Impacts of Media on Personal Investment
As an investor, if you watch the news right now or pick up a magazine things look pretty grim. Publications and media are using phrases like “market crash” and “financial disaster” to describe our current economic climate, and it has got folks worried. The thought of another impactful economic event like those in 2008 is on a lot of people’s minds. Take the February cover of The Economist for instance:
The headline “When the Ride Ends” and photo of a … Read the whole post...
Focus on the Stairs, Not the Yo-Yo
Financial markets go up and down daily. This can cause a lot of anxiety for investors. Am I going to lose all of my invested money? Am I making the wrong choices? The right ones? This stress is further heightened by the media constantly yelling at us to BUY or SELL stocks as if the next big crash is only moments away.
When you look at historical data for these markets though, they have always continued on an upward trend
… Read the whole post...The Latte Factor™: Where is Your Money Going?
When looking at your financial situation at the end of a given period are you left questioning, “Where did all that extra money go…”? After all, you did the math, your income is more than your expenses, and you should have X amount leftover. There seems to be a layer of income that just “disappears” from our bank accounts when we look at our spending over time. Don’t worry, you’re not alone and there’s a name for this phenomenon: The … Read the whole post...
Relationships > Sales
There was a time not too long ago where the financial planning industry seemed to be focused on selling financial products and volume, volume, volume! This foundation in sales is still around, but we’ve started to notice a much-needed shift towards financial planning becoming primarily a professional advice industry. Now, don’t get us wrong, sales are important in any business. Everyone has to keep the lights on. But there’s a fine line between generating sales, and building long-lasting relationships. With … Read the whole post...