“If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at the moment.” Marcus Aurelius At times, the market responds to the news. At other times, the market is THE news. Investors had been hearing about the Covid 19 virus since mid-January but the market seemed quite content to shrug...
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“History is a gallery of pictures in which there are few originals and many copies.” Alexis de Tocqueville First, there was the East Asian Financial Crisis of 1997. In 1998 there was the Russian debt default and the collapse of Long Term Capital Management. In 1999 there were fears of the “Y2K bug” and the possible collapse of the global technological infrastructure’s ability to process payments for years starting with...
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The Revocable Living Trust A Living Trust is one of the most flexible estate planning tools in existence. It can be customized to help ensure that actions will be carried out according to one’s intentions while providing for several contingencies. One of the most common types is the ‘Revocable’ Living Trust, which is what we’ll review today. Definition: A Revocable Living Trust is a legal document that an individual owner...
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Are you or someone you know self-employed? If so, at some point you’ve had to think about setting up a retirement plan for your business. Someone may have approached you with the idea of a SEP IRA or a similar arrangement, but did you know that you also have the option to set up your own 401k? Depending upon your situation, this might be a significant opportunity! To understand why...
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“There are three kinds of lies: lies, damned lies, and statistics.” Mark Twain “Chapters from My Autobiography” (1907) The US stock market as measured by the S&P 500 is up year to date since the first of the year by 21.2%. Good news. The stock market is up year over year by 4.00%. Not such good news. The stock market in the past six months is up by 4.00%....
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Dollar Cost Averaging – is an investment strategy in which an investor makes purchases of an investment or group of investments with a fixed dollar amount at regular pre-determined intervals. This may sound familiar. A lot of us have used this strategy without being aware of it. Many of us have, for example, made a set dollar contribution to a 401k, IRA, or Educational Account. So, we know from experience...
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Are you a professional? What does it mean to be a professional? The textbook definition is: a person who does a job that needs special training and a high level of education. But it’s more than that, isn’t it? Being a professional encompasses many things - from skillset to personality to aptitude. Here are a few common characteristics of a true professional: Do you learn every aspect of the job...
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9 Keys to Effective Decision Making Everyone deals with uncertainty in their lives, making decisions is one of the most difficult parts of being human. There are so many factors to consider when weighing your options - no matter the size of your decision. Here are some tips that will help you choose with confidence.
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