It has been argued that the best way to invest in the stock market is with a lump sum of capital that can be properly diversified across several asset classes. But, for many people with a desire to achieve long term growth, that is not possible because they’ve yet to accumulate a lump sum of capital.
For some, a car is simply a means of getting from point A to point B; for others, it's a status symbol. Whether your view your car as a hobby, a passion, or merely a necessity, there comes a time when just about everyone needs to start shopping for a new (or used) one. But, don’t run down to the local dealership just yet.
Most people think estate planning is only for wealthy people. Certainly, the 55% of Americans who died without a will thought so, even though all of their estates ended up in probate court subject to the laws of the state. Sadly, the surviving families were thrust into a situation that resulted in unnecessary distress, expense and, for many of them, devastating financial consequence
Amidst the more obvious lingering effects of a sluggish economy, such as slow job growth, decreasing incomes, low interest rates and shaky consumer confidence, there lurks a more insidious threat which, thus far, has largely been ignored.
If you've ever played baseball, you've heard someone say that the batter must keep their eye on the ball. No one ever says keep your eye on the bat, but that obviously doesn't mean the bat isn't important. Clearly, hitting the ball is the goal, and the bat is just one of the tools used to hit the ball.
In light of this crazy Presidential election cycle, many clients have been asking us this exact question. While the candidates may differ on many fronts, who gets elected shouldn't impact the market in the long-run. As you'll see below, regardless of who got elected in the last 90 years, the stock market did just fine.
I am often asked, "what is your best financial advice?" The answer is simple: focus on what you can control! You can control things like investment expenses, portfolio diversification, and how much you save/spend, to name a few. You can't control many things in your financial life, primarily the market.
I was fortunate to recently have been featured in an article on Financial Advisor IQ, a Financial Times subsidiary. The main point of the article is that an advisor should spend most of their time listening, as opposed to talking. If your current advisor-client relationship is the other way around, I encourage you to explore your options! Enjoy the article: