The iconic rock band The Rolling Stones said it all: “Time
Humans are innately emotional — and yes sometimes irrational - creatures. Of course, there are appropriate times to be ruled by emotions (weddings, birth of a child, etc.) but becoming too emotionally involved with your investments, or letting fear dictate when you jump in or out of the markets, can have dire consequences for your long-term portfolio, as you’ll see in this month’s newsletter. Adhering to a sound financial plan, no matter what is going on in the markets, gives you a much better chance at a successful future. ..
There’s an old saying: Nothing good happens quickly. While this may not be the case in all situations, it may apply to investing. As the “Time in the Market Matters” chart below shows, the annual range of returns even for a globally-diversified portfolio, can be quite large. However, the longer you hold the portfolio, the narrower that range of outcomes becomes — a potential benefit for long-term investors. And if you’re looking for ways to more effectively manage your finances, start by avoiding the seven money mistakes in the article below. Because making decisions involves both logic and emotions, understanding one important academic concept, “status quo bias,” as described in the link below, may help us make better, less emotional decisions, especially when it comes to investing. Finally, if you’re trying to decide whether to move or remodel your house, the article below helps weigh what’s truly important to you (an extra bedroom? unique design? wonderful neighbors?) with what you can comfortably afford to spend. ..
The Dow hit 20,000! With many sectors of the stock market at all-time highs, some investors are worrying about whether the stock market is due for a decline. The chart below shows that stock market highs don’t necessarily mean big declines. If you find yourself surrounded by piles of paperwork (or disorganized electronic statements) you may find this article about organizing your financial documents helpful, especially as you prepare for tax season. There is more than one way to save for your children or grandchildren to go college, and some accounts give you a tax break at the same time. It’s never too early to start saving, as college costs continue to rise. It’s never too late to make new resolutions. You may like these ideas for resolutions that help give a boost to your finances this year. ..
Connect with Us
- Giving Gratitude
- Change Can Be Good!
- Planning Ahead
- The Dog Days of Summer
- Is Time On Your Side?
- Irrational Investing
- Avoid Financial Mishaps Before They Happen
- Take Time to Be Mindful While Investing And Safeguarding Assets
- Manage Your Finances And Avoid These Seven Money Mistakes
- Stock Market High, Piles Of Paperwork And It's Never Too Late