Tag Archives: financial advisors

An Update on Bonds

Posted December 13, 2010 by admin. tags:Tags: , , , ,

Investors often go to bonds for safety. Over the past few months, Paragon's advisors have been discussing some of the risks involved in investing in long-term and some intermediate bonds. Due to recent market activity, some of those dynamics have changed.

Watch this short video to learn what has changed and Paragon's thoughts.

  

Paragon Wealth Management is a provider of managed portfolios for individuals and institutions. Any information presented is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. All opinions and estimates constitute the judgement as of the dates indicated and are subject to change without notice. Do not rely upon this information to predict future investment performance or market conditions. This information is not a substitute for consultation with a competent financial, legal, or tax advisor and should only be used in conjunction with his/her advice.

Happy Thanksgiving!

Posted November 25, 2010 by admin. tags:Tags: , , , , ,

Happy Thanksgiving! We hope you enjoyed your holiday with family and friends.

Every November we celebrate our anniversary. This year we are thankful for being in business for 24 years. To celebrate our anniversary this month, we will launch our new website on Monday, November 29 and start a new show on Paragon TV. Below is the first Paragon TV show. Let us know what you think!


 

 

Paragon cannot guarantee the accuracy of information from other sources. Opinions are as of the dates indicated only. This report is not a solicitation for any security. Past performance is not a guarantee of future results. Investments in securities involve the risk of loss. Do not rely upon this information to predict future investment performance or market conditions. This information is not a substitute for consultation with a competent financial, legal, or tax advisor and should only be used in conjuction with his/her advice.

 

Paragon’s 2010 Appreciation Gala

Posted September 16, 2010 by admin. tags:Tags: , , , ,
2010 Appreciation Gala


Thank you to everyone who came to Paragon’s Appreciation Gala last Saturday, September 11 at the Tuscany Resturant in Salt Lake City. We enjoyed excellent food, wonderful weather and great music by Ashley Wood.

We also awarded our first two Live Your Dream Scholarships that night to two single mothers. We planned to give one full-tuition scholarship this year, but were able to give two. Visit the link above to learn more about the scholarship.

We hosted a silent auction that night to raise more money for the Live Your Dream Scholarship. 50 different items were donated by companies such as Thanksgiving Point, RC Willey, Forget-me-Knots, Young Living Essential Oils, Stampin Up!, Steve Young, The Utah Jazz, East Bay Golf Course, and many more. Two of the highlighted items were a five night stay in Cabo San Lucas and a seven night stay in Hawaii. Thank you to all of our wonderful donors!

Visit Paragon’s Facebook page to see more pictures from the gala http://www.facebook.com/paragonwealthmanagement

Paragon’s New Videos

Posted February 25, 2010 by admin. tags:Tags: , , ,

We are excited to introduce
our new website and videos that will be
online in the next week. Over the past few months, we redesigned our
website and created several educational videos on topics such as
proactive vs. passive investing, big vs. small investment firms,
setting your risk tolerance properly, how to select a financial advisor,
and several others. We also created two new videos about Paragon Wealth
Management.

Our new website will be very educational for investors. In addition to
the videos, there will also be articles and other tools for you to use.
We hope you
find it helpful. We will let you know when the new site is
available.

Below is a brief, 40 second video about Paragon.

Paragon
Wealth Management
is a provider of managed portfolios for
individuals and institutions.  Although the information included in this
report has been obtained from sources Paragon believes to be reliable,
we do not guarantee its accuracy.  All opinions and estimates included
in this report constitute the judgment as of the dates indicated and are
subject to change without notice.  This report is for informational
purposes only and is not intended as an offer or solicitation with
respect to the purchase or sale of any security.  Past performance is
not a guarantee of future results.

Why Financial Advisors have no Confidence in Washington

Posted May 14, 2009 by admin. tags:Tags: , , , ,
The White House

Written by Dave Young, President of Paragon Wealth Management

 photo by Seansie

Smoke and Mirrors…

Politics and religion are two subjects we try not to discuss on this blog because we realize they are often more emotional than fact based and can be offensive to some of our readers.

Avoiding politics has been difficult this year because it seems that the center of the financial universe has recently moved from Wall Street to Washington. The continuous daily news updates from Washington have had much more impact on our financial markets than ever before.

I find it interesting that while 60% of Americans approve of how Obama is doing, a recently released poll of financial advisors showed that only 36% of them approve of his performance so far. Even worse, 68% said they have no confidence in his ability to “fix” the ailing economy.

Why is there such a difference between the ways that most citizens see the new president versus most financial advisors? In part, I believe, because financial advisors base their perception more on “the numbers” than “the personality”.

For example, last week President Obama held a press conference on the U.S. budget that was recently passed by Congress.

The budget was 3.6 trillion dollars.

Since one trillion (1,000,000,000,000) equals one million times one million — 3.6 trillion is beyond the grasp of most people’s understanding. So they ignore it.

As last week’s budget press conference, President Obama’s entire focus was that he is taking us into a NEW ERA OF RESPONSIBILITY. That is what they have named this massive spending bill. To make his point, he spent the entire press conference focused on the 17 billion dollars he was going to save through his new polices. No mention was made of the 3.6 trillion dollar budget or the 1.2 trillion dollar deficit that it would create.

The 17 billion dollars in savings that was the focus of the press conference is equal to one half of one percent of the entire budget. That would be like buying a car for $100,000 and then getting excited about saving $500. Never mind that the car cost $33,000 more than you had available to pay for it.

This is why financial advisors, (people that work with numbers) don’t have a lot of confidence in what the President is doing. What he does compared to what he says just doesn’t add up.

Sources:  May 8, 2009 Investment News, and www.whitehouse.gov.

Investment Barriers (continued)

Posted May 22, 2008 by admin. tags:Tags: , , ,
Reading a book

Written by Nathan White, CFA

INDUSTRY BARRIERS

The financial services industry exists to assist people with investing by facilitating trades, providing advice, and investment management. It is a multi-billion dollar industry.

Unfortunately, much of what the industry does actually hinders investors rather than help them. Here’s how (source:  SecondeOpinions.ca):

Conflict of Interest- Most advisors and brokers provide advice to investors and get paid on the basis of selling certain investment products rather than the quality of the advice they provide.

Commissions- Most advisors and brokers are compensated by selling products. Often the riskier a product, the higher the commission.

Fees- High fees can impede investor performance. Many fees are built in or hidden making it difficult to determine the true cost and their effect on performance.

Poor Knowlege- Many advisors and brokers are professional sales people and do not have the necessary understanding of basic principles of investment and risk management.

No Performance Measurement- Most financial advisors have no record of their actual performance for client accounts. Without measurement, it is impossible to compare against alternatives such as other investment managers or a benchmark. Performance measurement determines the quality of the advice.

Lack of Accountability- Most financial advisors and brokers do not accept fiduciary responsibility over their clients. They are not accountable for the quality of advice provided or to the adherence of proper investment management principles.

MARKET MOVEMENT

The stock market is an uncertain and volatile place. Recent market activity has reinforced that view. Due to the uncertainty, many people think that investing in the markets is a no win game and either refrain from investing altogether or place their money in low yielding instruments such as savings accounts, money markets, or CD’s which don’t provide them the return needed to attain their financial goals.

People also tend to refrain from investing or sell their investments during extended down periods in the market — right at the wrong time!

The best defense against a bad market is to hire a good active manager or change to a more conservative allocation that will keep you invested through the difficult times.

Don’t be discouraged by the barriers to investing. If you are aware and understand, you wil overcome them. Those who can successfully navigate them will succeed financially and set themselves apart from the masses!

 

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