Prioritize your money and your life with these key questions

One reason many people feel uncomfortable about their financial future is they have not developed a financial vision for themselves. Not having a plan can adversely affect how individuals spend or save their money.

Can your portfolio withstand market volatility?

We all know that the stock markets are volatile. Do you know how frequently market corrections occur? A decline of 5 percent or more typically occurs about three times a year. A market decline of 10 percent or more generally occurs about once a year. A market decline of 20 percent or more normally occurs about once every three and a half years. What we don’t know is when corrections will occur, how long they will last or how severe they will be. Therefore, it is very difficult to time market fluctuations successfully.

Ignore the headlines

Economic data is released, and the market goes up. Or it goes down. The consumer price index crept up by 0.2 percent in February after falling by 0.7 percent in January. The index’s modest increase matched the consensus estimate. The unemployment rate fell to 5.5 percent in February, the lowest it’s been since May 2008. […]

Good Reads

The BAM ALLIANCE’s National Thought Leaders share a common love of the written word, as they have used their books and blog posts to help educate and enlighten investors about the proponents of following an evidence-based approach. We asked five of our published authors — who collectively have written or co-written almost 30 books (and […]

Don’t confuse investment strategy with outcome

“Nothing can be more hurtful to the service, than the neglect of discipline; for that discipline, more than numbers, gives one army the superiority over another.” —George Washington

Where should you go for wealth management services?

Despite being in business for almost 13 years, Kraft Asset Management, LLC (KAM) is one of the best kept secrets in town. Still today, many clients of KraftCPAs PLLC (Kraft) don’t realize that the firm has an affiliated company that provides wealth management services.

Avoid decisions made under duress

Those who watch the investment markets saw the risks of investing in the stock market during the months of September and October. The broad market of American stocks, represented by the Wilshire 5000 Index—the broadest index of U.S. stocks—gave back 7.5 percent of its value from early September through the middle of October. The S&P […]

Make positive changes to increase happiness

By Dan Solin The following excerpts from Dan’s latest book, The Smartest Sales Book You’ll Ever Read, discuss how you have the power to increase your level of happiness. Do you really have the power to increase your happiness? Experts say yes. Sonja Lyubomirsky, a social psychologist and author of The How of Happiness: A Scientific Approach to Getting […]

Weather the markets’ ups and downs

Investors’ comfort levels have steadily risen along with the market as it has set dazzling new highs. Author Tim Maurer says that even as we enjoy the moment, it’s important that we not forget to remember.

Two tax pitfalls of mutual funds

Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in taxable accounts, or are considering such investments, beware of these two tax pitfalls: Mutual funds with high turnover rates can create income […]