5 Stock Market Truths

Key Takeaways

  • There are many misconceptions when it comes to the stock market and what we believe to be true about how to successfully invest in it.
  • There are five main truths to keep in mind when thinking about the stock market.
  • If you are not certain how your portfolio stacks up to these truths and you want to check, contact us for a complimentary assessment.

Are you thinking clearly about money?

5 Behavioral Finance Traps to avoid

Key Takeaways

  • There are some behaviors that occur in financial decision making that you want to avoid.
  • Narrow framing, confirmation bias, anchoring, short term emotions, and herd behavior, are five behaviors that can significantly impact your financial decisions.
  • If you have major financial decisions to make, gain clarity by talking over your thought process and options with a financial advisor.

Investable Collectables?

Key Takeaways

  • Collectable items are different from investable assets; collectables are just items whereas investable assets have an operating purpose.
  • Consider keepingyour hobby collection to under 5% of your investable assets.
  • If you decide to sell your collection, use an appraiser to ensure you know what your collection is worth in today’s market.

Retirement Surprises – It’s the Little Things

Key Takeaways

  • When we plan our yearly spending, it doesn’t always work out the way we want it to because of the little things that inevitably come up throughout the year.
  • Adding 10% to your overall spending plan for the year helps mitigate the surprise expenditures.
  • Having a 10% spending buffer sets good expectations and gives you peace of mind when the little things come up.