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Goal Based Investing: Planning for Key Life Events (Series: Personal Finance & Investing Fundamentals 1.0)

There is a redundancy in the title for this episode, for one should invest only with one or more goals in mind. This goes along with being the ally of the future version of you – someone you like and hope to admire. This webinar identifies key events and discusses approaches to husbanding our investment dollars.

To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/goal-based-investing-2019/

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Goal Based Investing: Planning for Key Life Events (Series: Personal Finance & Investing Fundamentals 1.0)

  1. 1. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe Insert the cover image for this webinar on this slide entirely 1
  2. 2. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe Practical and entertaining education for attorneys, accountants, business owners and executives, and investors. 2
  3. 3. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe DISCLAIMER The material in this webinar is for informational purposes only. It should not be considered legal, financial or other professional advice. You should consult with an attorney or other appropriate professional to determine what may be best for your individual needs. While Financial Poise™ takes reasonable steps to ensure the information it publishes is accurate, Financial Poise™ makes no guaranty in this regard. 3
  4. 4. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe MEET THE FACULTY Moderator: Arthur Doglione – Alpha Fiduciary Panelists: James Jones – IraeXchange.net Jonathan Friedland – Sugar Felsenthal Grais & Helsinger Ron Diamond – Diamond Wealth Strategies 4
  5. 5. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ABOUT THIS WEBINAR: Goal Based Investing – Planning for Key Life Events There is a redundancy in the title for this episode, for one should invest only with one or more goals in mind. This goes along with being the ally of the future version of you – someone you like and hope to admire. This webinar identifies key events and discusses approaches to husbanding our investment dollars. 5
  6. 6. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ABOUT THIS SERIES: Personal Finance & Investing Fundamentals 1.0 This webinar series is intended for the investor who wants to reduce “unknown unknowns” of investing. First, a refresher on asset allocation and portfolio theory, i.e., how to array your investments to produce reliable returns over time and temper potential losses. Then two episodes on the “why?” of investing – the goals one pursues, such as financing family events, retirement, and the fate of your assets when you meet your Maker or Makers or fade to black or whatever. Tax and legal and investment professionals have their uses, but you get more from them when you know what questions to ask and what information to insist on receiving. The final two episodes turn topical, taking up special topics, including options and private securities (as well as public securities). 6
  7. 7. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe EPISODES IN THIS SERIES 1/24/19 Episode #1: Basic Investment Principles 101 - From Asset Allocations to Zero Coupon Bonds 2/21/19 Episode #2: Goal Based Investing- Planning for Key Life Events 3/21/19 Episode #3: The Legal & Tax Aspect of Investing: Asset Protection; Estate Planning, and Tax Efficiency 7 Dates shown are premiere dates. All webinars will be available On Demand approximately 4 weeks after they premiere.
  8. 8. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe EPISODE #2: GOAL BASED INVESTING – PLANNING FOR KEY LIFE EVENTS 8
  9. 9. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe THE RISE OF AUTOMATIC ENROLLMENT Plan Sponsor Counsel of America annual survey, posted in Ben Steveran, “Thank Richard Thaler for Your Retirement Savings,” Bloomberg.com (visited July 9, 2018)
  10. 10. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe SAVE MORE TOMORROW 2017 analysis of plan data by David Blanchett, of Morningstar Investment Management, posted in Ben Steveran, “Thank Richard Thaler for Your Reirement Savings,” Bloomberg.com (visited July 9, 2018)
  11. 11. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe INVESTING VS. GOALS-BASED INVESTING ⚫ Is money a tool to improve life? ⚫ Or is life a tool to make money?
  12. 12. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe INVESTING VS. GOALS-BASED INVESTING (cont'd) Those questions are important because: ⚫ There is a balance to be struck somewhere between work and life; ⚫ As wealth grows, the marginal utility of additional wealth tends to fall for most of us; ⚫ Future market returns are not knowable and not within your control; ⚫ Higher returns typically come at greater risk
  13. 13. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ORDINARY INVESTOR QUESTIONS ⚫ How can I maximize returns? ⚫ How did this portfolio perform last quarter/year/decade?
  14. 14. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe GOAL-BASED INVESTOR QUESTIONS ⚫ What’s important to me? ⚫ What will it cost and when? ⚫ How do I maximize the likelihood that I’ll have the money I need for the things I care about?
  15. 15. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe S.M.A.R.T. GOALS ⚫ Specific ⚫ Measurable ⚫ Attainable ⚫ Realistic ⚫ Timed
  16. 16. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe MEETING LIFE GOALS – NOT RETURN NUMBERS Higher “potential” or “expected” returns are great, but: ⚫ “Expected” returns are not the returns you will “probably” get ⚫ They are merely the median point in a random distribution of possible return scenarios ⚫ Actual returns could be much better or much worse
  17. 17. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe THE IMPORTANCE OF RISK ⚫ Future returns are highly uncertain in investing ⚫ Keeping the capital you start with is uncertain when investing ⚫ Higher “expected” returns tend to require taking more risk ⚫ The cost of higher “expected” returns often exceeds the risk of not meeting goals at all ⚫ “Goals-Based” investing elevates certainty in meeting goals over higher returns
  18. 18. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe HOW DOES IT WORK? First and foremost, think carefully in identifying goals.
  19. 19. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe PERSONAL GOALS: FOR THE INVESTOR ⚫ Retirement income (How much? When?) ⚫ Buying a home/paying off a mortgage ⚫ Debt freedom ⚫ Vacation home
  20. 20. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe GOALS: FOR CHILDREN ⚫ Summer camp ⚫ Education (High School? College? Where? [better also ask “why?”]) ⚫ Permanent care for special needs children ⚫ Weddings/confirmations/Bar Mitzvahs/special events ⚫ Bequests
  21. 21. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe GOALS: OTHER LIFE EVENTS Other life events commonly seen as financial goals include: ⚫ New cars (again, better ask “why?” especially if it is a Maserati) ⚫ Upgrades/remodels to home ⚫ Special trips
  22. 22. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe WHAT RESOURCES? ⚫ Current savings and investments ⚫ Over what number of years? A time to sow, a time to reap. ⚫ Cash flow/ability to save ⚫ What insurance is in place? ⚫ Debt: A problem? How to address it?
  23. 23. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ON INSURANCE ⚫ What is in place? ⚫ Life ⚫ Disability ⚫ Long Term Care ⚫ Property and Casualty ⚫ How long? How much? Terms?
  24. 24. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ON INVESTMENTS ⚫ Target portfolio allocation ⚫ Test portfolio allocations with savings plan ⚫ Monte Carlo Simulations/Capital Market Assumptions/Volatility Assumptions ⚫ Consider costs ⚫ Focus on likelihood of goal attainment
  25. 25. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe IMPLEMENTATION (THERE IS NO “TRY”) ⚫ Apply for insurance ⚫ Open accounts ⚫ Allocate investments ⚫ Implement automatic savings plan ⚫ Review and rebalance periodically
  26. 26. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe MONITORING AND ADJUSTMENT ⚫ Periodically review performance ⚫ Re-evaluate goals. Have they changed? ⚫ Re-consider cash flow? Can you do more? ⚫ Re-run plan ⚫ Make adjustments ⚫ Savings rate ⚫ Anticipated timeframe ⚫ Portfolio allocation
  27. 27. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ABOUT THE FACULTY 2 7
  28. 28. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ARTHUR DOGLIONE – arthur@alphafiduciary.com Arthur is an industry veteran with more than 20 years’ experience working with high-net-worth clients. He has an extensive background in wealth management with particular expertise in portfolio management. Before establishing Alpha Fiduciary, Art was a Senior Vice President with Merrill Lynch where, prior to leaving in November 2006, had built his practice to be the largest of Merrill Lynch’s Arizona territory. Art founded Alpha Fiduciary in 2006, and has completed two acquisitions. The firm currently serves clients across many states as a fee-only Registered Investment Advisor (RIA). As president, Art has assembled a team of experienced, credentialed professionals at Alpha Fiduciary to execute on its mission of helping clients achieve their optimum financial life. The firm’s approach combines prudent financial planning with an investment style focused primarily on low-cost “passive” investment solutions. The Investment Committee also seeks to enhance returns or diversification of its passive portfolio by adding a smaller number of carefully selected actively managed funds. Alpha Fiduciary has a fiduciary responsibility to its clients, and this means you can be sure we only serve one master: our clients. 2 8
  29. 29. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ARTHUR DOGLIONE – arthur@alphafiduciary.com In addition, Art has taught a six-week wealth management course at UCLA Extension several times. This coursework was designed to educate investors by providing a framework whereby business principles are applied to the investment process, which in turn provides a greater understanding of the key areas of risk and performance that can shape investment returns. This education is founded in Art’s fiduciary focus and desire to improve the quality of the individual investors investment decisions. 2 9
  30. 30. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe JAMES JONES – jamesalfredjones@verizon.net James A. Jones is the CEO and Founder of the Self-Directed IRA Investment Institute and Vice President of Business Development for Kingdom Trust Co. Invited to the White House Crowd funding Champions of Change, he is a nationally recognized Self-Directed IRA speaker, author and educator and Certified IRA Services Professional. Mr. Jones is regularly featured in the Wall Street Journal’s Market Watch, AccreditedInvestorMarkets.com and InvestorBeat.com, as well as a regular speaker at Crowd funding Industry Association events and NowStreet Wire Crowd funding Event Series presenting to industry record attending webinars with Morningstar and Key Partners on truly diversifying retirement plans though alternative assets in IRA’s and Solo 401K’s. James A. Jones works directly with IRA holders, as well as Crowd funding portals, Broker Dealers, Hedge Fund Managers, Tax Attorneys, CPA’s, Registered Investment Advisers, Family Offices and Real Estate firms and associations. He is the industry’s most published author offering the series “Retire Richer” core set with “Self-Directing Your Retirement”, “Self- Directed IRA Workbook”, the Industry’s first practical step-by-step guide in the process of investing in self-directed IRA’s, and “Self-Directed IRA – Prohibited Transactions”. Having spent over 20 years in financial services working for firms such as Merrill Lynch and Wells Fargo, Mr. Jones has Series 65, 7, 63, insurance and mortgage licenses as well as a graduate degree in Finance from Harvard University. 3 0
  31. 31. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe JAMES JONES – jamesalfredjones@verizon.net James serves on the Board of the Crowd funding Intermediary Regulatory Advocates (CFIRA) and is the Co- Chair of the Investor Committee, is a Founding Member of the Crowd funding Professional Association and the Crowd funding Association of America. 3 1
  32. 32. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe JONATHAN FRIEDLAND – jfriedland@financialpoise.com Jonathan Friedland is a partner with Sugar Felsenthal Grais & Helsinger. Jonathan P. Friedland is well recognized as a lawyer’s lawyer. Clients turn to Jonathan with their most challenging restructuring and business matters. In addition to counseling privately owned businesses in their acquisition and divestiture transactions, Jonathan is highly regarded for serving as outside general counsel to closely-held companies and their principals. In addition, he frequently serves as co-counsel to other law firms whose clients are facing financial distress. Jonathan’s practice is national, regional and local in scope. He is licensed to practice law in Arizona, Illinois, New Jersey and New York. Jonathan’s practice includes representing private equity funds and other investors in mergers and acquisitions activities. Additionally he advises clients about fiduciary duties and helps structure relationships between shareholders, LLC members and joint venturers. He counsels on succession planning, , employee matters and a host of other corporate matters. During the course of his representation, Jonathan is frequently engaged in negotiating loans and equipment leases and general contract issues. 3 2
  33. 33. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe JONATHAN FRIEDLAND – jfriedland@financialpoise.com In his extensive restructuring and insolvency work, Jonathan as guided scores of companies through challenging financial situations, including Chapter 11, assignments for the benefit of creditors and out-of-court workouts. For over two decades, he has also represented buyers of distressed assets and creditors and creditor committees against distressed business. Jonathan is a highly regarded author, editor and speaker. He has authored more than 100 published articles in professional journals. He also has been profiled, interviewed and/or quoted in such publications as Buyouts Magazine, The M&A Journal, Inside Counsel, LAW360,Business Week.com, The Bankruptcy Strategist, Dow Jones Daily Bankruptcy Review; Dow Jones LBO Wire, and The Daily Deal. Jonathan is lead author of Strategic Alternatives for Distressed Businesses, and Commercial Bankruptcy Litigation treatises, published by West, and the general editor of A Comparison Shopping Guide for 363 Sales, published by the American Bankruptcy Institute. Jonathan is also the founder and chairman of DailyDAC, LLC, d/b/a Financial Poise™, an on-line provider of continuing education, information, and business intelligence for business owners, investors, and their trusted advisors. He is also on the editorial board of “The Corporate Counselor.” 3 3
  34. 34. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe RON DIAMOND – ron@diamondwealthstrategies.com Diamond Wealth Strategies is the most comprehensive, holistic full service boutique advisory firmcatering exclusively to the many unique needs of 100 Single Family Offices ranging in size from $250 million to $20 billion. Diamond has a direct investment division that serves as an outsourced alternative assets platform (private equity, venture capital, real estate) for Family Offices that do not have a dedicated alternative assets team. This enables Family Offices to make direct investments in alternative assets without the high cost and inflexibility of traditional fund investing. Diamond has a Wealth Transfer division which reviews estate and gift tax planning objectives in consideration of the Family’s goals and objectives. In doing so, Diamond identifies strategies that may minimize transfer taxes such as gift, estate, and generation skipping taxes while meeting the Family’s planning objectives. The planning is typically in response to specific planning needs which may include transactional planning and structuring, sophisticated inter-generational wealth transfer considerations, wealth preservation, asset protection and distribution strategies and family gifting strategies. 3 4
  35. 35. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe RON DIAMOND – ron@diamondwealthstrategies.com Diamond has an investment banking division which provides financial advisory services to middle market companies throughout the world, including institutional private placements of debt and equity, merger and acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services all geared around the unique goals and objectives of Family Offices. Lastly, Diamond has a Philanthropy division The philanthropy division focuses on governance design that reflect founder and family intent, methods for identifying and engaging trustees, coaching and leadership training, next gen training and connection to family values, tools and learning agendas for strategic giving, legacy, capital, and global giving, giving during times of natural disasters and active conflict, and portfolio evaluation and results driven learning and planning. Mr. Diamond graduated Magna Cum Laude from Northwestern University with a degree in Economics.Following graduation, Mr. Diamond worked at Drexel Burnham Lambert working in high yield, investment banking, and money management. Following Drexel Burnham, Diamond became a Managing Director at Bear Stearns managing over $ 1 billion for high net worth individuals. 3 5
  36. 36. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe RON DIAMOND – ron@diamondwealthstrategies.com After Bear Stearns, Diamond launched a $250 million hedge fund utilizing his proprietary trading strategy. He successfully ran the hedge fund for 10 years, beating the S & P index each year, and ultimately sold it to an institutional investment firm. Mr. Diamond is a frequent speaker at Family Office/ alternative investment conferences, has published numerous articles about various aspects of Family Offices and alternative investments, and is in the process of completing a book on Family Offices. He also sits on several Boards in both the private sector as well as the not for profit sector. 3 6
  37. 37. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe QUESTIONS OR COMMENTS? If you have any questions about this webinar that you did not get to ask during the live premiere, or if you are watching this webinar On Demand, please do not hesitate to email us at info@financialpoise.com with any questions or comments you may have. Please include the name of the webinar in your email and we will do our best to provide a timely response. IMPORTANT NOTE: The material in this presentation is for general educational purposes only. It has been prepared primarily for attorneys and accountants for use in the pursuit of their continuing legal education and continuing professional education. 3 7
  38. 38. Copyright © 2019 by DailyDAC, LLC d/b/a Financial Poise Webinars™ Receive our free weekly newsletter at www.financialpoise.com/subscribe ABOUT FINANCIAL POISE DailyDAC LLC, d/b/a Financial Poise™ provides continuing education to attorneys, accountants, business owners and executives, and investors. Its websites, webinars, and books provide Plain English, entertaining, explanations about legal, financial, and other subjects of interest to these audiences. Visit us at www.financialpoise.com. 3 8 Our free weekly newsletter, Financial Poise Weekly, updates you on new articles published on our Website and Upcoming Webinars you may be interested in. To join our email list, send an email to info@financialpoise.com with “Subscribe to email list” in the subject line. Or add yourself by going to: https://www.financialpoise.com/newsletter/ Email addresses are never sold to or shared with third parties.

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