July 3, 2019
Every money conversation should have a purpose. Money skills are the survival skills of the 21st century making the conversations you have about money very important. Those conversations should be helpful and meaningful, so you want to have a purpose for each conversation - especially if that conversation is with your financial advisor.
May 24, 2019
What are some of the money skills? Perhaps the most important is managing our cash flow. Debt management is a key skill. Other money skills include saving for short-term needs like emergencies and unexpected opportunities. Also saving for mid-term needs like education, entertainment and transportation while saving for the day when we no longer earn an income.
June 20, 2018
How to Make Change Easier Have you ever joined a gym to get in shape and then found you weren’t using it? Have you started a diet to lose weight and found yourself abandoning the effort? If you said “no” to both of these questions, you are among a small minority of people. We have all started down a road of change, sometimes life transforming change, and found ourselves giving up and going back to our old habits. We do this despite our best intentions and most determined resolutions. Let’s face it, change is hard and the bigger the change the harder it is. However, there are ways to make change easier. The key is to use our rational thinking to create small wins for our […]
March 27, 2018
Recent Market Volatility After a period of relative calm in the markets, in recent days the increase in volatility in the stock market has resulted in renewed anxiety for many investors. From February 1–5, the US market (as measured by the Russell 3000 Index) fell almost 6%, resulting in many investors wondering what the future holds and if they should make changes to their portfolios.1 While it may be difficult to remain calm during a substantial market decline, it is important to remember that volatility is a normal part of investing. Additionally, for long-term investors, reacting emotionally to volatile markets may be more detrimental to portfolio performance than the drawdown itself. INTRA-YEAR DECLINES Exhibit 1 shows calendar year returns for the US stock market since 1979, […]