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Hello, and welcome to my blog! Here, I will be posting articles and thoughts relevant to the financial industry, retirement, investments, and financial planning, as well as other related topics. I am also willing to answer questions and respond to any concerns you may have. If you'd like to contact me with a question you want me to address, please email me, and I can either answer directly or in this forum.

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Thank you for reading!

 

Tuesday, September 20, 2022

Traffic jams are unwelcome nuisances.  Unless we know the cause and what every other driver on the road is going to do at any given time (which is of course impossible), we can’t know the right route to get to our destination quickly and safely. 

Still, you often see impatient drivers who think they can pick the perfect lane that will shave a second or two off of their commute, often only to be delayed even longer.  This can serve as a metaphor for investors who try to time exposure to the stock market. 

At this point, there’s no compelling or time-proven approach to time the market with consistent success, yet it’s a question we’re often asked as financial professionals: “Is now a good time to get out of (or in to) the market?”

Much like the traffic jam illustration, attempting to time moving in and out of the market can result in less desirable outcomes.  Take the chart below from JPMorgan.  During the period from January 2002 to January 2022, an investor missing the best 10 days in the stock market while trying to pick and choose when to be invested, could have resulted in a return more than 40% worse than if they had just stayed invested for the entire month. 

One of the main reasons for this is that seven of the ten best days in S&P 500 total return index occurred within fifteen days of the ten worst days over the same time period.  Long story short:  predicting the future is next to impossible.

That said, staying invested is not always easy either.  Riding the rollercoaster of ups and downs may cause some fear and worry to creep in.  After all, you’ve worked hard to save your money and you’re relying on your investments to help fund your retirement. 

That’s where we as financial advisors earn our stripes.  One of the biggest roles a financial professional can play is helping you see the big picture through the noise of all the negative (and sometimes positive) news.  Experienced advisors help you put focus back on to your specific goals and objectives, the timeframe for those plans, and provide a personalized and facts-based rationale to either stay the course or to make a change.

Having trouble staying in your seat?  We’re just a phone call or an email away.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.


 

Thursday, August 11, 2022

ESG (Environmental, Social, Governance) investing involves a set of characteristics used to evaluate potential investments, and their impact on society at-large. These factors generally include how a company cares for and impacts the...

 

Wednesday, July 13, 2022

With the significant increase in property values in many areas of the U.S., if you own a home, now may be a good time to review your homeowner’s insurance policy. Why? Well first off, one in twenty insured homes has a claim each year,...

 

Monday, June 13, 2022

If you missed last month’s Digital Assets Part I, take a quick read as to why we should be concerned about this area.As we shared in our last post, Digital Assets can include information stored on an individual’s digital devices...

 

Thursday, May 19, 2022

This is first part of an updated series on Digital Assets, which we hope will be helpful as the things we purchase and memories we store are more and more intertwined with technology.Part I: What is a Digital Asset, and Why Should I...

 

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Thursday, April 28, 2022

Legacy can be a subjective, even philosophical topic. What should be handed down to the next generation and how should a person or family be remembered? When it comes to financial legacy, often a critical part of the definition...

 

Monday, March 28, 2022

Once you file your tax return each year, it’s a good idea to start planning for next year’s return. Here are a few things you can look at doing today to help set yourself up for success in tax year 2022. Did you owe more than $1,000 or...

 

Wednesday, February 23, 2022

Depending on your tax situation, your investment and tax advisors may have suggested looking at converting some of your Traditional IRA assets to a Roth IRA. Potential benefits of a Roth conversion include tax-free growth and no...

 

Wednesday, January 26, 2022

As we approach the end of each year, giving is often our minds. However, with close to 90% of US taxpayers now taking the standard deduction on their tax return, is there still also a financial incentive to give to charity? Good news:...

 

Wednesday, January 26, 2022

This is the time of year for festive gatherings and generosity. It’s also the time of year when we get a glimpse of expected financial changes for 2022. Contribution limits for some retirement accounts will be increasing in 2022. We...

 

Tuesday, January 25, 2022

Each January many people reflect on the past year and set new goals for the next 12 months and beyond. When it comes to retirement, a “bucket list” is a common reference to checking off a list of activities in which you want to...