• Adams Financial Concepts

    Who Is an Adams Financial Concepts Client?

    I believe an Adams Financial Concepts’ client is someone who wants success. What does success mean for my clients? It means wealth. My clients want to win and beat the market. Regardless of whether they own their own businesses, have grown through a company, or inherited their wealth, they aren’t the average performer. They want their investments to do more than perform at market value. Charles Ellis wrote a book called Winning the Loser’s Game in which the premise is 85 to 90 percent of money managers underperform the market over the long-term. Thus, he concludes clients need to lower their expectations and recognize they’ll have less than market returns.…

  • Adams Financial Concepts

    Visionary or Dumb Luck?

    Last Friday was my first broadcast of About Money on KKOL 1300 am. This show focuses on giving you a close analysis of current, past, and future market trends. Together we will continue to meet successful business owners, talk to industry experts, and discuss different investment tactics and regulations. I am a firm believer in strategic investing over tactical. Why? Because tactical investing is like predicting the weather. Is it going to snow? Yes. When, is the question, and I don’t have the answer. The buy low and sell high intent of tactical investing is attractive. In reality, tactical investing typically leads to buying high and selling low. Tactical investors often miss…

  • Adams Financial Concepts,  Mile High View

    Two Qualities of a Successful Business

    What sets businesses apart? Why do some succeed and some fail, especially during economic down turns? As an investor, these are extremely important questions. Understanding them is the key to making decisions about where and how to invest. To answer these questions, I’ve been doing a series on About Money. Each week I’ve been joined by a different CEO or President from a company which survived the Great Recession and is now flourishing. I believe all of these companies demonstrate qualities which distinguish them from their competitors: People – These companies recognize the value of their own staff and customers. Putting people first ensures consistently great service is provided. Inventive – These…

  • Adams Financial Concepts

    Transparency and Honesty Are Key to Successful Investing

    In the past months, I’ve explored the elements of a successful business. Last Friday I was joined on About Money by Warren Willoughby, CEO of Sound Glass. He hit on something I think is very important when he said, “My leadership style is transparent.” I believe the root of good, transparent leadership is honesty. In any aspect of business, honesty is critical to long-term success. This includes financial advice. As a financial advisor, I post my results on my website. I’m up front – transparent – about the highs and lows my clients encounter. I’m forthcoming about my approach to investing. These is no salesmanship involved in my practice. My results sell themselves.…

  • Adams Financial Concepts

    Three Characteristics of a Successful Business

    I don’t have to tell you the Great Recession was scary. We all lived through it and saw businesses struggle. Many failed. Some succeeded. Over the past few weeks, I’ve been joined on About Money by several business owners whose companies weathered the financial downturn. I’ve noticed three main characteristics which separate those who closed their doors from those who didn’t. These characteristics are: innovative productivity, people focused management, and positioning. Innovative Productivity Increasing productivity decreases cost and improves returns. Businesses which succeed not only maintain the latest technological systems and products, they invent them. People Focused Management At the heart of every good idea are the people who discover…

  • 401ks,  Adams Financial Concepts,  Return on Investment

    Strategic Versus Tactical Investing

    When it comes to investing, one of the biggest questions in my mind is strategic versus tactical management. Before we can discuss the merits of one or the other, I think we should clearly define both. Strategic management focuses a financial portfolio on a group of assets. Tactical management changes the asset classes of a portfolio depending on the economy. So, which is better? In theory, tactical management sounds wonderful. You get in when the market is low and out when it is high. Unfortunately, this does not consistently yield the maximum returns to investors. Correctly guessing the exact moment to jump in and out of the market can have…

  • Adams Financial Concepts,  Mile High View,  Return on Investment

    Identifying the Value of a Company

    If you and Alice Canlis were side by side in a small hatchback driving across North Dakota, would she kick you out or would you become best friends by the time you reached Chicago? Mark Canlis, co-owner of Seattle’s renowned Canlis restaurant, believes none of the 90-plus person staff at Canlis would find themselves hitch hiking in his mom’s dust. What does this have to do with financial investing? I’ve talked a lot about the qualities of successful businesses. Through interviews and evaluations, I’ve broken down what I believe are the top two qualities: people and inventiveness. As an investor, you need to look at how a business owner obtains these qualities.…

  • 401ks,  Adams Financial Concepts,  Return on Investment

    Fees

    Do you know what your broker is charging you? The North American Securities Association recently published a survey of 34 big and regional brokerage firms and found their fee disclosures were complicated and ranged from 1 to 45 pages. While the disclosures met the technical requirements of disclosure, they were anything but straight forward. The disclosures were often in documents some people put at the side of their bed to read when they needed something to bore themselves to sleep. Fees are important because they can reduce performance. A 1% increase in fees will reduce a portfolio’s value by 17% over 20 years. A portfolio of $100,000 that grows an…