Congratulations, you have built up some substantial assets in your 401(k) plan with your employer, and now that you are contemplating retirement you have several choices… First, you could just liquidate it completely and take it all in the form of cash. Let’s just...
When is the right time to sell a stock for a profit? All your hard work is paying off. You have done your research and you made a wise investment. Your stock is up, and you are sitting on a tidy profit. But what should you do now? Should you continue to hold this stock? Or… Should you sell it and take some profit off the table? If you are still reading this… Congratulations! Overall, it has been...
Did you know that some equity sectors actually perform very well in the inflationary environment we find ourselves in today. Location, location, location… We’ve all heard this phrase before. The location of your business can determine its success. Locate your business where there is no population, and your chance of success greatly decreases. If your business relies on foot traffic and you find...
Recency bias makes investment shoppers miss out on some tremendous bargains. Imagine the following scenario. You are shopping at a fashion boutique and that cute sweater catches your eye. It is that same sweater that you saw last time for $150.00, but now it is on clearance. The price has come down 80%. It is now only $30.00… Wow! You inspect it; it isn’t damaged. You still like it; so, you...
Congratulations on your career change at 50 You have worked for this moment. And now finally, after what seems like an eternity... You are embarking on a new journey A new career… A new life… And now, the work begins. This period of time can be hectic as you transition to your new role. But, know this, you are not alone. In fact, 12% of workers over the age of 50 are just like you and want a...
I know that inheritance planning might be the last thing on your mind right now. I’m sorry for your loss… And I know that reading, “I’m sorry for your loss”, just doesn’t quite fill the void. Grieving the loss of a loved one is the most painful experience that many of us will ever experience. And if you were fortunate enough to have received an inheritance, you can be filled with gratitude and...
Does your relationship with your financial advisor leave you feeling unfulfilled? Do they say things like… “There is no risk with this stock” “You have to act now” “Only I can get you into this investment” “I guarantee you will earn 15% per year on this investment forever” Or… “This investment has no cost or fees to you” ... huh??? An unfulfilling advisor can make all types of grandiose claims!...
Active management is better than investing in passive index funds. This is especially true in a down market. Consider this scenario: A scenario that is playing itself right before your very eyes. The market is down, and so are your investments… Why? What are you doing wrong? Is it because you chose bad investments? Or is it because all of your babies are getting thrown out with the bathwater?...
When it comes to retirement wealth management, annuities are one of the many investment options in which an investor is presented. Unlike mutual funds, exchange traded funds, stocks or bonds, annuities are purchased from an insurance company which guarantees certain payments at fixed intervals or in lump sum. Payments could either be made immediately or at a future date to the owner of the...