<#-- Rebranding: Header Logo--> <#-- Rebranding: Footer Logo-->

Jayson Owens

Personal Finance, Retirement, Investing
78%
Helpful
22
Answers
0
Articles
2
Followers
“As a Financial Planner for Bright Road Wealth Management, LLC, Jayson Owens is dedicated to providing comprehensive, ongoing financial planning and investment management services for his clients.”
Firm:

Bright Road Wealth Management, LLC

Job Title:

Financial Planner

Biography:

How I got into this mess:

I'll admit it took me longer to find my true calling than most. Resistance to wearing a suit, lack of a win-at-all costs attitude (commitment to my own integrity), and an industry rife with conflicts of interest all conspired to keep me from becoming a financial planner sooner.

But by the time I found my home as a fee-only financial planner, I had unwittingly built a strong skill set that became the perfect foundation on which to build a career. Creativity honed in architecture and the arts combined with 15 years of small business operational management and strategic planning, provide much more practical experience than many advisors with more direct experience can bring to bear. Years of coaching individuals in productivity and efficiency combined with study of behavioral economics gave me an intuitive understanding of motivation. Finally, years of outdoor adventure guiding and real estate investment management brought me enough risk assessment and risk management experience to fill several lifetimes.

What I provide for my clients:

I am committed to full-service, comprehensive financial planning and investment management. I work with clients, both in person and virtually, to optimize their unique financial situation. I like to help my clients save money and increase the return/ risk ratio of their investments. My goal is to maximize the probability of you achieving your own personal and financial goals. This is a long-game approach. As humans, we are prone to growth and as we grow our goals can change, so I use what I know about you to preserve your future choices.

 

When I am not working on improving your financial life:

I hang out with my wife and two young kids in the outdoors - biking, camping, skiing, or rafting. I teach Wilderness First Aid courses for NOLS. I volunteer as Treasurer of the Tacoma Waldorf School Board of Trustees.

Education:

Bachelor of Environmental Design, Texas A&M University

Fee Structure:

Fee-Only Based on Assets Under Management
Hourly

CRD Number:

6618470

Disclaimer:

Bright Road Wealth Management, LLC is a registered investment adviser in the States of Alaska, Texas, and Washington. The adviser may not transact business in states where it is not appropriately registered, excluded, or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

All Answers
Sort By:
Most Helpful
    401(k), Annuities, Stocks, Insurance
Should I consider investing in an annuity or stick with my long-term stocks if I don't like the unreliability of the market?
100% of people found this answer helpful

If you can reframe your thinking a bit, you should stick with long-term investments in the market. All it takes is to just look at the empirical data without emotion, to see the better investment. Unfortunately, our world is filled with misinformation aimed at bringing emotion back into our financial decisions.

"Your" rep is suggesting this because she/he heard the magic words "I don't want to lose money." When people ask insurance agents for a guaranteed return, that's exactly what they get - a guarantee to barely outpace inflation. This is probably selection bias, but only about 10% of the people I see that buy these are still happy with them after 2-3 years. Somehow the returns on these annuities don't work out to be what the owner expected.

Here are some ways to reframe your thinking, if you'd like to:

1) "Your AAA rep" is actually AAA's sales rep with a primary duty to AAA. If you aren't paying for their advice, just ask yourself who is paying them to recommend things to you. Further, it seems that many agents don't actually understand points 2 and 3 below. It seems some generally believe that a guaranteed positive return is good no matter how small or how much it costs in fees. Frankly, I have met only a few that had any formal eduction related to investing in the market. Many have a fear of market volatility based on their own bad investment experiences or just lack of understanding.

2) Volatility is not unreliability. The market is not and has not been unreliable in the 90 year period for which we have reliable data. On average, the market has one down year in every five on the order of negative 20-40%. With the Dow being down only 5.63%, 2018 was not that - meaning another short-term downturn should be expected. If you are appropriately diversified, you can limit your participation in volatility, but short-term downturns should absolutely be expected within the long-term growth trend.

3) You won't have "lost" any money until you sell your investments. Sure some blue-chip stocks have gone to zero, but you shouldn't be guessing/betting on individual stocks anyway. When you sell in a down market, though, you are literally selling low and locking in losses. Think about this: you probably know a few people who locked-in losses in 2008, selling out of great portfolios and buying annuities or CDs or worse, just putting it in a brick and mortar bank savings account. How are they doing today? Many of them regret that decision. Unfortunately, many of these people are struggling today, because no one was there to talk them out of selling at the bottom. Some still blame the "market", but it's just bad investor behavior. No one forced them to exit the market and miss out on 10 years of growth that would have tripled their investments. We don't know when those great up years are going to happen, but we do know when people sell at or near the bottom, they generally wait until they feel better about the market's "reliability" to get back in... that usually turns out to be the top before another downturn.

4) Focus on the problem, not investment returns (particularly short-term returns). What is the problem your investments are trying to solve? At 48, unless you have reason to believe you'll die before 60, the biggest problem you have ahead of you is loss of purchasing power due to inflation. You need your investments to grow. Becoming too risk averse too early guarantees a need for higher contributions.

5) If you have a good investment plan, or even better, a good financial plan, you shouldn't be making changes based on market cycles. Changes should be based on changing goals or life circumstances.

Don't get me wrong. There are some great insurance agents out there, and some annuities that are great solutions for a small percentage of the population. But from what you've said here, I don't see anything that puts you in that small percentage.

However, if you think you won't reframe this way and you'll continue to sell at the bottom, then it probably is a good idea to move to an annuity and dramatically increase your savings rate. In that case, you should shop around with several agents and get a second opinion from an advisor that doesn't sell annuities.

Good luck with your decision.

last month
    Financial Planning, Retirement, Annuities, Taxes
Would converting my entire 403(b) into immediate annuities satisfy required minimum distributions?
100% of people found this answer helpful
last month
    Debt, Estate Planning, Choosing an Advisor, IRAs, Real Estate
How should a 22-year-old invest an inheritance of $210,000 and inherited Roth IRA of $375,000?
86% of people found this answer helpful
November 2018
    Asset Allocation, Bonds / Fixed Income, Choosing an Advisor
Should I try a do-it-yourself approach when beginning to invest 50% in stocks and 50% in bond mutual funds, or hire a financial advisor to select a basket of stock options and bond mutual funds? 
83% of people found this answer helpful
March 2018
    Social Security
Does Social Security income change when you change your residency to a different state?
40% of people found this answer helpful
November 2018