Now That I Am Retired, How Do I Craft an Estate Plan?
Estate planning is time-consuming and uncovers situations and questions that you may have not thought of before. Mark Whitaker introduces several questions you should be asking as you are in the process of estate planning. Mark also emphasizes the importance of clear communication during this time as well as reviewing your estate plan often.
Equities are too Risky and Should be Avoided: Grand Illusion #4
The final investing myth, or grand illusion, that Scott Peterson covers is on if equities are too risky and should be avoided. The main focus of this blog is on the bear and bull markets and how they have performed. Make sure to visit the other three grand illusion blogs located at the end of this blog.
Past Performance Does Not Guarantee Future Results – Grand Illusion #3
You probably know someone who loves to use the phrase “back in high school”, and if you don’t maybe you’re the one who says it. The third grand illusion is on the topic of how your past performance does not mean will always perform the same way in the future. This is not only attributable to daily life, but also in the stock market.
The myth of “Timing the Market” – Grand Illusion #1
In his four-part series of introducing grand illusions for your financial planning, Scott Peterson starts off by talking about timing the market. Scott introduces the question ‘Can you really outperform the stock market average?’ and dives into why timing the market is a myth.
Do Actively Managed PortfoliosBeat the Market? – Grand Illusion #2
Coming of the first grand illusion on market timing, Scott Peterson follows up the second grand illusion on if actively managed portfolios beat the market. Within the second investment myth, Scott specifically talks about Warren Buffet and his timely investing strategies as well as who benefits from actively managed portfolios.