by Dave Conley on September 16, 2022.
Each and every month we get a question that is similar to the statement above. The questions are sincere but based on the assumption that one can invest in the markets painlessly. What I mean by that is I can get marketlike returns when the market is going up, then jump out of the market...
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...
by Michelle McEachin on August 30, 2022.
We all work hard. Some of us work four 10-hour days. Some work five 8-hour days. Some choose to work 12-hour days all the time. But whatever you do… you put in labor and expect a fair return for your effort. You use that return to plan, budget, and live life to the fullest. Back...
by Dave Conley on August 26, 2022.
Who do you think you’ll be in a year? 5 years? 20 years? One of the big problems with setting goals, especially financial ones, is that we’re struggle with imagining our future selves. Remember what you imagined you’d be as an adult when you were a kid. I’m guessing there are some gaps between that dream and your current reality. When we talk about financial goals, we’re often talking about long timeframes.
by Dave Conley on August 19, 2022.
“We say WHAT we do, we sometimes say HOW we do it, but we rarely say WHY we do WHAT we do.” Simon Sinek Financial peace is not a number and wealth is about more than money. Let’s agree on a core truth, sufficient resources (time, health, money) are all needed for financial peace, but...
by Dave Conley on August 5, 2022.
We only have so much time, energy, and attention. So how do we decide where to place our focus? To figure out the answer to that question, think about what you are focusing on (fretting over). Now ask yourself two questions: 1. Does it matter? 2. Can I control it?
by Dave Conley on July 29, 2022.
The current episode of Fed tightening that we are living through is fundamentally different from all the others. Why? The excess money creation that fueled the surge in inflation over the past year was a one-off event that was tied directly to the trillions of dollars of fiscal "stimulus" that our politicians pumped into the economy in the wake of the COVID lockdowns. Two years ago, the renowned economist Scott Grannis said "The shutdown of the US economy will prove to be the most expensive self-inflicted injury in the history of mankind."
by Dave Conley on July 11, 2022.
While market optimists are scarce these days and the list of investor concerns is long, there are several historical patterns that provide reasons for optimism as the second half of 2022 gets underway. First is stocks’ record of strong bouncebacks from big two-quarter drops. The average gain over the next sixth months after the biggest...