During market turmoil, many investors turn to news sources for answers – advice, guidance, or a new idea to capitalize on the turmoil. This can be a dangerous strategy. Enter stage right, Hertz. A few days ago, I was watching CNBC when a breaking news alert came across the bottom of the screen. It said,… Continue reading Don’t Buy the Headlines
"If social distancing is successful it will be viewed by most people as unnecessary in retrospect. This is the essence of risk management, and why so few successfully manage risk" - Jess Bost In asset management, allocation and diversification are the lifeblood of risk management. Your portfolio should include different types of assets to reduce… Continue reading Risk in Retrospect
I’ve had friends, family, and clients inquire about buying specific companies and sectors after the massive drawdowns due to COVID-19. The theme seems to be airlines, cruise lines, and casinos. Three of the biggest airlines are down between 50 and 60 percent YTD. The three largest cruise lines are down between 65 and 80 percent.… Continue reading Is it Time to Buy Airlines, Cruise Lines, and Casinos?
Due to the uncertainty of COVID-19, we are currently in what is called a bear market. With the present stock market volatility, it is important to remember this is not the first bear market, nor will it be the last. A stock index enters bear market territory when its closing price drops at least 20… Continue reading What You Need to Know About Bear Markets
Any time there is market volatility or economic uncertainty, investor fear starts to rise. It seems no matter where you look, a news outlet is telling you "it’s the worst day since X,” or "we’re witnessing the largest weekly drop since Y.” The problem is, while these outlets are creating fear and/or concern, they generally… Continue reading What You Should Do When Markets Are Volatile
$1,000 vs $100,000 Decisions Mitch Custenborder wrote an article about $1,000 vs $100,000 decisions. Mostinvestors want to see big returns, and who can blame them? However, I’d argue that is a $1,000 concern. The $100,000 thought would be “What return do I need”. Instead of focusing on returns and market movements that you and your… Continue reading Focus on What You Can Control
Only 16 percent of companies still offer traditional pensions. Every few years negotiations take place between these companies and the unions over benefits. The negotiations can drag on for months and can lead strikes. While the number of pension plans are deteriorating, the number of employee stock options plans are on the rise. For those… Continue reading 5 Ways to Maximize Your Employee Stock Options
Personal finance is no different than fitness and weight loss. Google yields 787,000,000 results in .75 seconds for “How do I lose weight”. Knowing what source is accurate, trustworthy, and right for you is a challenge. A good financial planner, like a good dietitian or fitness instructor, will start by taking inventory of where you… Continue reading When is it Time to Hire a Financial Planner