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Economic forecasts for 2023.

by Dave Conley on January 6, 2023.

Predicting the direction of the market is like predicting when you will hit the bulls-eye in a dart game. The majority of the time throughout market history, the markets have been rising. History shows that the chance of your money growing in a diversified portfolio of stocks and bonds is much like the odds of your next dart hitting any number on the dartboard... except the bulls-eye. If you are going to try and time the market by moving your money in and out, you have to ask yourself how confident are you that you can hit the bullseye when you do.

2023 Outlook for economy & investors

by Dave Conley on December 23, 2022.

Recessions are painful, no doubt about it. But they are necessary to clean out the excesses of prior growth periods... “You can’t have such a sustained period of growth without an occasional downturn to balance things out.”

Are you an investor… or a gambler?

by Dave Conley on December 9, 2022.

In simple terms, speculators are trying to out-smart the markets while investors simply participate in the markets. The investment time horizon is also a very important factor as speculation tends to be over the short-term while investing is over the long-term.

Stress or Distress ? The difference is your perception.

by Dave Conley on December 2, 2022.

The S&P 500 or the Dow Jones Industrial Average are not reality. Reality is not price-to-earnings ratios and technical market studies. Symbols on the computer screen are not the real world. In the real world, companies create wealth. Stock certificates don’t. Stock certificates are simply proxies for reality.

Recessions – What, When, How, Why.

by Dave Conley on November 18, 2022.

The general economic model of a recession is that when unemployment rises, consumers are more likely to save than spend. This places pressure on businesses that rely on consumers’ income being spent. As a result, company earnings and stock prices decline, which can fuel a negative cycle of economic decline and negative expectations of returns.

Which Path is Correct?

by Randy Chalmers on October 14, 2022.

I’ve been asked many times “if Dave Ramsey says to fund a Roth IRA, why would I ever choose a traditional IRA”? Well, much like any advice, there is no absolute in reference to what will work best for everyone in every situation.    Let’s examine the main characteristics of both types of IRAs. As...

Why are we surprised when things change?

by Dave Conley on October 7, 2022.

We so desperately try to nail down certainty in every area of our life but this pesky thing known as reality gets in our way. The realities of life refuse to conform to our desire for certainty. We make plans for our lives and then reality "happens" and throws a monkey wrench into our plans.

People haven’t been this negative about the economy & investing since 2010.

by Dave Conley on September 30, 2022.

Just like we do not know when we are in a recession (until after it has started), the markets begin their recovery in the midst of bad news. It is critical top your wealth to understand this fact: the markets (stocks & bonds) typically reflect where the economy is headed in 3-6 months from today. If you wait for the news to tell you the markets have recovered, the economy has turned around you probably missed out on a good portion of the initial recovery.

What are you afraid of ?

by Dave Conley on September 23, 2022.

Most of us make the same mistake with our money over and over: We buy high (when the economy and markets are up) out of greed and sell low (when the economy and markets are down) out of fear, despite knowing on an intellectual level that it is a very bad idea.

I Don’t Want to Lose Money! What Does that Mean?

by Dave Conley on September 1, 2022.

$10,000 is still $10,000 = Capital Preservation $10,000 still buys what it did = Purchasing Power Preservation The distinction is vital to your long-term wealth! Not a month goes by that we do not have a call where someone inquires about investing and includes the phrase, “but I don’t want to lose my money“. The...