elyse Foster founded Harbor in 1988 and provides strategic direction for the firm. In addition Elyse works with individuals, families and businesses to create a unique plan for their present and future.

Harbor explores financial planning for life events such as saving for college and retirement, a job change, business sale or inheritance. The firm assists in minimizing taxes and passing wealth to the next generation. Elyse and her team believe a good plan incorporates risk management, including a review of casualty, life, disability, health and long-term care insurance. They review and monitor company benefits. They believe in interactive education and bring current topics and education to their clients and professional partners in the form of small group presentations and workshops, outside speakers, book discussions, economic discussions, and articles groups.

Investments play an important role in a successful plan. Elyse and her team's investment models are integrated into the wealth management plan and have high, consistent returns with correspondingly low risk. They have a history of taking profits when the market prices were high throughout market cycles in 1999-2000, and 2007-2008 and have success in re-entering markets in 1987, 2001 and 2009. They identify and implement opportunistic strategies to capitalize on opportunities created in turbulent times. In addition to a market tested process for core investment selection, they have positioned their firm to take advantage of private equity and debt investment opportunities offering access to institutional offerings with historical relationships cultivated during our long history. Real estate is a specialty however they have a long history and experience in a broad range of alternative investments.

Prior to founding Harbor, Elyse was an investment banker, Director of Operations for a planning firm and a staff accountant. She earned her B.A. degree in Political Science from the University of Colorado-Boulder and has held the CFP designation since 1984.

Elyse enjoys an active Colorado lifestyle year round as well as photography, dance and travel. Community involvement is also important to Elyse. She is Chair of the board of directors for the Humane Society of Boulder Valley and is a board member for the Burridge Center for Finance and at the University of Colorado Boulder. Her work on the board was instrumental in bringing the CFP curriculum to the university. She also enjoys spending time with family and friends.

Education:

BA, Political Science, University of Colorado -Boulder

Assets Under Management:

$160 million

Fee Structure:

Fee-Only

CRD Number:

1064471

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August 2017
    Retirement, Retirement Plans, Retirement Living
March 2017
    Choosing an Advisor, Investing, Personal Finance
May 2017
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    Personal Finance, Stocks, Income Tax
Should I sell a stock that's down 70% for income tax purposes?
75% of people found this answer helpful

You are facing one of the most difficult decisions for an investor. First, assure yourself that if you invest, this can and will happen. You are questioning how to proceed which is your logical next step.

In order to make a good decision, you need to reevaluate the stock. What are the company's prospects? Review market share, new products, competitor performance, all of the statistics on free cash flow, management, etc. If you think the company might turn around in future, you can still sell the shares and lock in the loss. Then re-buy the shares 31 days later. If you don't want to be 'out the market' in this category for the 31 days, you can employ a strategy of buying an index fund that covers this exposure for you. Once you are ready to re-buy your shares, sell the index.

If you think the stock has poor prospects and your company research supports this, simply sell the stock and take the loss. Given the underperformance timeframe, in my experience, this is the most likely outcome.

April 2017
    Personal Finance, Starting Out
If you had to give a young adult one piece of financial advice, what would it be?
74% of people found this answer helpful
April 2017
    Investing, Stocks
What is the most efficient way to learn how to invest while working full-time?
50% of people found this answer helpful
April 2017
    Investing, Stocks
Should I purchase my company's stock on a monthly basis?
43% of people found this answer helpful
March 2017
    401(k), IRAs
Should I stop contributing to my 401(k) and build up my cash?
40% of people found this answer helpful
last month