Blogs | Collins Wealth Mgmt

Registered Investment Advisor Firm vs Financial Brokerage Firm. What's the difference?

Damon C Collins, MBA, AAMS®, CFEI®

6 days ago
3 min

Registered Investment Advisor Firm vs Financial Brokerage Firm. What's the difference?

When navigating the world of financial advice and investment management, it's essential to understand the key distinctions between...

Damon C Collins, MBA, AAMS®, CFEI®

Jun 10
2 min

Do Presidents Impact the Market?

Many believe the market will perform well or poorly depending on who is elected president. Indeed, the stock market's performance is...

Damon C Collins, MBA, AAMS®, CFEI®

May 14
3 min

Long-Term Investing vs Day Trading

We all love to see people race against each other in track meets. For example, watching Usain Bolt run 9.58 seconds in the 100 meters, ...

Stocks, Mutual Funds and ETFs. What are the differences?

Damon C Collins, MBA, AAMS®, CFEI®

Mar 21
6 min

Stocks, Mutual Funds and ETFs. What are the differences?

When it comes to getting in shape physically, there are different weights that a person can use to achieve their physical goals....

The Five Biggest Common Mistakes Investors Make.

Damon C Collins, MBA, AAMS®, CFEI®

Feb 5
8 min

The Five Biggest Common Mistakes Investors Make.

We have all heard or read the story about the rabbit and turtle racing. As we know, the rabbit is faster than the turtle. The rabbit...

Cost Basis vs. Performance. What's The Difference?

Damon C Collins, MBA, AAMS®, CFEI®

Dec 13, 2023
3 min

Cost Basis vs. Performance. What's The Difference?

The point of investing money is to make more money. Most investors will look at the cost basis (Realized /Unrealized gains) of their...

The Pros and Cons of Annuities: An Analysis for Informed Decision-Making.

Damon C Collins, MBA, AAMS®, CFEI®

Oct 23, 2023
5 min

The Pros and Cons of Annuities: An Analysis for Informed Decision-Making.

When it comes to retirement planning, annuities can be a valuable tool. They can offer a steady stream of income, which can be crucial...

Damon C Collins, MBA, AAMS®, CFEI®

Aug 24, 2023
4 min

The Power of Compound Interest!!

You may have heard the phrase, "Let your money work for you," and have asked yourself what that means. The simple answer is investing...

Financial Fitness – Mid-Year 2023 Check-In

Damon C Collins, MBA, AAMS®, CFEI®

May 5, 2023
3 min

Financial Fitness – Mid-Year 2023 Check-In

Summer will officially be here soon, but before kids get out of school and all the vacation planning you did begins to come to fruition,...

Damon C Collins, MBA, AAMS®, CFEI®

Apr 5, 2023
4 min

How Do You Create Lasting Wealth?

For most people, steady, ongoing work is the foundation of their wealth. Career success and a good salary, or building and growing your...

Three Questions to Ask Yourself for a Better Financial Future

Damon C Collins, MBA, AAMS®, CFEI®

Mar 14, 2023
5 min

Three Questions to Ask Yourself for a Better Financial Future

As naturally social creatures, relationships are essential to our everyday lives. Relationships can help us advance through our careers;...

Tuning Up Your Financial Plan and Portfolio for 2023

Damon C Collins, MBA, AAMS®, CFEI®

Jan 3, 2023
5 min

Tuning Up Your Financial Plan and Portfolio for 2023

The combination of high inflation, the Federal Reserve’s aggressive program of rate increases, and economic and geopolitical uncertainty...

Money Market Accounts vs Money Market Funds.

Damon C Collins, MBA, AAMS®, CFEI®

Dec 15, 2022
3 min

Money Market Accounts vs Money Market Funds.

Many options and different account types are used for individuals to save money. The goal of saving money is to increase funds while...

Should You Buy Your Home, or Just Rent It?

Damon C Collins, MBA, AAMS®, CFEI®

Nov 21, 2022
4 min

Should You Buy Your Home, or Just Rent It?

If it’s an investing question, the usual debate goes something like this: Buying allows for capital appreciation and tax advantages, but...

Social Security Benefits Are Increasing. How Will It Affect Your Taxes?

Damon C Collins, MBA, AAMS®, CFEI®

Oct 25, 2022
4 min

Social Security Benefits Are Increasing. How Will It Affect Your Taxes?

Inflation has been hitting everyone's wallets all year long. With the cost of everything from fuel to pasta going up, a 40-year high in...

Small Business Retirement Plans— SIMPLE, SEP-IRA, and SOLO 401(k)

Damon C Collins, MBA, AAMS®, CFEI®

Sep 27, 2022
5 min

Small Business Retirement Plans— SIMPLE, SEP-IRA, and SOLO 401(k)

Small companies shouldn't forgo retirement savings just because a 401(k) plan can be expensive to set up and maintain. There are options...

Damon C Collins, MBA, AAMS®, CFEI®

Aug 30, 2022
5 min

Make Your Kids Money-Smart

It's not about how much money you have to pass on to your kids – it's about passing on money-smarts. Teaching your kids sound financial...

Investing For College: 5 Things to Think About

Damon C Collins, MBA, AAMS®, CFEI®

Aug 18, 2022
4 min

Investing For College: 5 Things to Think About

One of the most challenging parts of college isn’t getting accepted; it is figuring out how to pay for it. Long before your child is...

Is it Time to Hire a Financial Advisor? How Do You Even Do That?

Damon C Collins, MBA, AAMS®, CFEI®

Aug 1, 2022
4 min

Is it Time to Hire a Financial Advisor? How Do You Even Do That?

For most people, there's usually a point where their financial life becomes complicated enough that they realize it's time to hire a...

Retiring in a Volatile Market: Control What You Can

Damon C Collins, MBA, AAMS®, CFEI®

Jul 14, 2022
3 min

Retiring in a Volatile Market: Control What You Can

Retirement during a volatile market is unsettling. Whether you are on the cusp or have already made the leap, a market downturn's impact...