Article

2020-03-19 Economy

I'm a financial planner, and I'm giving all my clients the same advice for investing while the market is down: Think about how your decision will feel in 2023

[Business Insider] In my 20-year career as a financial planner, I have often been asked for advice on where to invest and what to buy.

But today, during this global pandemic, things are different. I am being asked not so much what to buy, but what to do with existing investments. And the answer is not so obvious this time.

To have a universal answer that will apply to all is impossible. Imagine your portfolio is cut by 50%, can you stomach that? If the answer is no, it does not matter what I say about long-term investing, Markowitz theory, or historical market turnarounds. If you are not 100% comfortable, you will never stop doubting your decisions.

This is why my one piece of advice is to think about what the consequences of your decisions will be in 2023.

There are some basics you should consider when taking this advice.

Posted by Besoeker 2020-03-19 08:36|| || Front Page|| [11130 views ] Top

#1 She's a lot cuter than Cramer, but I'm still holding out for the Money Honey.

Posted by Matt 2020-03-19 09:11|| 2020-03-19 09:11|| Front Page Top

#2 Bogle - “common sense on mutual funds” 10% earnings - 3.5%Inflation - 3% sales frothing - 2.0% investment advisor = 1.5% return. Cut out the financial advisor and their company and you make a lot more. “YOU CANT BEAT THE MARKET”

Posted by Pliny Grumble7994 2020-03-19 09:23|| 2020-03-19 09:23|| Front Page Top

#3 She has 20-year career as a financial planner?

Posted by g(r)omgoru 2020-03-19 11:58|| 2020-03-19 11:58|| Front Page Top

09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker
05:28 Whiskey Mike
05:23 Whiskey Mike