Sebastian Selected Top Financial Advisor by Medical Economics®
Parsippany, NJ – Summit Financial Resources, Inc. announced today that, David K. Sebastian, CFP®, the founder of the Physicians Wealth Management GroupTM has been selected by Medical Economics® as one of their top financial advisers for doctors. Sebastian, who is a Certified Financial PlannerTM, is one of only eight advisors to be chosen from New Jersey for their “exclusive list,” making this accomplishment particularly noteworthy.
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Are Stock Market Correlations Increasing?
A primary reason to invest in international
stocks is to diversify your portfolio to reduce its risk. If world
markets do not move in perfect harmony, owning stocks from different
countries should reduce the impact of a downturn in one stock
market. But as investing becomes more global in nature, there
is concern that stock markets are becoming more correlated.
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The Basics of Currency Fluctuations
An international investment's total return
is based on two factors - the investment's return in local currency
plus currency fluctuations. For example, suppose you purchase
a British stock whose price increases 10% in one year in terms
of British pounds. If, during that same year, the British pound
increases in value by 5% compared to the U.S. dollar, your total
return would be 15% - 10% from the investment's return plus 5%
from currency fluctuations. However, if the British pound decreased
in value by 5%, your total return would be 5%.
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What Will Happen to Home Prices?
The one bright spot in the economy the past
few years has been the housing market. Despite stock market declines
and slowdowns in other areas of the economy, housing sales have
been brisk and housing prices have continued to advance. But have
housing prices increased too much in the recent past?
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Money and Marriage
If married couples can't agree on basic
money issues, these issues can become a constant source of conflict.
To help avoid money conflicts, consider these tips:
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Consider Long-Term-Care Insurance
Have you made provisions for long-term care
in your financial plan? Many people don't believe they'll ever
need this type of care, but it is estimated that individuals age
65 and over face a 43% chance of entering a nursing home. And
approximately 21% of those entering a nursing home will remain
there for at least five years (Source: Agency for Healthcare Research
and Quality, 2004). The average annual cost of a nursing home
is $66,153 (Source: SmartMoney, 2004).
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David K. Sebastian, CFP®, and his team of experts at The Physicians Wealth Management Group specialize in working with individual physicians and group medical practices. David is considered to be one of the top financial advisors in the country with more than twenty five years of Wall Street experience as a chief investment officer, portfolio manager, institutional bond trader, and estate planning, benefits planning and retirement consultant.
Commitment to his clients’ financial needs and well being is a primary motivation for David.
The Physicians Wealth Management Group was specifically created to address and manage all of the unique financial challenges that doctors are facing both individually and through their group medical practices.
Feel free to contact me at
www.physicianswealth.com or
dsebastian@sfr1.com
or call me at (973) 285-3600
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