L. Luke Strode, CFP - Financial Advisor
Luke helps high income and high net worth individuals and their families build wealth Investment advisor representative of Cetera Advisor Networks, LLC.
Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity. North Star Resource Group, 2701 University Avenue, SE, Minneapolis, MN 55414. 612-617-6000.
We are expanding our team!
Looking for a full time Client Services Assistant.
- Competitive PTO
- Paid Holidays
- Volunteer Time Off
- Full Benefits (Medical, Dental, Vision, Matching 401(k) etc.)
- Fun Work Environment
If you or someone you know may be interested, please reach out to me directly!
2021: The Year of Capital Gains
Read more in our latest issue of Market Perspectives:https://assetlibrary.securian.com/content/dam/doc/bd/irg-q4-2021-mkt-perspectives_90375.pdf
Debt can be overwhelming, but it isn't your only financial concern. Learn to balance the rest of your financial strategy while paying off your debt here: https://www.northstarfinancial.com/our-company/firm-insights/paying-student-loans-while-juggling-other-financial-priorities/
4 powerful tips for paying off student loans while juggling other priorities | North Star Resource Group All Articles 4 powerful tips for paying off student loans while juggling other priorities August 12, 2018 Young professionals today are increasingly juggling both student loan debt and other competing financial priorities. Millennials today are saddled with more student loan debt than previous gener...
New website is live! Check out the new website online today → https://www.northstarfinancial.com/
You need financial resources and service that is ahead of the curve, and we provide that here with accessible client login, resources for the whole financial life, better access to our specialists, and new ways to connect with your team.
I have received a number of questions recently regarding inflation, and how to approach this issue as an investor.
I feel this 2 minute video provides some good insight, feel free to give this one a quick watch!
https://www.dimensional.com/us-en/asset/2329/the-impact-of-inflation
The Impact of Inflation Joel Hefner explains how investments in lower volatility assets can still present different kinds of risks, including the challenge of outpacing inflation.
Ton's of noise around Bitcoin and Crypto Currencies this week, I feel this article does a great Job explaining the concept of bitcoin/crypto and how an objective investor may approach it's inclusion (or exclusion) in their portfolio.
those who are curious, and especially those who have a position, should give this one a read
https://www.dimensional.com/us-en/insights/to-bit-or-not-to-bit
To Bit or Not to Bit: What Should Investors Make of Bitcoin Mania? Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios.
Timeless article on the legend Warren, his take on the power of compound interest, and the epiphany he had to grasp it at age 10.
Always a great reminder, the earlier you start the easier it gets.
https://www.wsj.com/articles/warren-buffett-and-the-300-000-haircut-11598626805?mod=markets_lead_pos10
Warren Buffett and the $300,000 Haircut There’s a reason the Oracle of Omaha is an ultrabillionaire as he turns 90: He grasped the power of compounding at the age of 10. The sooner the rest of us fully understand it, the better off we’ll be.
I published this article in 2018, yet it remains very relevant today, highly suggest giving this a quick read
Old School Wisdom for the New World of Investing:
https://www.northstarfinancial.com/find_an_advisor/luke-strode/old-school-wisdom-new-world-investing/
If you invested $1,000 in US stocks 50 years ago and let it sit, how much could it hurt if you just missed the best five days in the market over that period?
Turns out a lot.
I loved this piece from Dimensional Funds to help visualize the problem.
If you let that $1,000 sit, today it would be worth $121,353
If you missed just the five best days, it would be worth $77,056
If you missed the 25 best days, it would be worth $26,989
What’s one of the easiest ways to miss these best days? Trying to time the market. That is, attempting to time when to buy into and sell out of the market instead of leaving your investment be.
As the founder of Vanguard, John Bogle, once said about market timing, “After nearly 50 years in this business I don’t know anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has.”
If our goal is to maximize the returns on our hard-earned money, the solution is simple—be patient.
Be an investor, not a trader.
If you have questions on how this relates to your personal financial situation, I’m always available to talk.
(Inspired by Dimensional's video "Staying in Your Seat")
*The S&P 500 Index is an unmanaged index of 500 stocks that is generally representative of the performance of larger companies in the U.S. Please note an investor cannot invest directly in an index.
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