Broker Check

Paul R. Marsh

Paul R. Marsh

Financial Planner, Investment Advisor, Tax Advisor

850.576.1118
paul.marsh@ceterafs.com

  

I've been in business a long time. I started my career as the Chief Accounting Office for a large bank. I was a plant controller. The financial manager for a national manufacturing company. I've spent the last 15 years owning a tax and accounting business. I've been in the insurance and financial planning business for 12 years.

During the last 15 years I've met and counseled hundreds of people from all stations in life. Preparing a tax return required me to fully understand the person's financial life in detail. Unfortunately, during this time I've seen a steady degradation in the general financial preparedness of the public.

I believe there is an epidemic in America today in that too many people under save, overspend and get themselves over leveraged and the consequences for many in retirement are going to be grim.  I’m especially concerned because what I’ve seen during my career is that most people tend to make the same financial planning mistakes over and over again, unknowingly and unnecessarily.  The top mistakes I see people making most frequently are:

 

1) timing the market

2) overreaction. emotional decisions

3) not diversifying

4) waiting to start investing

5) listening to tips, friends, watching TV, Etc

6) not working with an advisor

7) wrong expectations

8) no education on investing

9) chasing returns/performance

10) no clearly defined goals

11) no investment policy statement

 

Proper investment structure and thoughtful financial planning can help correct most of these avoidable errors.

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The other part of the process lies with the person. It is the age old story of talents.  In the story "talents"  were money.

The point of the story is if you misuse the money you have you won't get any more. 

Whatever you think of the story, believe me, it is true. I've seen it time after time. Your part is managing your money well.

I don't care if you only have $10 to manage, do it. If you can't manage $10 then you will not be able to manage $100K or $10 million. 

Budgeting, cash flow management, conscious spending-all of it flows directly into the financial plan. 

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For those who are interested:

BS-business, University of Tennessee

MBA (Finance/Economics), University of West Florida

Series 7,63,66 security registrations: this permits me to act as a Financial Advisor

Enrolled Agent (EA)-authorization by the IRS as a tax professional 

All investing involves risk, including the potential loss of principal. No strategy can ensure a profit or protect against loss.

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