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Why Bond Prices Fall When Interest Rates Rise

Photo by rawpixel on Unsplash

Published by Robert W. Huntley, CFP®, CHFC®, Founder & Wealth Advisor

You’ve probably seen that rising interest rates are bad for bonds. Do you know why?

It’s a simple concept, but I find that people have often never had it explained to them. Read more

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4 Simple Steps to Creating an Estate Plan

Published by Beth Schanou, JD

Most of the time, it feels like life is moving at the speed of light. I often feel my entire day, both at home and at the office, is spent in fast forward mode. As if it’s a race to get done as much as possible, I’m running from one thing to the next, all day long, and making sure every household member is fed, cared for, and attends school and their activities. Of course this includes the four-legged members of the family too. Read more

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Life Defined Series – Oak Ridge Disciple House

Photo by Jeremy Perkins on Unsplash

Published by Sidney Meriweather, Director of First Impressions

What are the things that money can’t buy, and death can’t take away?

Maybe a family legacy or an investment of time and money into something that will outlive you. We call this your “Life Defined” here at Wise Counsel.

We had the privilege of interviewing Joshua Harris, Founder and Director of Oak Ridge Disciple House, about his “Life Defined.”

We hope you enjoy his story: Read more

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Tax Diversification

Published by Robert W. Huntley, CFP®, CHFC®

We often talk about investment diversification. However, have you seen much discussion on tax diversification? Probably not.

Our tax system in the US extracts a heavy toll on earned income and ordinary income from savings and investments. Interest income, for example, is taxed as ordinary income. If you have cash in the bank paying you interest, you receive a 1099 each year showing you how much interest you earned and that goes directly onto your tax return to be taxed at the rate you’re paying on your W2 earned income. Read more

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4 Easy Ways to Diversify Your Investments

Published By Jake Bleicher, Equity Analyst

The benefit diversified investments has for a portfolio is simple, in theory. It reduces the impact any individual investment has on the portfolio, and proper diversification can help mitigate losses during a market downturn. In practice however, portfolios can become a large hodgepodge of various assets rather than a methodical allocation. The key is to reduce the correlation between assets so that they generally perform independent of one another. Read more

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How A Little Organizing Might Be Worth $500,000

Photo by Gades Photography on Unsplash  Gades Photography

Published by Robert W. Huntley, CFP®, CHFC®

A friend of my daughter recently had an interesting experience. Her friend’s grandmother had recently passed away and the family was going through the process of cleaning out her home and a bunch of boxes from her attic. One of the boxes contained some paperwork related to Apple shares dating back to the 1970’s. Read more

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My “Famous Person” Story

Photo by Jeffrey Hamilton on Unsplash  Jeffrey Hamilton

Published by Annah Tucker, Director of Operations

We all know someone who knows someone famous, or had a moment where we got to meet a famous person, right?  Any time I am asked where I am from, due to my unique accent at times, I must declare Millington, TN as my childhood hometown.

Most people don’t instantly know where Millington, TN is, but when I mention it’s a suburb 20 miles Northeast of Memphis it seems vaguely familiar to them.  A lot of famous people come from the Memphis area, Morgan Freeman, Kathy Bates and Ginnifer Goodwin, just to name a few.                                                                                                            Annah Tucker, First Grade ↓↓

Read more

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5 Reasons It’s Important to Set Financial Goals

Published by Rob Furlong, Portfolio Manager

The alarm sounded promptly at 1a.m. Shortly after some rustling and grumbling the tent zippers opened and we stepped out into the frigid air. After a quick breakfast, we began heading uphill into the darkness. For the next eight hours life was little more than listening to the ice crunch with each step as we ascended over 5,000 feet into the thinning air. Shortly after 9a.m. we were at 14,200 feet-on top of one of the highest peaks in the Cascade mountain range. Read more

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Delegate the Dangerous

Published by Robert W. Huntley, CFP®, CHFC®

When I was a teenager I had friends who could fix anything. Cars, carpentry, you name it. They were gifted mechanically. I was not. Read more

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The Beatles, Music Streaming, and Financial Advice

Published by Robert W. Huntley, CFP®, CHFC®

I went to a show recently performed by the Beatles tribute band called “Rain.” It celebrated the 50th anniversary of the album Sergeant Pepper’s Lonely Hearts Club Band.

That album was said to be groundbreaking for several reasons. It was sonically, unlike anything we’d heard out of the boys from Liverpool. But it was also the debut of the so-called “theme album.”

It was fun being in a room full of couples in their 50’s, 60’s and 70’s all taking a trip back in time to their formative years for a couple of hours. You could see the nostalgia on the faces. Smiles from ear to ear. Dancing like it was Woodstock all over again. Read more