With U.S. stock market indices at or near record highs and showing increasing signs of stress, it is an opportune time to reinforce the long-term benefits of permanently including some out-of-favor positions in your portfolio. An investment strategy practicing broad diversification can pay-off with reduced downside volatility and lead to higher long-term returns. A Dose […]
About Christopher P. Parr
Christopher Parr is President of Parr Financial Solutions Inc. – a Columbia-based, independent, fee-only financial advisors. www.ParrFinancialSolutions.com. His articles have been published by the Business Monthly for the past 20 years! He is quoted often in financial publications including Financial Planning and The Wall Street Journal.
Entries by Christopher P. Parr
As the 40th anniversary reunion of famed comedy troupe Monty Python takes place in London this summer, it seems an appropriate time to mention a very different perceived Holy Grail of company retirement plan investing – namely “lifecycle” or “target date” funds (TDF). These hybrid investment products are being marketed to the masses by mutual […]
Free is good…free travel, hotel, cash and gift cards thanks to credit-card companies and a little nifty footwork… Christopher Parr contributed to this Wall Street Journal article by personal finance writer Brett Arends explaining some useful tips for maximizing credit card offers and some traps to avoid credit card hidden cost. Parr’s unofficial title is […]
Christopher P. Parr comments on adoption planning for the BBC. On the amount of money adoption with take: “To be safe, add 20% to what you are being told the adoption will cost,” said Parr. To read the full article — “Planning Ahead for Adoption: Keep Costs, Time in Check” by Kate Ashford — Click Here […]
Baltimore MD – Oct. 1, 2013 – Christopher P. Parr, of Columbia-based Parr Financial Solutions, Inc. completed his 2nd, voluntary five-year term as a member of the Howard County MD Pension Oversight Commission. Mr. Parr also served as chairperson of the Commission since 2007 and during the turbulent “Great Recession” of 2008 – our country’s […]
Financial tips for college students.
Christopher P. Parr comments on leveraged investing in Financial Planning Magazine : “My advice to clients over my 20-plus years has always been to never buy on margin,” says Chris Parr, who heads Parr Financial Solutions, a wealth management firm in Columbia, Md. “You should not invest what you don’t have.” Several planners agreed that margin loans […]
Christopher P. Parr, when interviewed by Baltimore Sun columnist Eileen Ambrose on whether Wall Street ignoring political drama in Washington is the new norm, said “Wall Street has gotten ahead of the game.” “Sure, there are positive signs, Parr said, but the economy’s annual growth rate will be cut by at least half a percentage […]
Christopher P. Parr was interviewed by Veronica Dagher, columnist for Wealth Management at WSJ.com, about the financial impact of adoption that prospective parents don’t realize until they start paying. “Unexpected costs often crop up,” said Christopher Parr. He recommended that “clients budget for costs to be at least 20% higher than they originally estimated.” “Those […]
In this article, Christopher Parr provides five steps to prepare for major or potential income and investment tax changes for the 2013 tax year. He first explains the several earned income-related changes and the investment income-related changes that require monitoring and planning as the status becomes clearer. Earned income-related changes include employee social security, Medicare […]