Jackie Goldstick, CFP®

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Our Take on Current Market Conditions

Blog, Investor Behavior, Market Update, Planning Perspectives, Portfolio ManagementLeave a comment

As a fiduciary advisor, you might already be able to guess what our take is on current market news: Unless your personal goals have changed, stay the course according to your personal plan.

Still, it never hurts to repeat this steadfast advice during periodic market downturns. After all, we understand that thinking about scary markets isn’t the same as experiencing them. So, what’s going on? Why did U.S. stock prices suddenly drop after such a long, lazy lull, with no obvious calamity to have set off the alarms?

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Perspective

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With Hurricane Irma now in the rearview mirror, I can gratefully say how lucky we were. My home sustained minimal damage and we thankfully never even lost power. However, we had no internet, we had no cable, our cell service was spotty at best and we had no landlines. As we were busy trying to regroup and clean up, we learned that our air conditioners had been leaking, our dryer was the victim of a power surge and our pool heater had sprung a leak virtually draining our pool!

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Financial Freedom – It’s Not All About The Size of Your Bank Account

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The way in which we respond and react to events that unfold in our daily lives are often the result of our past experiences. This is especially true when it comes to money. Whether you grew up in an affluent household, you grew up in a home where having food on the table was not a foregone conclusion or you grew up in a home somewhere in between, it is likely that the way you think about money today is influenced by some of these first experiences.

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When You Know Better …

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“When you know better, you do better.” These words, famously spoken by Maya Angelou, suggest that the more knowledge we have, the better we can do for ourselves. If we know something is bad for us, we will avoid it, if we know something can enrich our lives, we will seek it out and as we learn more about the world around us, boundaries will continue to be stretched and advancements will continue to characterize our society. But knowledge in and of itself is not enough. We must use this knowledge to change our behavior.

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The Sources of Retirement Cash Flows

Insights, Planning Perspectives, Portfolio Management, Retirement PlanningLeave a comment

When you hear the word “diversification” in the context of investing, one thinks of owning multiple holdings across asset classes, geographical locations, and industry sectors. The concept of diversification also applies to the sources of cash flows that are generated from an investment portfolio. Michael Kitces, a well-renowned author, and industry thought leader, suggests that there are 4 pillars of retirement cash flow that can come from an investment portfolio: interest, dividends, capital gains and principal.

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Preparing for a Market Downturn

Insights, Investing, Investor Behavior, Portfolio ManagementLeave a comment

Warren Buffett’s annual Berkshire Hathaway shareholder letters often offer sage advice. His most recent 2016 letter was no exception, including this powerful insight about market downturns: “During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy.”

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