2018 Recap

Looking back at 2018, a lot happened.  The markets set record highs then had the worst performance since the Great Recession.  Oil rallied then tanked.  International markets had a tough time.  Much more occurred, but I'll let this flyer do the talking on that.

Things happen every year, good and bad.  With your investments, it pays to stay diversified and keep your goals in mind.

I'm here to help.  Contact me today.

Beware Scams at Tax Time

Since tax season is upon us, I thought I'd share this flyer with great tips to protect yourself from scams and identity theft.  Although the IRS will normally send a letter to first establish a communication, this isn't always the case.  If some claims to be from the IRS, always ask for I.D.

I believe it's always best to be proactive when protecting yourself and your identity, and that starts with knowing what to look out for.  It's much easier and less costly than finding out after the fact.

New Year's Financial Checklist

My last post talked about making your money your New Year's Resolution.  In helping you do so, here's a checklist with more ideas to keep an eye on your money.  For example, whether you plan to borrow money or not it's a good idea to keep an eye on your credit score.  You never know, there could be an incorrect record tarnishing your score that can make borrowing more costly and complicated.

Happy New Year!

My Thoughts on Market Volatility

Are you worried about market volatility?  Are you worried about the possibility of a recession?  If so, you aren't alone.  We've seen extraordinarily good markets over the past several years, so it can be unsettling to see wild markets return.  But, it is the nature of the capital markets and the business cycle.  So what can you do to calm your fears?

First, I'd suggest to create a plan if you don't already have one.  This includes not only what your future goals and expectations are, but also planning your investments accordingly.  If you already have a plan, great.  Revisit that plan and ensure nothing should change.  

Second, as a general rule, if you don't need money for a specific purpose over the next 1-3 years, then I wouldn't worry too much about the market.  This depends of course on your future needs and how you are invested (you could be taking far too much risk).  However, if do need money for something in the next 1-3 years, and all your money is tied up in the market, you should probably consider freeing up some cash as to not risk losing it.  No one knows what the market will do over any period of time, so why risk the cash if you know you will need it for some expense in the near-term?

Third, seek help if you're just not sure.  There is a lot of information and considerations to make when developing a plan and how to properly invest your money to reach your goals.  This includes keeping enough cash for known near-term expenses and an emergency fund for things you don't know will hit until they do.  

I'm here to help you figure it out.  It just takes a phone call or email.  Why wait?

Retirement Mistakes to Fix Before the Holidays

What do you need to do to plan for retirement?  Do you know how much you'll need, or what age you'd like to retire?  Do you have your beneficiaries set up correctly?  These questions and many more are great to ask ourselves while we wrap things up for the year.  It can seem inconvenient due to the holidays, but it's incredibly important to do so as well.  Even if you think you have these things taken care of, a review only helps.  You may go into a review thinking everything is ok, then discover something that does need updated or changed.  

See this guide for more details.  Don't wait until it's too late.  I'm here to help.

Could A Recession Be Just Around the Corner

We've heard a lot of talk about a possible recession around the corner.  Could we really be close to one?  It's tough to tell, but this expansion has lasted for quite a while, and the news that has had the market jittery could be the start of what tips us in that direction.  In my opinion, economists can forecast all they want, but we really won't know if we are in recession until we get two consecutive quarters of GDP contraction, which only tells us what has occurred in the past.

This link explains more about the events triggering the shaky market.  Because no one knows for sure, it pays to be diversified.  Contact me today for a free review of your portfolio.

Should You Lose Sleep Over the Yield Curve

We've seen much in the news this year about tariffs and interest rates.  In regard to interest rates, the news has centered around the Federal Reserve increasing their benchmark rate and effect it's having on the yield curve.  For those that don't know, the yield curve simply charts out the yields on different maturities of Treasury securities.  The fear is that if short-term rates rise above long-term rates, we'll have an inverted yield curve which has accurately predicted recessions in the past.  However, there are many variables to take into consideration.

That's just a simple overview.  Check out this explanation for more.  Because no one truly knows what will happen, staying diversified and sticking to your plan is the best course of action to take.  Contact me today to see if you are adequately diversified, develop a plan if you don't have one, or get a second opinion on your plan.

This Correction and Other Thoughts...

We've now had a couple rough months in the markets, with them falling from recent highs into correction territory a couple of times.  This coming off of several great years.  In reality, corrections and volatility returning shouldn't be all that surprising, but it can be a rude awakening.  In the spirit of year-end planning, it helps to go back and remember what your expectations were to start the year.  Doing so can help develop future plans, depending on what type of investor you are.  This piece provides some good advice for going forward, although I beg to differ that we've actually exited the correction.  Hopefully soon.

No matter what kind of investor you are or what your plans hold, I'm here to help.  Contact me today to learn how I can help you.