All tagged San Luis Obispo Business Advisor
Eric Maldonado, CFP®, MBA, recently spoke at a webinar entitled: How Small Businesses Can Be Profitable in the Midst of Inflation. He helped viewers better understand their business finances, implement a process for maximizing business cash flow, and how to grow business profits. Click on the image to access the video reply.
Markets rallied in relief on some better-than-expected data on Friday.1 It was a bright spot in what has seemed like a relentless parade of bad news.
But the Dow, S&P 500, and Nasdaq still all closed out the week with losses.1
Is this the bottom of the bear market?
Maybe. Or maybe we’re somewhere in the middle with the loop-the-loops.
First, what is a bear market? It’s when stocks have dropped more than 20% from their last peak.
So yes, in some sectors, we are in a bear market territory.(1)
But, as of this writing, the broader S&P 500 has not entered a bear market. It’s possible it will, especially in this environment, but it hasn’t yet.
So, let’s remember goals-based investors with a financial plan are not day traders.
We’re long-term investors, and the day-to-day and week-to-week gyrations aren’t as important as what happens over years. What’s more important are the values, objectives, and time frames that have been laid out in your financial plan, in advance. If the financial plan doesn’t change, or your personal goals don’t change, then the investments don’t change.
Here’s a quick chart showing just how common big market drops are:
May 2022 bring us peace, prosperity, and a whole lotta love.
And some greater certainty about what lies ahead.
You're probably seeing an endless parade of emails, listicles, and thought pieces loaded with predictions for 2022.
Will these predictions be right?
Probably some of them.
Will they be wrong?
Almost certainly.
As another eventful year comes to a close, I’d like to offer a heartfelt “thank you” for allowing us here at Aquila Wealth Advisors, LLC to have an impact on your financial independence and business ownership journey.
2021 was another year of uncertainty, but also a year where the indomitable human spirit shined.
There's a lot we can't control about the future, but we can control a few things.
As we usher in a new year with great expectations, here are some things to focus on:
Embracing Your Vision
