Ignore the Markets; Stay Invested

One of the worst things you can do when the market takes a dip (or a dive) is to immediately pull your money out. While it may seem logical–why lose any more money–it’s almost always the wrong move. Taking money out during a downturn makes it incredibly difficult to take advantage of the eventual upturn. If you understand the tax implications of losses, you further take advantage through smart tax harvesting (I’m not going to get into that here). Now, I’m not talking about divesting your money in one stock and investing it in another that you think is poised Continue reading Ignore the Markets; Stay Invested

We’re Half Way Through 2020…Can You Handle Another Half?

Wow, 2020 has been a wild ride so far. We started the year off with what seemed like a strong stock market, solid economy, and no fears of COVID-19. That quickly changed less than three months into the year as much of the country came to a standstill after Coronavirus reached our shores. It’s fair to say it’s been a bit of a rough ride since then. It’s also hard to say what the rest of the year will bring. However, 2020 has also brought some big changes to retirement saving and planning. First off, the SECURE Act was signed Continue reading We’re Half Way Through 2020…Can You Handle Another Half?

The Stock Market is Emotional. That Doesn’t Mean You Have to Be

If you’ve been investing in the stock market over the years, then you’ve probably heard–and seen–that the stock market moves based on emotion. Things such as societal movements, politics, or financial predictions can force movements in the market to happen. This is also what makes the stock market–and other associated markets–unpredictable. If you don’t understand and respect that unpredictability you can lose a lot of money. However, you don’t have to use emotion to drive your investment decisions. In fact, you should try to keep your emotions as far away from your investment and financial decisions. Using your emotions to Continue reading The Stock Market is Emotional. That Doesn’t Mean You Have to Be

Investing is Based on Luck; Diversification Helps

I’ve touted the importance of diversification here in many posts over the past few years. While it may seem like diversification is the cure-all for any portfolio, I should remind you that regardless of whether you diversify or not, investing is still a risky endeavor that way more often than not involves a lot of luck. That’s not to say you still can research a stock or company you invest in and do your homework–that helps immensely to determine strong performing stocks and to avoid ones that tend to be more volatile. However, no matter how the stock has performed Continue reading Investing is Based on Luck; Diversification Helps

How to Handle the Stock Market Today

The stock market has been on a downward spiral for almost a week at this point, which has created a lot of worry among even the most amateur of investors. Most reports indicate that the fall is a result of Coronavirus concerns sweeping the globe at the moment, but there may be other factors combined with that. This downward movement–or market correction, depending on who you talk to–has done a serious number on many portfolios and retirement accounts and it’s unclear as to when or how things will recover. While you shouldn’t ignore the market downturn, just remember that you Continue reading How to Handle the Stock Market Today

Who’s Afraid of the Big Bad Stock Market?

When it comes to building up a nest egg or retirement savings, the stock market can be a great way to meet your financial goals. This is especially true if you invest while you are young and do so in a reasonable manner. If you invest early in your career and let that money grow over the course of three or four decades, you can find yourself with a pretty hefty chunk of money. Plus, it’s really easy as you don’t really have to do much aside from track your investments from time to time. However, many Americans try to Continue reading Who’s Afraid of the Big Bad Stock Market?

Want Peace In Retirement? Ignore the Markets!

I’ve said it here before and you’ve probably heard it thousands of times from other sources, the stock market is unpredictable. No, you can’t beat it or think you can outsmart it. So, what’s the best way to deal with it if you are using it to help build up your nest egg or fund your retirement? Ignore it! I know that might be hard to do, but it’s the only way you’ll stay sane. That’s especially true during economic periods like what we are going through right now. At the moment, it’s hard to tell what exactly the markets Continue reading Want Peace In Retirement? Ignore the Markets!

A Bullish Stock Market Doesn’t Equal Retirement Riches

It’s been over a decade since the stock market hit the lowest point of the recession in 2009. Since then, it’s done nothing but seemingly improve. After a decade of seemingly (key word here) bullish activity, one would think that a lot of investment portfolios and retirement accounts would be reaping the benefits, but that’s not necessarily true. In fact, the majority of Americans will still struggle to save enough for retirement. The biggest reason? The majority of stocks are still owned by the richest few Americans. While many Americans were able to bolster their nest eggs by investing during Continue reading A Bullish Stock Market Doesn’t Equal Retirement Riches

The Stock Market Isn’t About Getting Rich Quick

You’ve probably seen it played out in television shows and movies where someone buys a stock and suddenly the value skyrockets and they become super rich. Yes, there are even stories of it happening in real life (of course with lots of luck involved). These instances and fantasies can make investing in the stock market very enticing. However, it’s important to remember that the stock market won’t make you rich overnight and that you need to be savvy when you use it. That means doing research and being smart about how and when you invest your money. You will want Continue reading The Stock Market Isn’t About Getting Rich Quick