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Thank You for Ten Years!

  • June 30, 2016/
  • Posted By : admin/
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  • Under : Uncategorised

ten-years-smallNorthStar Capital Advisors would like to take this special occasion to thank you, our loyal clients and friends, as Sunday we celebrate 10 years of financial planning and investment management. We have come a long way since we rolled out our objective and disciplined approach to investing in 2006. Our success is attributable to clients and friends who faithfully support our business and receive great service and advice in return.

We deeply appreciate your loyalty, support, and trust over the past 10 years. We hope you and your family have a safe and happy holiday!

With heartfelt thanks,
Chris Mullis, Jimmy Irwin & David Berger


5 Words of Advice for New Graduates

  • June 23, 2016/
  • Posted By : admin/
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  • Under : Best Practices, Investing 101, Live Well, Seeking Prudent Advice

Congratulations to the 3 million young people who have graduated from high school over the past few weeks!  Want to be happy and prosper?  Consider these 5 words of advice from 20 thoughtful people:

Budget. Save. But enjoy yourself.
Ben Carlson, A Wealth of Common Sense

Live simply. Fees add up.
Kanyi Maqubela, Collaborative Fund

Buy every month, never stop.
Josh Brown, Reformed Broker

Save. A lot. Start immediately.
Bob Seawright, Madison Avenue Securities

G
Carl Richards, The New York Times

Your potential is an asset.
Noah Smith, Bloomberg

Sleep on it. Then decide.
Sam Ro, Yahoo! Finance

Live on less. Have more.
James Osborne, Bason Asset Management

The world owes you nothing.
Jason Moser, The Motley Fool

Savings is the best investment.
Tadas Viskanta, Abnormal Returns

Perpetually seek your true passions.
Tom Gardner, Motley Fool CEO

“No downside” means “run away.”
Bill Mann, CIO Motley Fool Asset Management

Time is your scarcest asset.
Bryan Hinmon, Motley Fool Asset Management:

Don’t carry credit card debt.
Eddy Elfenbein, Crossing Wall Street

It’s not a race. It’s a marathon.
Craig Shapiro, Collaborative Fund

Focus on what you control.
Phil Huber, Huber Financial Advisors

Invest as soon as feasible.
Matt Argersinger, Motley Fool analyst

Never stop asking questions. Ever.
Chris Hill, Motley Fool radio host

Your best investment is yourself.
Cullen Roche, Pragmatic Capitalism

Spend less than you make.
Matt Koppenheffer, Motley Fool

Source: TMF


The Best Advisors Will Tell You “NO”

  • June 16, 2016/
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  • Under : Behavior, Best Practices, Seeking Prudent Advice

As a fiduciary we’re obligated to put our clients’ interests first. This essential mandate can on occasion run into direct conflict with what a client wants.  There are circumstances where an advisor knows that what the client is requesting defies common sense and is at odds with his or her long-term interest.

What kind of things are we talking about? Here’s a short list courtesy Barry Ritholtz:

• Taking on more risk than is prudent.

• Buying the hot new thing.

• Participating in an expensive, underperforming private investment (e.g., hedge funds, venture capital).

• Using excess leverage.

• Following the advice of pundits or talking heads.

• Overtrading.

• Pursuing the latest media fixation.

• Speculating in commodities.

• Allowing emotions to steer investments.

• Buying low-quality, high-yield “junk” fixed income paper.

• Buying non-liquid investments (private equity, gated private investments).

• Market timing.

• Buying IPOs.

• Cherry-picking portfolio allocations.

Our gently communicated but firm response to all of these is “NO.”  All the academic research in the world suggests these are a bad bet.  As Barry says, “if you want to make an expensive gamble, enjoy a lovely vacation to Monte Carlo, but please leave your retirement plans out of it.”

That’s our stance on this issue and we take it from a position of deep care and protection for our clients.  But what’s your opinion?  Should advisors do what a client wants, even when the advisor knows it is not in the client’s best interests?

P.S.  In case you’re wondering…here’s what a big “YES” is in our book:
We invest through a broadly diversified set of indexes via a robust asset allocation model. It is global, inexpensive and primarily passive. It is statistically what is most likely to generate the highest returns for the least amount of risk over the long-term.


10 Signs You Own the Right Portfolio

  • June 9, 2016/
  • Posted By : admin/
  • 0 comments /
  • Under : Behavior, Investing 101, Seeking Prudent Advice

ten

The following elegant observation comes courtesy of Jonathan Clements.

  1. You’re so well diversified that you always own at least one disappointing investment.
  2. Your livelihood isn’t riding on both your paycheck and your employer’s stock.
  3. If the stock market’s performance over the next five years was miserable, you wouldn’t be.
  4. You can remember the last time you rebalanced.
  5. You have no clue how your investments will perform, but a great handle on how much they’ll cost you.
  6. You don’t have any hot stocks to boast about.
  7. For every dollar you’ve salted away, you have an eventual use in mind—and the dollars are invested accordingly.
  8. Jim Cramer? Who’s that?
  9. A year from now, you plan to own the same investments.
  10. You never say to yourself, “Wow, I didn’t expect that.”

Source:  JC


NorthStar Client Family Featured in AARP The Magazine

  • June 3, 2016/
  • Posted By : admin/
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  • Under : Live Well, Personal Finance, Retirement, Seeking Prudent Advice

Debra and Gary Wilhoit, a NorthStar client family, are featured in the June/July 2016 issue of AARP The Magazine. Dr. Chris Mullis, CEO and senior planner at NorthStar, is quoted in the article alongside senior advisors from Charles Schwab and T. Rowe Price.

Kudos to the Wilhoits for candidly sharing their early-retirement anxieties and the actions they have taken to ultimately reach greater peace of mind and long-term success. Millions of Americans who are transitioning toward and into retirement can immediately relate to the Wilhoits’ experience. And millions of Americans can benefit by adopting the Wilhoits’ long-term perspective and positive investor behavior.

AARP The Magazine addresses the evolving life stages of 50+ Americans and is the largest circulation magazine in the United States (35.9 million readers).

AARP The Magazine
AARP The Magazine
AARP The Magazine


Class of 2016: Financial Advice That will CHANGE YOUR LIFE

  • June 2, 2016/
  • Posted By : admin/
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  • Under : Behavior, Best Practices, Personal Finance, Saving Money

PDS-CommencementThe following is a brief excerpt from the commencement address by Dr. Chris Mullis to the graduating class of Providence Day School on May 31, 2013. The full text of Dr. Mullis’ speech, that includes career advice, financial guidance, and a few pearls of wisdom, can be found here.

At my investment advisory firm, we developed complex computer algorithms and use them to manage our clients’ investment portfolios. But the basic steps you need to take to manage your own money well are deceptively simple. First, live within your means and avoid being caught up in rapid lifestyle inflation. You will not live like your parents when you first start out. Second, save and invest your money wisely. Let me elaborate on this point.

Wealth accumulation depends on three factors: how much you save, the rate at which your money grows, and how long you save. That last factor, time, is very, very important. There’s an urban legend that Albert Einstein once said that compounding interest is the most powerful force in the Universe. That quote is likely misattributed but the message is spot on. If you save $5,000 a year for 40 years and earn 8% annually, you will eventually have $1.3M. But if you delay starting for merely 5 years, your results after 35 years will be only $860k. That 5-year delay preserved $25k of short-term capital but ultimately cost you >$400k in the long run. Time is the most powerful lever in the machinery of investing. Nothing else comes close to it.

So what do you need to do? Start saving and investing right out of high school regardless of how hard you think it hurts or how unpleasant the tradeoffs. Even if you set aside only 5% of your paycheck starting out, do it to get into the habit of saving. Delaying getting serious about investing until my 30s was a significant financial mistake on my part. No one ever sat me down and explained how important it is to start investing early. Now that we’ve had this little talk, you’ll never be able to say that no one told you.


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ABOUT US

We are a fee-only, independent fiduciary advisor. Our allegiance rests solely with our clients and their best interests. We are headquartered in Charlotte, North Carolina and serve client families across the nation.



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  • (704) 350-5028
  • info@nstarcapital.com
  • 521 East Blvd, Charlotte, NC 28203
    (by appointment only)
  • fax: (704) 626-3462
FROM OUR BLOG
  • SVB and bank collapses March 14,2023
  • 529 Rollovers (coming soon) February 6,2023
  • SECURE Act 2.0 (2023 changes inside) January 5,2023
Nothing on this website constitutes either the provision of investment advice or solicitation to provide investment advice. Investment advice can only be provided through a formal investment advisory relationship. Copyright © 2023 NorthStar Capital Advisors - Charlotte, NC. All Rights Reserved.