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.
This is the best article I've read all week, so I thought I'd share it. It's a Forbes article about Chuck Feeney, 89, a billionaire who gave all his money away and couldn't be happier.
It's an inspiring story. He co-founded Duty-Free Shoppers, the airport retailer, in 1960. He made billions, lived frugally, and gave nearly $8 billion to charities anonymously.
He promotes "Giving While Living" versus funding a foundation at death.
I hope it brings a little "fresh air" to your week.
Eric Maldonado, CFP®, MBA
Aquila Wealth Advisors
(805)250-4552 | eric@aquilawealth.com | www.AquilaWealth.com
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.
How does one safeguard their retirement future during these uncertain times?
Here’s a helpful and FREE pdf guide download that will help you with:
3 simple steps to help protect your cash-flow, assets, and mindset.
A couple of common financial mistakes to avoid.
The first step to clearing the fog of uncertainty.
Retirement During Uncertain Times — Free PDF Guide Download
Upon reading this, feel free to reach out to us with any questions or to schedule a free and confidential Retirement Readiness Session.
Hi, Eric Maldonado here with Aquila Wealth Advisors.
Here is a timely question I’ve heard often, “Should I refinance my mortgage?” In this article, I’m going to walk you through the key questions you need to answer to make an informed decision.
Quick Summary
If you purchased your house when interest rates were higher than current record lows, you might be wondering: should I refinance?
You’d think the answer would be simple: a lower interest rate is better, right?
However, the right choice depends on your situation. And with the way fees and mortgage interest work, a refinance can be a bad deal.
Here are 4 key considerations
…
When creating a financial plan, it's essential to start with getting clear on your values. What does that mean? It means you are beginning with the foundation of what makes you "YOU." When it comes to money, we all have our way of dealing with it. It has been said, "Personal finance is more personal than it is finance." Everybody has a unique first memory of money. Everybody has a unique style when handling their money because of their upbringing and life experiences. Everyone thinks about money in their way, which then impacts how they deal with it. So, it's crucial to spend time thinking about what money means to you and why it's important to you. Your values will be the driver of your goals, which drives your action items within your financial plan.
…
In this month's newsletter, we look at the power of gratitude in uncertain times.
When we appreciate the good things we have in life, we can weather stress far better.
Eric Maldonado, CFP®, MBA
Aquila Wealth Advisors
Here's some good news I'd like to pass along for this week:
A New Jersey hospital once described as a “war zone” now has zero COVID-19 patients.
17 COVID-19 vaccines are in human trials. At least one may be ready for approval by the end of 2020.
250 million trees were recently planted in northern India.
Uplifting stories are out there; I just thought I'd pass a few along.
Full Time.com article: https://time.com/nextadvisor/banking/savings/how-much-should-you-have-in-emergency-savings/
Eric Maldonado, CFP, a financial advisor at Aquila Wealth Advisors in San Luis Obispo, California, also recommends an emergency fund buffer of six to 12 month of expenses.
“This becomes your stress valve,” he says. “You want to be able to make big life decisions based on what you value most. If you don’t have enough cash on hand, you end up having to make hasty decisions due to time constraints.”
And ultimately, that’s what your emergency is built for: peace of mind.
