Financial Advisor Orange County – Steven Lakso – Edward Jones

Steven Lakso has been married to his wife Stephanie for 19 years and has a daughter Stephanie who is 13.

Steven has over $30,000,000.00 in assets under management. When he started in the Financial Advising business it was at a very low point in the history of our economy. He learned from the beginning that you have to have a road map or strategy that allows you to get through the inevitable bad times in the market.

Steven uses what he calls the “bucket approach”. The first bucket he recommends is that you have savings to fall back on: 1 years worth of savings if you are a business owner and 6 months of savings if you are an individual. He says that if you build the habit of overspending you will never have the cash you need to weather tough times.

The second bucket is the Retirement bucket. This is where you save or defer money in to the future.

The third bucket is the Profit Taking bucket: how much and what type of risk are you willing and able to take? Be fearful when others are greedy and greedy when others are fearful.

Steven is interested in meeting business owners and retirees who have questions about financial matters. All he wants is an introduction and he can find a way that he may be of service to them, answer their questions, etc. He hosts his own Coffee Club at his office once a month. His territory includes Washington, Oregon, Arizona, Illinois and California.

He said that having all of your money in the S & P 500 is a bad idea and that his diversified clients may 4 – 5% when the market was flat for everybody else.