Mid-Year Financial Checkup: 6 Things to Do Now
The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward.
Cash Flow and Survival Mode: Planning for Hard Times
The COVID-19 pandemic has caused an interruption in income for many—not just business owners, but for families as well. It’s nearly safe to say no one expected for cash flow to dry up across the board. While the market has recovered the majority of what it initially lost, businesses and individual investors are still in…
Investor Psychology: 6 Behavioral Biases That Can Lead to Costly Mistakes
It can be difficult to act rationally when your financial future is at stake, especially when unexpected events like COVID-19 upset the markets.
Overcoming Loss Aversion and the Desire to Sell When the Market is Down
If we were playing a game and were to offer you a choice of a sure win of $50 or, on the toss of a coin, a chance to win $100 or nothing, while the probabilistic outcome (50% probability of $0 plus the 50% probability of $100) you would likely choose the guaranteed $50 according to scientific studies. After all, it’s a sure thing—you win. But let’s say we change the rules in the second round, and we offer you a sure loss of $50 or, on the toss of a coin, the chance to lose $100 or lose nothing at all, again the same -$50 probabilistic outcome. What would you pick?
Holding Equities for the Long Term: Time vs. Timing
We explain why investing with an eye to the long term is particularly important with stocks.
Creating an Emergency Fund to Help You Weather a Storm Like COVID-19
Creating an emergency fund is unfortunately not a passive enterprise—but over time, it can provide the savings you need to weather nearly anything that life happens to throw at you.
Control Your Finances
Bil Lako, CFP®, explains when the market is tumbling the one thing you can do is control your cash flow and refinance your home mortgage.
Coping with Market Volatility: Be Willing to Take Advantage of Market Downturns
A volatile market is never easy to endure but learning from it can better prepare you and your portfolio to weather and take advantage of the market’s ups and downs.
Self-Employed and Independent Contractors Qualify for Unemployment Benefits
Under the CARES Act, unemployment benefits are now available for self-employed individuals, independent contractors and others who are unable to work because of the coronavirus emergency.
Coping with Market Volatility: Could This Be a Chance to Rebalance at a Discount?
Have you considered rebalancing your portfolio to help deal with a volatile market?