In Part 1 of this two-part blog series, we examined why investors are hardwired for emotional investing. In Part 2, we’re sharing some of the potential costs of investing emotionally—and how you can avoid them.
Enduring the fluctuations of the market can be challenging, even for the most seasoned investors. Indeed, most of us know by now that staying the course is prudent—especially during periods of discomfort. Yet doing so may be easier said than done.
While some inflation can signal a healthy economy, it can have far reaching implications over an extended period. The good news is a little foresight can go a long way when it comes to preparing your business for rising inflation.
Instead of fixating on the headline news, consider that liberating financial white space. There, hidden in plain sight, you’ll find a number of powerful investment strategies that are freely available and far more within our control.
Before you pour your hard-earned cash into cryptos or abandon your investment plan, it may be helpful to refresh your memory on a few Bitcoin basics, including the potential risks.
This article about emotional investing is part two of a four-part blog series about training yourself to make better financial decisions. “The challenge for all investors is to consume the news without being consumed by it.” –Jason Zweig In my last post, I introduced a four-part blog series on the importance of separating fact from …
Emotional Investing: How To Avoid Common Investor Pitfalls Read More »
>Despite the challenges we’ve faced in 2020, we’re likely to end the year on at least one positive note—equity markets at home and abroad have performed well this year, for the most part, and many market indexes remain near their all-time highs. As the media celebrates every new market milestone, you may be asking yourself, …
Markets Are At All-Time Highs, So Why Is My Portfolio Underperforming? Read More »
There is a “recipe” for creating a successful intergenerational transfer. It isn’t the only recipe that works, but because it depends on six carefully chosen ingredients, its chances for successful completion are greater than others. If any of the following six ingredients is compromised, or worse still, missing, the result will change. Ingredient 1: Parents must …
Did you know?If you hire a brand-name advisor, they are most likely accountable to the shareholders of their company. That means they need to focus on generating profits. So they may put the company’s interests in front of yours. In fact, it’s perfectly legal. Is that common?Is it common for brand-name advisors to put the …
Are you safe in the hands of financial advisors? Read More »
Money conversations can be hard. Have them anyway. If you really want your children to have good financial habits in the future, you can’t afford to not talk to them about money now. While it’s best to start when children are young, remember, it’s never too late to get the conversation started. Even if your …
Kids learn their money values from you. Have the hard conversations with them. Read More »
Some people think they can wait until March to worry about taxes. Wrong. The end of the year is a perfect time to make some last-minute efforts to reduce your tax burden. Advice this year is a little different, as no one is quite sure what 2019 will bring from a tax code perspective. Things may …
Act before year end to minimize your tax burden. Read More »
All investments carry a tradeoff between risk and return—generally, the higher the risk, the higher the potential return—or loss. Conversely, the lower the risk, the lower the potential return or loss. The goal is to find the right level of risk that provides the returns you need, while letting you get a good night’s rest. …
Tired of Tossing & Turning? Know Your Risk Tolerance Read More »
