Stress-testing your financial plan is never fun or easy, but it’s good knowing that your plan will hold up.
Even when following the philosophy of a proven successful investor, care has to be taken. Thus the acronym “ABC” may have a new meaning behind it – Always Being Careful.
Even the best pilot in the world needs help to get from point A to point B. No matter how long the pilot has been flying, he cannot see and know everything necessary from the cockpit. Air traffic control is always present to inform pilots of the things they can see; but which the pilot cannot.
It’s been said that diversification is only for folks who don’t know the future…. Well I’m going to go out on a limb and say that is pretty much all of us.
If you are like most, you know that there will be another market crash, but you just don’t know when. History leads us to believe that it will come sooner rather than later. So, if it comes in the near future, are you prepared?
How is planning a successful retirement like playing a game of chess? Let’s break down
some of the pieces on the chess board…
Modern Portfolio Theory has been widely adopted by the financial services industry as the “go-to” investing philosophy.
Lori and I have our two children, Chuck and Jordan. As any parent, who raised their children in a responsible way, we thought our kids would take care of us to some degree in our later years.
Few terms in personal finance are as important, or used as frequently, as “risk.” Nevertheless, few terms are as imprecisely defined.
I recently read a Bloomberg article called “Mom and Pop Sit Out Rally, With Stock Exposure at Six-Year Low.”