Behavioral Finance Video: CLIMBING THE WALL OF WORRY Climbing the wall of worry is the tendency for markets to rise despite always have something to worry about. And 2023 is no exception. 2023 “Worries” Media headlines today boldly announce companies making layoffs. But news about job openings seldom makes headlines. While recently we have been…
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8 Ways to Protect Your Home and Assets
For many people, property and casualty insurance policies are too often an afterthought. However, if the unexpected happens and adequate protection is not in place, the best financial plans and investment portfolios can change drastically in a moment. Derry Wisnom, a Private Risk Advisor with Risk Strategies Company, specializes in complex risk mitigation. She offers…
6 Tips to Help with Estate Planning for Children with Special Needs
6 Tips to Help with Estate Planning for Children with Special Needs The day-to-day challenges around caring for a child with special needs can make it difficult to think ahead. However, planning for their future is critical to their success. Attorney Ellen Cookman is a Certified Specialist in Estate Planning, Trust, and Probate, with expertise…
VIDEO: Behavioral Finance – 3 Investment Lessons From 2022
Behavioral Finance Video: 3 INVESTMENT LESSONS FROM 2022 1st Lesson – Surprises Happen In 2022, we were surprised by the Russian invasion of Ukraine. We also experienced record high gas prices. In response to persistent inflation, the Fed increased interest rates significantly. This resulted in mortgage rates doubling and both stocks and bonds experienced double-digit…
4 Ways to Control Your Spending – Part 2
In our previous blog, 4 ways to Control Your Spending – Part 1, we looked at four tips to help you get a handle on your spending. Alison Salisbury, owner and founder of Fiscally Fit and current president of the American Association of Daily Money Managers, returns in Part 2 with four more ways to help keep…
VIDEO: Behavioral Finance – Boring is Beautiful
Behavioral Finance Video: BORING IS BEAUTIFUL Over the past few years, many investments have been hyped by the financial media and several have experienced near-parabolic gains. These include meme stocks, cryptocurrencies, major technology firms, and companies that thrived from changes during the pandemic. Hype and watching asset prices skyrocket produce a “get rich quick” mentality….
4 Ways To Control Your Spending – Part 1
Whether you are starting your first job or well into retirement, understanding where your money goes is crucial to avoiding financial stress. The explosion of internet shopping, credit cards with rewards that encourage spending, and a flood of options to pay for more and more things quickly with our cell phones can make tracking spending…
VIDEO: Behavioral Finance – Pragmatic Perspectives
Behavioral Finance Video: PRAGMATIC PERSPECTIVES Year-to-date, the stock market is down 18%. Bonds are down 15% and the supposed inflation-fighting asset class of gold is down 10%. Many financial experts are pontificating where inflation and the markets will go from here. But market forecasts are seldom accurate. At the beginning of the year several well-known…
5 Ways to Maximize your Employee Benefits
5 Ways to Maximize your Employee Benefits Looking through an employee benefits packet can be overwhelming, especially if you just started a new position. But the decisions you make about your benefits now could potentially have a large impact on your future finances. Here’s five important areas to pay attention to during your enrollment period: 1….
Cash Isn’t King: Avoiding Hindsight Bias In Turbulent Markets
Cash Isn’t King: Avoiding Hindsight Bias In Turbulent Markets As we fully enter the fall season, the markets continue to seesaw dramatically. Some are lamenting why they weren’t in cash from January. We all see the beginning-of-year values on our statements and can experience something called ‘hindsight bias’ – a not-infrequent tendency for investors to consider…