Category - Investing

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Outline an Investment Strategy Instead of Chasing Hot Investments
2
Time-Honored Investing Advice Applies During a Pandemic
3
Market Volatility Déjà Vu
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The Ten Commandments for Strong Financial Health
5
Noise

Outline an Investment Strategy Instead of Chasing Hot Investments

To respond to requests for information about what people should invest in, The Motley Fool doesn’t offer a list of specific companies but instead outlines some rules of thumb that novice investors could follow

Having an investment strategy is important. Rather than chasing what you think may be a hot investment, find a way to make the most of your resources and invest in a way that will make you feel comfortable and yield results. This is where a Fee-Only financial planner can help. If you aren’t comfortable with your investments, you can bring unnecessary on yourself. You may …

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Time-Honored Investing Advice Applies During a Pandemic

In calmer, more predictable times some people find it difficult not to panic based on headlines. During a pandemic, the temptation to panic and make impulsive money moves may be even greater. Kiplinger.com offers advice to nervous investors in “How to Save Yourself from…Yourself.” 

The article says “It is only a loss if you sell it. Markets go up and they go down, but over the long run, they have always gone up.” So, before you panic and decide to sell investments that could still grow over time, consider the long-term consequences to your portfolio.

And instead of …

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Market Volatility Déjà Vu

By Eve Kaplan, CFP® Every time markets go haywire, it’s worth remembering that volatility is the “the price of admission” to hold something (usually stocks) that outpace inflation and deliver good returns over the long-term. The key point here is delivering good returns over the l-o-n-g   t-e-r-m. Do investors know when stocks are going to correct? Usually not? Do they know how much they’ll correct? Definitely not. Is it worth trying to “time” markets by selling when you anticipate a coming correction, and trying to buy back when you think stocks have “bottomed”? Again, definitely not. The same goes for… Read More

The Ten Commandments for Strong Financial Health

Here are the Ten Commandments for achieving strong financial health.

The Ten Commandments:

  1. KNOW HOW IS YOUR ADVISOR IS PAID. It really does matter because the quality and kind of advice you receive is a result of how your advisor is paid. The best model for receiving investment and financial planning advice is the Fee-Only Advisor model because this kind of advisor has a Fiduciary obligation to put your needs first. Other types of advisors and brokers do not necessarily need to put your needs before their own.
  2. IT’S NEVER TOO LATE TO PLAN. It’s never too late to benefit
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Noise

Every day we are bombarded with information. It can be difficult to wade through this sea of data and pick out the material that means anything to us. Of course, it doesn’t help that the existence of 24-hour news channels, social media outlets, and the scuttlebutt around the water cooler make it difficult to avoid.

So how do we filter all the noise and get only the information we really need? I’ll offer a few suggestions that have worked for me. Perhaps they can help you.

Turn off the news. This was one of the biggest mood lifters and time …

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