The Mets game last night is a great example of the saying “it’s not about how you start, but about how you finish”. Floundering offensively all night, they were able to score 5 runs in the 10th inning to win.
The same can be said for your portfolios this year. If you haven’t panicked and sold yet, it’s not about how the year began, but about where it can finish at the end of the year! Hang in there!
Here’s what I’ve been reading this morning:
‘How Much Cash You Need For a Recession According to Advisors’ – Kate Dore – CNBC
- Americans got a rude awakening about their lack of emergency savings during the early stages of the pandemic. Now with recession worries looming, Americans are feeling the pressure about their cash on hand once again. This article discusses how much cash to keep on hand if you’re uncomfortable.
‘How to Peek at Your 401(k) Without Freaking Out’ – Anne Tergesen – The Wall Street Journal
- Without looking at your 401(k), it’s a pretty safe assumption that the balance is lower than it was at the beginning of 2022. This article discusses the ways to NOT freak when checking your account balance. Checking frequently can lead to emotional decisions and worse performance.
‘Three Reasons Home Buyers are Considering Adjustable-Rate Mortgages’ – Veronica Dagher – The Wall Street Journal
- With rates so low for so long, it’s been a while since adjustable-rate mortgages gained any kind of popularity. However, this article talks about why these types of mortgages are starting to gain more interest from new homebuyers.
‘On the Inevitability of Bear Markets’ – Ben Carlson – A Wealth of Common Sense
- Without bear markets, there would be no such thing as a bull market. Bear markets are necessary and inevitable. Ben discusses why that’s the case in his latest post!