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There’s No Such Thing as a Runner’s High
When the markets are volatile, it is easy to think about quitting, or changing up your plan. It is especially important to stay focused and unwavering as you push through. Nothing in the short term can derail your long term goals as long as you stay true to those goals. Whether it is running or investing, making a commitment to do what it takes to reach your runner’s high will help clarify the steps necessary along the way, even when you encounter tough days.
Should I Still Be Investing?
Amazon became a public stock through what is known as an Initial Public Offering (IPO) in 1997 with a share price of $18. As the price has increased over time, the stock has been split on multiple occasions. When a stock splits, the share price is divided and the number of shares of stock is multiplied by the value of the split (for example, Amazon completed a 20 for 1 split in June 2022. This means that the share price was divided by 20 and the number of shares multiplied by 20).
An Advisor Is Not For Everyone
The value that a financial advisor provides that hasn’t changed is the behavioral and psychological support that most investors need to be successful with their long-term investing (most notably, retirement investing). With pensions, mostly a benefit of previous generations, the onus on saving and preparing for retirement now falls squarely on each of us. Beyond that, planning around paying for kids’ college, taxes, estates/death, insurance, long-term care, etc. are all areas that most people do not spend a lot of time learning about or exploring.
Sacrificing Your Own Retirement Security By Prioritizing Your Kids’ College is NOT the Answer!
As a parent, we always want what is best for our children and tend to sacrifice our own wants and needs to ensure theirs are met. When it comes to paying for college, I can’t stress enough that sacrificing your own retirement security by prioritizing your kids’ college is NOT the answer. Although it may seem like your options are limited and the time is quickly coming to pay for school, there are many ways to address college without giving your children mental health issues later in life.
What Makes a Financial Advisor Independent?
The advisor is independent when they are able to give investment advice without considering product quotas, higher commissions on certain sales/products, rewards trips, etc. The focus can be on providing the best advice during every interaction.
Inflation and the Good Ole Days
The “buzz word” here recently has been (and will likely continue to be) inflation. It is one of those things that gets thrown around regularly when any discussion of politics, the economy or your dad’s rant about the “Good Ole Days” comes up. For most people, they...
The Best Investment You’ve Never Heard Of
Would you be interested in an investment vehicle where your contributions go in pre-tax, they grow tax deferred and when you take the money out it’s also tax free? If you’re thinking, this sounds “too good to be true,” then let me share a tax/retirement planning...
Having a Plan
Just like the person who makes a plan for coping with flying, it is paramount to have a plan for investing your money. In my experience, it is just as important to address the emotional and psychological hurdles of investing as it is picking the best stock or mutual fund. Following market trends and having a plan before volatility arises helps to address both of these concerns for your long-term goals.
Why the 2008 Recession Still Matters
As I write this post, we have just celebrated the longest bull run in the history of the stock market. Since March 9, 2009 the S&P 500 has increased a whopping 275% (+/-), helping to alleviate some of the fears that we felt while watching the market descend for 17...
