New Walls of Worry
"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves"
"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves"
Lost among all the competing news is national debt statistics like these: $34 Trillion in national debt. That equates to almost $102,000 for every citizen in this country! That debt is largely in the form of outstanding bonds with interest which now averages about 3.15 percent – up from 1.56 percent in January 2022.
“Coulda-woulda-shoulda” stories investors tell themselves are critical aspects of how markets function and why they sometimes behave “irrationally”.
As you put bows on presents you are wrapping for others – don’t forget to put a bow on your taxes for 2023! Here’s a list of things you can do between now and the end of the year to either reduce taxes or put yourself in a better position financially going into 2024:
I’ve listened to Dave Ramsey's show many times over the years. While I agree with the majority of the things Dave teaches, there is one area that has always stuck out to me as curious. It’s his investment advice.
As I look back over the years I have worked with clients there have been significant things to be concerned with every year - and most of the time we have multiple important concurrent reasons to fret. Sources of angst vary by person, but broad categories include politics, geopolitics, valuations, natural disasters, wars, financial disasters, etc...