Update August 2020
Election 2020...what is an investor to do?
With the U.S. election less than three months away, investors have begun bracing themselves for what is sure to be another vitriolic presidential campaign. Commentators across all media outlets are hyping this as a watershed event that will reshape the country for decades to come. This type of rhetoric can plant fear in the minds of investors as many of these “experts” are recommending dramatic portfolio changes based on the outcome. Unfortunately, these decisions can wreak havoc to an investor’s portfolio as the emotional response it can lead to, more often than not, will result in a poor long-term investment decision.
Now to be fair, the upcoming election is very important. After all, we are still facing a global pandemic with an uncertain outcome. Racial tensions are high, and the country is extremely divided politically. Tensions abroad are escalating. Most investors remain perplexed by the meteoric rise of the stock market since the March 23rd low. The sky-high valuations many stocks are trading at may be completely disconnected from reality if a “V” shaped recovery isn’t in the cards. Thus, regardless of your view of the economy or political affiliation, nearly everyone would agree that we are in for a bumpy ride leading up to November. However, while the outcome is certainly important in terms of the direction of where our country will be headed, we implore you to heed this advice.
Could Now Be the Right Time to Dial Down Your Investment Risk?
Recent events in the stock market may have some investors considering a portfolio rebalance. Is this a wise financial move?
Charitable Giving in Up and Down Markets
If you'd like to make a sizable donation to a charity or charities, that's great. But did you know that there are smart ways to do it that maximize the benefit to both the charity and yourself? Lisa Brown is joined by Wealth Advisor Chase Mouchet to look at ways to make the most of your giving.
Two Financial Issues Parents Need to Address
Navigating a No-bonus Terrain
For those experiencing a pay cut or loss of bonus during the pandemic, the financial goal is to weather the storm until it’s over and come out as unscathed as possible. Patricia Sklar shares six tips to help you navigate this new climate to minimize any damage to your long-term wealth.
Retiring Well: Life-giving Conversations About Death
While ensuring your documents and your household are in order is a critical step, it's only one part in the process of "finishing well." A fruitful and often ignored step is engaging in conversations with our family and friends about our thoughts and wishes for our living and dying. Here are recommendations for the who, what, when, where & why of end-of-life discussions.
What is a Successful Transition?
As an aviator, I define a successful mission as safely arriving at my planned destination, on time and with happy passengers. Can you define success in selling your business? It is an important question. Statistics show only 20 – 30 percent of business owners are able to sell their business! Of those, 75% of sellers are unhappy within one year of the transaction.