Author - Daniel Joss MBA, CFP®, RLP®

1
The 7 Habits of Highly Effective Investors
2
Half of a Whole: When You Lose a Spouse
3
An Index Overview, Part IV: Opportunities and Obstacles
4
4 Money Mistakes Expectant Parents Make
5
Primer on Indexes; What Are They? Part 1.

The 7 Habits of Highly Effective Investors

As Suzanne Woolley writes in her Bloomberg post, she’s identified seven habits of effective investors. I would agree with her on these habits.

  1. Save early, and automatically
  2. Expect financial emergencies
  3. Set an asset allocation, and diversify
  4. Keep fees low
  5. Use an advisor who is a fiduciary
  6. Spend less than you earn
  7. Maximize employee benefits

I would add Avoid leverage and Avoid speculation. You should invest within your risk tolerance and risk capacity. And, think long term for retirement investing and invest more conservatively as you come closer to needing your money for college, cars, or other financial goals.

Dan…

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Half of a Whole: When You Lose a Spouse

I’ve recently had the responsibility of working with several recently widowed clients here in Williamsburg, Virginia. I’ve had several of these conversations lately and wish to share the highlights with you. In fact, my Dad passed away last year and my brothers, sisters-in-law, and I helped my Mom work through these same issues. Mom is the final judge, but I think we did fairly well.

Whether it’s sudden and unexpected or after an already lengthy ordeal, there’s nothing that can prepare you for losing your spouse. Grief and mourning affect each of us uniquely, but all widows and widowers share …

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An Index Overview, Part IV: Opportunities and Obstacles

This mini-series originally appeared in my monthly newsletter.

Legend has it, a pharmacist named John Pemberton was searching for a headache cure when he tried blending Coca leaves with Cola nuts. Who knew his recipe was destined to become such a smashing success, even if Coca-Cola® never did become the medicine Pemberton had in mind?

In similar vein, when Charles Dow launched the Dow Jones Industrial Average (the Dow), his aim was to better assess stock prices and market trends, hoping to determine when the market’s tides had turned by measuring the equivalent of its incoming and outgoing “waves.” He …

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4 Money Mistakes Expectant Parents Make

I read this article (4 money mistakes people keep making when they’re expecting a baby) by Sheryl Nance-Nash recently. I have a few clients (parents and grand-parents) that are expecting. I found it timely for them and there are lessons for others here too.

  1. Don’t buy too much stuff. Baby’s don’t really need all the things that are sold. Don’t use debt.
  2. You may need to adjust your budget. Changes in your life can mean changes in your budget are in order.
  3. Don’t neglect thinking about your future needs. Save for college, save for retirement.
  4. Update your estate planning documents.
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Primer on Indexes; What Are They? Part 1.

This article about the stock index first appeared in a monthly news letter to my clients in March of this year. This is the first part of a four part mini-series.

Since nearly every media outlet on the planet reported the news, you probably already know that the Dow Jones Industrial Average topped 20,000 for the first time on January 25, 2017. But when a popular index like the Dow is on a tear, up or down, what does it really mean to you and your investments?

Great question. In this multi-part series, we’re going to cover some of the …

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