Skip to main content

Posts

Showing posts from September, 2020

Sound Advice: September 16, 2020

Beware the Witching SeasonThe months of September and October have historically been among the most difficult of times for the stock market.  On average, September has been the weakest of the year.October has been Ground Zero for the biggest market drops of the last 100 years. Yet despite the fact that has been a period of increased volatility, it has often been a time when weakness has been followed by a significant rebound.Even so, let's not jump the gun.There may be no weakness and there may be no rebound.  For the first seven weeks of this year, stocks were on a tear.Then came the pandemic, which led to a national lockdown and devastation among the nation's businesses.While prices were climbing, so were valuations, almost to a point of excess. Then a new era of volatility showed up, with daily changes in the leading averages often running into triple digits.  In the wake of the plunge, market prices did a sharp about-face.The rebound, however, was largely driven by a handf…

Sound Advice: September 9, 2020

A Tale of Two Markets"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we were all going to Heaven, we were all going direct the other way----in short, the period was so far like the present period that some of its noisiest authorities insisted upon its being received, for good or for evil, in the superlative degree of comparison only."Charles DickensThe words Dickens wrote 161 years ago resonate eerily with where we are today.For some people, it is indeed the best of times.For far too many others, however, it is among the most difficult of times.Amid the overwhelming flow of each day's news, we learn about the movements of the stock market, which until recently appeared to be on a fast track to the ionospher…

Sound Advice: September 2, 2020

Planning to start investing? Outstanding idea!Want to do it yourself? Well, that’s a bad strategy.
Sure, there’s a wealth of financial data and tools available on the internet. But there’s a world of difference between a professional doing a job for which he or she is qualified, trained, and experienced, and an average Joe doing the same thing after a few hours of online research. After all, would you trust a doctor to operate on you if he would be getting the instructions for the surgery from Wikipedia pages or YouTube videos?
Bad retirement planning can ruin your financial goals and leave you penniless at an age when you need money the most. That’s why it’s critical that you choose a trusted, reputable, and well-experienced personal financial planner to secure your financial future.
Here are just some of the ways in which bad retirement planning can cause big problems. An Emotional Rollercoaster
It’s not an understatement to say that smart investing requires a heart of steel. Most people…