Cash or Invest: That Is the Question
There are few questions that I’ve gotten in my almost 20 years in the business that have been as difficult to answer as the one I keep getting lately. With a handful of clients sitting on a decent amount of cash, they’ve been waiting for this opportunity to buy in on the dip. I’ll reach out to them, as that was always the plan, but then the conversation doesn’t go as expected.
READ MORE...Unprecedented Times: This is Unprecedented!
These times are unprecedented. Whenever I speak to clients, I consistently hear them say something like this: Never in the country’s history have we seen something like this. The country is literally shut down. These are unprecedented times.
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Did You Miss It?
First, markets move quickly. Like, really quickly. They shot down at historic rates and then shot back up. Volatility is everywhere and will likely persist for the short term.
READ MORE...The 4 Types of Investors in a Market Downturn
During these times of uncertainty, you get a real look into a person’s investing soul. You get to see how they react to adversity. My job, of course, is how to handle each person’s unique behavior as it pertains to their specific situation.
READ MORE...These are the Best Days of our Lives
I was reading some research the other day about the happiest ages of our lives. As part of that research, I found the following graph. I found it truly fascinating and, in a lot of respects, counter-intuitive.
READ MORE...Stocks: A Few Reminders
Over the past few weeks, we’ve seen our first bear market in 11 years (defined as a 20% drop from a peak). We’ve seen fear and panic set in as a global pandemic ensues. Everyone expects the next few months to be rough, as businesses go remote and/or shut down. Governments throughout the world, along with our Federal Reserve, are going deep into their playbooks to cushion the blow.
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What’s it Take to be the Top 1%?
Confession time, I have always been a sucker for statistics. Especially ones that are finance related, as it is a guilty pleasure being a financial planner I suppose. Recently Bloomberg (yes, the same guy who recently ran in the presidential primary) posted an article talking about what it takes to be in the top 1% of earners in America and the world. The findings were extremely interesting to me so figured why not share them with all you wonderful people.
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