by Dave Conley, CFP® on September 9, 2022.
Real long term financial risk is not loss of principal but erosion of purchasing power. To maintain the purchasing power of $100 from 1926 to 2022 you would need $1,674. $100 invested in the S&P 500 in 1926 would be worth $1,066,955 in 2022. These example above illustrates the REALLY long term erosion of purchasing...
by Dave Conley, CFP® 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 Dave Conley, CFP® 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.