GK Wealth Management

To all the advisors and advisory firms out there that might happen to see this - what is the best CFP course that you’ve gone through and had a good experience with?

I will be asking the associates that work with my firm to obtain these credentials and want to know the best CFP program for the three associate advisors that work with my firm, and future advisors that join.

Thanks in advance!

GK Wealth Management
[email protected]

Perspective is POWERFUL. The S&P 500 (a widely used snapshot of economic health) is doing better today than it was BEFORE March of 2020. The graph above shows the trajectory of the S&P 500 over the last 20 years. That small portion inside the green circle is the extent of the market downturn we’ve seen this year. When you zoom out to see the full picture, you’ll notice the ups and downs of the market are normal… and over time, things have always grown.

The moral of the story is, don’t be afraid to invest.

However, you shouldn't do this stuff alone. Navigate the ups and downs of the market with the help of an investment pro. The investment advisors at GK Wealth Management are here to educate you every step of the way and serve you with excellence.

GK Wealth Management has begun to position itself as a family office style financial advisory firm- with visits every once in a while from cute little family members

Meet the team at GK Wealth Management

Considering paying off your mortgage or contributing more toward your payments?🤔

This flowchart will help you decide whether this would be the right decision for you in 2022.

These common assumptions about the stock market can potentially hinder your returns over time…

Follow to learn more!👍

In a beaten-down market, the taxes you pay for a Roth conversion will be lower due to the value of the account being down. Converting your Traditional IRA to a Roth will allow the future growth of the account to be TAX-FREE and pay ZERO taxes when you withdraw from your Roth IRA upon retirement.

There are several considerations to make before you proceed – so talk with your financial professional and tax advisor before making this decision.  We are also here to help, so reach out anytime.
Let us know what you think!👍
Investment Advisory services are offered through GK Wealth Management, a registered investment advisor. GK Wealth Management is a registered investment advisor with the State of Nevada.

I think we are all familiar with the first chart about the risk of missing the best days in the market….but perhaps clients are less familiar with the second chart… Those “best days” in the market usually occur in the midst of bear market periods.

Warren Buffet recently stated that Wall Street has turned the market into a ‘gambling parlor.’
Although this statement may have some validity on the retail investor level, experienced investment advisors and institutional wealth managers do extensive research to ensure your portfolio experiences positive returns with 99.9% probability over a 15-year period.
Investment Advisory services are offered through GK Wealth Management, a registered investment advisor. GK Wealth Management is a registered investment advisor with the State of Nevada.

Recession Preparation

1️⃣ Stress test your cash needs against a job loss, variable compensation reduction, or no bonus.

2️⃣ Sure up emergency cash, have at least 6-12 months of all core living expenses and debt service payments.

3️⃣ Secure financing- if you were thinking about a home equity line of credit or any type of loan, put them in place now. Asset valuations may fall, banks may slow lending, you may lose your job.

4️⃣ Review your riskiest equity asset’s balance sheet and determine if you still think they can survive a prolonged downturn.

5️⃣ For rental properties, have a contingency plan for receiving zero rent. How will you service your debt?

6️⃣ Stress test your retirement income for a bear market if you retired last year, this year, or planning on it next year.

7️⃣ Set aside opportunity cash for distressed asset purchases.

8️⃣ For stocks, create a shopping list of companies with beautiful balance sheets you want to own with a target entry point significantly below fair market value for a margin of safety. Remove the emotion.

Always remember, the wealthy don’t fear down markets, they profit from them.

True wealth is built in down markets.

Investing in the market may seem scary on a day-to-day basis, especially with the high volatility that comes from unpredictable national and global events.
That is why staying fully invested (refraining from panic-selling) has historically rewarded so many level-headed investors.
Selling when the market drops may feel comforting in the short-term, but in the long-term you are most likely throwing away some astounding gains as markets recover.