Please tune in to hear our commentary on what someone looking for an advisor to work with should be asking first.
All tagged Eric Maldonado CFP MBA
Please tune in to hear our commentary on what someone looking for an advisor to work with should be asking first.
In today’s video we tackle the questions:
What are current high-yield savings rates?
How do they compare to investing in the stock market?
What are some considerations with deciding whether to invest in a high-yield savings account or the stock market?
Is now the time to invest in the stock market due to high inflation?
Are high-yield savings account too good to pass up?
We were featured and interviewed for The Wall Street Journal in an article entitled:
Here’s the link to the article: https://www.wsj.com/articles/bitcoin-in-your-401-k-is-that-a-good-idea-11651291205
Markets gifted us with another burst of volatility and headlines are looking apocalyptic again.
Some folks might think it's time to bail on markets, but I'll tell you why that thinking is a mistake.
First, let's peel back some layers to explore what's driving markets. (Want to discuss any concerns directly? Just Contact Us.)
A number of economists think that a recession may be on the horizon.(1)
The latest forecast by the International Monetary Fund predicts that Russia's invasion of Ukraine is going to take a chunk out of global growth this year and next.(2)
Fannie Mae is forecasting slowing growth in 2022 and a recession in 2023.(3)
When multiple forecasts start pointing in the same general direction, it’s worth paying attention.
So, what do we do with that information right now?
Do we panic and freak out? Bail on our investment strategies to head off losses?
Nope.
You’ll often hear folks like me say that investors or markets “hate uncertainty.”
And that causes market drops and volatility.
Why do we hate uncertainty so much?
And how can we look past initial reactions and embrace the power of uncertainty?
I made a short video discussing 3 secrets to embracing the power hiding inside uncertainty.
If I were still in college, here are 3 ways I'd prepare for a career in financial planning.
Eric Maldonado, CFP®, MBA Owner, Aquila Wealth Advisors, LLC
info@aquilawealth.com
Located in San Luis Obispo, CA
https://www.aquilawealth.com/
Contact Us: https://www.aquilawealth.com/contact-us
What’s the number one mistake investors make when markets decline?
Selling in haste.(1) It’s an emotional reaction to the surprise of a correction.
And it usually trades one problem for another—it replaces fear with seller’s remorse.(2)
You can avoid all of that if you know the facts about market corrections.
This month’s Visual Insights Newsletter highlights what you need to know about market corrections, so they don’t rattle you.
How often do you wish you could go back to simpler times?
41% of us say life is worse today than it was 50 years ago.(1)
Experts disagree, though. They say now is the greatest time in history to be alive.
We look at why life today is better than ever in this month's newsletter, view it here.
I hope you receive some perspective from it.