Imagine you’re about to set out on a road trip. You would absolutely need to have an idea of where you wanted to go – north, south, east, or west. You would have to work within the confines of how much time you had for this trip – that would determine how far you could go. Your financial goals are no different than that road trip; failing to plan means planning to fail. Even if you haven’t given retirement much thought, in terms of what it looks like and feels like, chances are Read on...
A Plan to Overcome Panic Paralysis
The first time I discovered the power of panic paralysis, my husband and I were on the verge of moving out of a one-bedroom apartment and buying our first home. We had been aggressively saving to buy our freedom from our landlord. I liked stock-pile mode: we controlled it; and it was relatively simple – we put aside as much money as we could and we were able to go at our own pace. We were building something, together. But the prospects of turning all that money over made me feel beholden Read on...
Learn the Game Before You Get Played
When Tony and I started our registered investment advisory firm back in 2002, we had a clear idea of who would be walking through the door. There was no shortage of former amateur day-traders with the powder burns from the technology stock blow-up still on their hands. Certainly that's who would come piling through our door. Boy, were we wrong. The vast majority of people with investing horror stories came to us from the hands of "investment professionals." People who should have known Read on...