READ “THINKING, FAST AND SLOW” BY NOBEL PRIZE WINNER DANIEL KAHNEMAN Dual-Process Brains “Fast” System 1: Quick, intuitive, & even delusional “Slow” System 2: Deliberate, requiring effort, concentration, tiring easily Watch the related WEALTHTRACK episode.
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SEE A FINANCIAL PLANNER TO DISCUSS GUARANTEED INCOME OPTIONS
SEE A FINANCIAL PLANNER TO DISCUSS GUARANTEED INCOME OPTIONS GUARANTEED FOR LIFE INCOME Immediate annuities Payouts start immediately upon purchase Deferred Income Annuities Payouts start at a future date Qualified Longevity Annuity Contracts (QLACs) Approved in 2014 Used in IRAs, 401(k)s, approved retirement plans Fixed Income Annuities Excluded from traditional required minimum distributions Can be […]
CONSIDER ADDING SOME EMERGING MARKETS TO YOUR PORTFOLIO
SOME MORNINGSTAR PERRENIAL FAVORITES WITH LONG TRACK RECORDS American Funds New World (NEWFX) NEWFX data by YCharts Harding Loevner Emerging Markets (HLEMX) HLEMX data by YCharts Vanguard Emerging Markets Stock (VEIEX) VEIEX data by YCharts Watch the related WEALTHTRACK episode.
DON’T LET THE POLITICAL NOISE AFFECT YOUR INVESTMENT DECISIONS
DON’T LET THE POLITICAL NOISE AFFECT YOUR INVESTMENT DECISIONS Presidential campaigns are designed to tell us how bad things are Candidates promise to fix problems Negativity takes a toll on investor psychology Successful investors stick to investment discipline Focus on fundamentals Choose companies and securities that will excel in business no matter what political climate […]
MAKE SURE YOU HAVE SOME NON-CORRELATED ASSETS IN YOUR PORTFOLIO
MAKE SURE YOU HAVE SOME NON-CORRELATED ASSETS IN YOUR PORTFOLIO Can provide price appreciation & capital preservation in market declines Hinder performance in bull markets Traditional non-correlated assets: Gold – favored insurance policy iShares Gold Trust (IAU) is long-time Morningstar analyst favorite Treasury Inflation-Protected Securities (TIPS) Can be purchased directly through the U.S. Treasury on […]
STICK WITH YOUR FINANCIAL DISCIPLINE
STICK WITH YOUR FINANCIAL DISCIPLINE Have a plan you can live with Don’t be distracted by outside events Have one, two or three years of living expenses to prevent selling under duress Keep some cash in portfolio to take advantage of market declines Put cash to work in high conviction investments that have fallen Watch […]
