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expert Stephen Akin featured interview with Erik Sherman
Akin Investments featured as expert options advisor
expert Stephen Akin featured interview with Erik Sherman
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Akin Investments - Jackson, Mississippi
Independent "Fee Only" Financial Planning & Portfolio Management. A new smart choice for consumers without the pressure to buy investment products with large sales loads or hidden costs.
Whether you choose one time advice or ongoing services. We offer an affordable approach that provides you a simple, easy to follow step by step plan with investment strategies that will save you time, money and taxes.
Bankrate.com by James Royal 5 Reasons to add your beneficiaries to your accounts now
“When you name beneficiaries you ensure that after you die, your assets go to the people or charities you choose,” says Stephen Akin, a registered investment adviser at Akin Investments in Biloxi, Miss. By naming a beneficiary, that person becomes “first in line to receive assets upon your death,” says Akin, noting that it’s not necessary to be married to the beneficiary.
US News and World Report by Kate Stalter | Advisors Turn to Options to Protect Capital and Even Boost Returns
Stephen Akin, founder and investment advisor representative at Akin Investments in Biloxi, Mississippi, has used options for many years, sometimes with a very simple strategy of put or call purchases on the direction of an underlying stock or overall market. "Another easy way to buy a stock in volatile markets is to sell a put on a company that I'd like to buy," Akin adds. "If the stock weakens enough to have the option exercised, I'm in at a lower price. If it's not exercised, simply book the profit on the expired put. This also enhances total return on the portfolio."
Forbes.com by Chris Carosa | When Might You See ESG Issues Align With Stock Performance?
“Let’s say a community has rusty water,” says Stephen Akin of Akin Investments, LLC in Biloxi, Mississippi. “A company comes in and overhauls the waterworks. People pay their bills. The company pays out a portion as a dividend and retains the remainder of the earnings. The stock goes up. Everyone is happy.”
Time Next Advisor by Harlan Vaughn How To Gift Stock Shares to Your Loved Ones This Holiday Season
If you want to transfer a stock you don’t already own, you’ll need to purchase it in your account before you transfer it to someone else,” adds Stephen Akin, registered investment advisor at Akin Investments.
Fortune by Erik Sherman The common theme is fear and panic’: These are the lessons learned from the past 3 bear markets “
The money tossed around was outrageous. Stephen Akin, a registered investment adviser who worked for some major brokers back then, and his wife were sailing enthusiasts. On a vacation in St. Thomas, they saw a sweet sailing yacht at the dock. On the back was painted the name, Dot Calm. "I saw that boat in St. Thomas, that was the first red flag for me,” Akin says. The owners had cashed out while they could. Most were not so lucky“It was amazing how long it went,” Akin says. “When you’re in a rising market like we had in the ’90s, everyone kept thinking itwould go and go and go.” Until it didn’t.
Akin Investments with Stephen Akin
Fanele Moyo • Jul 08, 2021
What inspired you to an investment career?
I was a sea captain prior to becoming an investment advisor. I held a US Merchant Marine Masters Certificate. In my early thirties (early 1980s) I realized that going to sea was not the greatest for children and family life ashore. I began trading the markets, had a friend with a firm in Galveston and spent lots of time trading when I wasn’t offshore. I decided to get my FINRA Registration and worked with two major Wall Street Firms.
What’s your motivation in helping others with their investment goals?
I really enjoy helping people learn about the many ways that they can approach their lifestyle and create wealth for the future. Financial literacy is an area where I think our schools could greatly improve.
Where did you get the idea for Akin Investments?
I turned 65 and within a few months I decided to proceed with establishing my own firm. It is something I had thought about during my career but never moved forward on it until 2015.
In January of 2016 my registration was granted in South Carolina. We moved to Mississippi in June of 2019 and registered with the Secretary of States office who regulates the securities business in the state of Mississippi. Today we are based here in Jackson and continue to serve clients in South Carolina as well.
You said investment opportunities abound from stocks and bonds, crypto, precious metals and alternative. Tell us more.
The virus dealt the world a blow for sure! Now it seems that almost everyone I talk with is optimistic about moving forward even though it may not be quite the same as it used to be. By that I mean more flexible office hours seem to be the way of the future however there may be some consequences to not being in a professional environment. Stocks that facilitate this change in working styles have done well and should continue to do so.
Another asset in portfolios should be some type of inflation hedge such as precious metals and or commodities. There is a lot of velocity of money as reopening continues. For many of you, you may remember after the financial crisis 2008 the Federal reserve was there with plenty liquidity but they could not jump start demand. It appears the stimulus money and the reopening may have finally done the trick. Fed chairman Powell says that it may be a “transitory bout of inflation”. Time will tell.
What is your business model and what differentiates it from others?
When I created my firm I wanted to eliminate any inherent conflicts of interest that are found in many investment firms. We don’t take custody of securities or funds of clients therefore there is no pressure on clients to make hi cost investments that are often not the best thing for the client and may also be illiquid.
As a true fiduciary we help clients create the individual portfolio of investments that best suits their needs. Each account is managed separately. Often we are involved in giving second options for clients who are considering a financial move that may incur higher costs or illiquid items like partnerships, private investments or the sale of an insurance product or structured settlement
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