Justin Krane
CFP®, CIMA®
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Justin Krane, CFP®, CIMA®, Financial Adviser and Financial Planner Expert
Justin Krane Quick Facts
Justin Krane, a CERTIFIED FINANCIAL PLANNERTM professional, is the founder of Krane Financial Solutions. Known for his savvy, holistic approach to financial planning, he advises his clients on how to unite their money with their lives and businesses.
Using a unique system developed from his studies of financial psychology, Justin partners with entrepreneurs to identify, clarify and meet goals for increasing their business revenue. He works with entrepreneurs to create a bigger vision for their business with education and financial modeling.
He holds a Bachelor of Arts degree in Finance from University of Colorado, Boulder, graduating in 1994. Prior to founding Krane Financial Solutions, Justin was a Vice President, Investments, and Sales Manager at UBS Financial Services Inc., for 12 years, in Beverly Hills, Califo ia. Justin has earned the designation of Certified Investment Management Analyst from the Executive Education Department at the Wharton School of Business. He is also a Member of the Financial Planning Association, the largest organization of professionals dedicated to championing the financial planning process.
He has two children and lives with his family in Calabasas, Califo ia. Justin is an accomplished athlete and was a former junior ranked tennis player in Los Angeles. He loves to cook, travel, speak Italian, and spend time with his family. Justin is also an active member in the Cystic Fibrosis Foundation.
Articles by this expert
SelfGrowth articles and saved writing connected to this expert.
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Should You Still Short Sell Stocks
The Dow was at 11,000 5 years ago. And as I write this, it’s at 11,000 today! The Dow’s price hasn’t changed but the amount of stock held short (basically people betting that stocks will go down. Read below for an explanation of how short selling works) is higher than 5 years ago (Data Explorers.) What’s up with that? Why are people betting against stocks? We have a U.S. economy that isn’t going well. Europe is trying to straighten itself out. Our government can’t get anything done. We have no job growth. And home prices are still trying to stabilize.
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What Is Yoda’s Retirement Plan?
Remember Yoda? The short little bald guy in Star Wars? He lived for 900 years! What did that guy eat for breakfast? Wheaties? Kale? Thin Mint Girl Scout Cookies? He must’ve had great jeans (levi’s, true religion, 7 for all mankind). He also probably meditated, exercised, and took some serious supplements. Ya think Yoda ran out of money? How much money did he have in his 401k? Do you think he saved enough? Who knows, maybe he had an annuity or something. He probably invested in Google before it went public. What if you live a lot longer than you think you will?
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Mortgage Refinance to the Rescue
Refinancers, HARP on This! A few years ago, you bought a house. You came in with your 25% down. And... poof, today, you've got nada, zilch, nothing, no equity in your house. It's gonzo and a mortgage refinance is next to impossible. Some of your peeps are able to do a mortgage refinance and go from a 5% mortgage to a 4% mortgage. Their mortgage payment drops by $200 to $300. But you haven't been able to refinance because your house is worth way less than your mortgage. Doesn't that just stink!?!
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Your Financial Life for 2013
More of the same equals more of the same. You want a different financial life for 2013? Shake it up a bit. Shake that booty. Stir the pot. Seriously, let’s get this pahtay started right now, Pirate’s Booty style. Check that. Gangnam style. Different actions could yield different results . . . Think how much better you could feel if you actually had a financial plan for your life. . . Here’s my list of actions to shake ya booty for a different financial life:
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Job Growth Is Good For Business
Job Growth Means Money in More People’s Pockets What’s going on with all of the jewelry buying at malls? Are they giving this stuff away for free? Why are there more customers in these stores? And where are they getting the cash? First off, it’s affordable. But moreover, it’s the fact that more people are working. Yep. More people are getting jobs. And job growth is good for business. I didn’t put 2 and 2 together until the Dow (stock market indicator) hit 14,000. The stock market is a leading indicator for how well the economy will do.
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A Laddered Bond Portfolio Can Reduce Nausea
Bill Gross is the bond king. He manages the largest actively managed bond fund called Pimco Total Return, with $240 billion in assets. This is one of the first years in a long time that he has underperformed his benchmark. From Jan 1, 2001 through 9/30/2011, his fund is up 1.90%, vs. his benchmark which is the Barclays US Aggregate index (source pimcofunds.com). He made a bet that US Treasuries were going to go down in price and instead, they went up.
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Gain Leverage in Your Business
Leverage. One of the biggest words you need to focus on in business. It’s about getting the best bang for your buck – or your best use of your time.
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Your Biggest Financial Risk
When it comes to investing, many of us are so conce ed about losing money that we forget why we are investing in the first place. We are investing to reach some goal, some goal that we set in today’s dollars in our minds. When we plan for a goal that is far away, say 10, 15 years in the future, like retirement, we need to be reminded of the bigger risk to not achieving that goal– inflation. Remember when it used to cost $5 to go to the movies, or $20 to fill up your car? How about when the price of a stamp was 20 cents?
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Did the Poof the Magic Meister Getcha?
Where did all of the money go? I hear it all of the time! My clients tell me – Justin: “It comes in . . . and then “poof, it’s gone!” Poof, the magic meister could getcha every time. You feel like you are making decent money, but when you look at your profit, the money is gone. Poof took it to the city of Kaputnicksville (Yiddish for the Land of the Lost – I loved that show!). What you don’t know is that you are Poof! Aha! We gotta find the money. So let’s get to work and put on our thinking caps!!
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Investors – Grow Your Portfolio
Investors is your portfolio growing or withering? It’s crazy. It’s wild. And it’s the real deal. And it’s not my big hair. It’s why some investors can’t make even 5% on their money per year over a 20 year period to grow their portfolio.
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A 401k for Your Employees?
This July, 401k participants will receive more disclosures about the fees they are paying inside their 401k plans. The Department of Labor wants more transparency and more disclosure on what kind of fees employees are paying inside their 401ks. Why? Because many employees have no idea how much they are paying in mutual fund fees. A recent survey by AARP said that 71% of people saving for retirement thought they didn’t pay any investment fees whatsoever.
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The Ins and Outs of Employee Stock Purchase Plans (ESPPs)
If you work at a public company, chances are that your company offers you a way to buy stock in your company at a discount. It’s a way of saving and investing automatically where your investment gets deducted from your paycheck. There is no tax deduction – you are using after tax money to buy your company stock. The discount can range from 5-15%. Most plans allow their employees to save between 1-10% of their pay (or a specific dollar amount) which is withheld to buy stock during an offering period.
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