Forest for the Trees – Strategy #2: Manage Market Risks

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In our last Financial TIP, we described why most investors should ignore the never-ending onslaught of unpredictable financial news and focus on three strategies that can be much more readily managed. At least once you know they are there these potent strategies include:

  1. Being present
  2. Managing for market risks
  3. Controlling costs

 Strategy #2: Managing for Market Risks

 

Why take on more risk than you need.

There is no getting around the fact that the market does not deliver rewarding ...

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Forest for the Trees – Investment Strategy #1: Being Present

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We have all heard the idiom that someone “can’t see the forest for the trees”. This means that they are so involved with the details of a situation that they lose sight of the larger issue. This idiom also applies to investment strategies. Let me explain; if you have ever created a power point slide you understand that white space is just as important as the printed word. When viewing an illustration, we typically pay the most ...

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How Bad Market News is not as Bad as it Initially Appears

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I wanted to reach out and help you put today’s market news in its proper perspective, especially when the media is reporting particularly steep, global market declines in a vacuum.

If you are okay with ignoring the current headlines and going about your business according to your carefully developed Investment Policy Statement, feel free to continue as you were. Unless you would like to revisit your own risk tolerances or individual financial goals, none of our advice about ...

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Financial Check-up

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I am turning 50 this year and my doctor informed me it was time for that checkup…

What if I asked the question: Have you had a financial check-up lately? How many individuals would even know what I am talking about, or how to begin?

Your financial check-up should include the following 5 questions:

    1. Have you prepared {updated} a financial plan
    2. Do you know your risk tolerance score
    3. When was the last time you reviewed your investments
    4. Have you ...
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