…you can’t have the other.
Market Turmoil: Three Things You Must Do Today
Today’s market action was much worse than Friday’s (or insert a new date here), which was the worst day since early 2014. Here are three steps you must take TODAY after the mini “crash” in stocks: 1) 2) 3) In case you didn’t pick up on the joke, you need to do nothing, definitely nothing and especially nothing. This doesn’t change your goals, it doesn’t change the outlook for a long-term focused diversified portfolio and it certainly shouldn’t cause you to lose any sleep if you’re allocated properly. Volatility is actually a huge relief …
Brokers are Bogeys
Do I play with custom, self-branded golf tees with cheesy slogans on them? Yes, I do.
Thank You, Greece
Markets reacted poorly to news out of Greece today. The country’s financial struggle has essentially been a practical joke for five years. Thankfully, the details don’t really matter to your portfolio. Just like the details don’t matter when conflict in the Middle East flares up, as it perpetually does. Just like they don’t matter when other small countries get into trouble and the dreaded “d” word comes into play (default). Just like they don’t matter when a new disease shows promise of ravaging the entire world (but never does). Show me a globe and a blindfold and wherever I lay a finger on land will reveal a country whose drama has roiled markets at one point in history. Today, it’s Greece. Next …
Are You Ready for Your Portfolio’s Dustin Johnson Moment?
Life is 10% what happens to you and 90% how you react to it. -Charles R. Swindoll I’m a huge fan of golf. It’s about the only stereotypical “financial professional” trait I have. I don’t sport a suit, I’ve never earned a commission and, hell, I don’t even have an office – but I do love me some golf. Last weekend, the USGA brought our nation’s championship, the US Open, to the Pacific Northwest at Chambers Bay in Pierce County. This is like having your town host the Super Bowl so naturally I had to be there for at least one day. I was in full-on, giddy golf nerd mode. (Pictures at the bottom of this post!) The big story out …