While we’ve done past episodes where we discussed what we do at Gulf Coast Financial Advisors, what we’ve haven’t done to date is produce a show that spells out the type of client we are looking for, our ideal client so to speak, and that is exactly what we are going to do today.
Lest time JD and I were together in studio, the stock market was on a tear, we both agreed it was reacting very positively to the then recent election of Donald Trump, and all indications were that investors were headed for blue skies after experiencing so much volatility. But…a lot has changed since then! Instead of smooth sailing, we’ve had increased volatility as the markets react to President’s Trump’s various tariff pronouncements, along with stubborn inflation numbers and uncertain geopolitical situations. So what I want to discuss today with you is a little deeper dive into why the market is experiencing all of these up and down gyrations, but more importantly, what investors can do about it. Can investors do anything with their investment portfolios other than just hang tight? That is a question that JD and I will attempt to answer today.
Most workers get paid in a couple of basic ways, maybe salary as a W2 employee like Michelle, maybe hourly or on commission as a 1099 subcontractor. Now, you would think my profession, financial planning and financial advising, would be the same, right? Well listeners, I’m here to tell you that it’s not, that the various advisors and agents and reps and planners in my line of work get paid in all kinds of ways, and knowing how your financial advisor is getting compensated is way more important than you probably realized. In fact, you can almost pre-determine the type of financial advice you’re going to get if you know how the advisor is paid before you meet them. Unfortunately, these various pay structures can produce all kinds of conflicts of interest, and if your advisor has the wrong set of conflicts for your particular situation, it can have devastating effects on your investment portfolio. What we are going to be talking about today is the eat-what-you-kill side of our business, where a regular paycheck is never a guarantee, especially when you’re new to the business. And we’re also going to disclose how we get paid at Gulf Coast Financial Advisors, including doing my best to explain any conflicts of interest we have, because we all have them.
On this week's episode, Pedro interviews Jon Jiovenetta, the owner of That's My Dog and More. Focus on the 5 is conversations with Baldwin County, Alabama area entrepreneurs and business leaders. Alabama numbers its counties, with Baldwin County being number 5 of out 67 total, hence the name of the show. Tune in to hear great conversations with local people as they describe their professional and personal journeys to entrepreneurship, business ownership, and more often than not, overcoming obstacles that changed the trajectory of their lives.
On this week's episode, Pedro interviews Josh Null, the CEO of Gulf Coast Financial Advisors. Focus on the 5 is conversations with Baldwin County, Alabama area entrepreneurs and business leaders. Alabama numbers its counties, with Baldwin County being number 5 of out 67 total, hence the name of the show. Tune in to hear great conversations with local people as they describe their professional and personal journeys to entrepreneurship, business ownership, and more often than not, overcoming obstacles that changed the trajectory of their lives.
I think that most small business owners would agree that the idea of passing on their business to the next generation or selling it to a trusted partner can be both exciting and daunting. A well-thought-out succession plan ensures that your business continues to thrive without you at the helm, and it's something you should start thinking about sooner rather than later. So Jay, I am going to lay out some of the most common ways to pass on business to the next generation, and discuss much more on this week's episode of Coasting in Retirement.