As an investment advisor, I like to draw comparisons to personal finance quite a bit. Think of the baseball season like your financial life. Just because you start out poorly doesn’t mean you’ll end up that way. The opposite is also true. The Mets were in first place for 3 months this season, and have now secured a losing record and have been eliminated from playoff contention. As much as good financial decisions can turn around a rough start, bad financial decisions can derail a promising start. Be careful out there!
Here’s what I’ve been reading this morning:
‘Investing Decisions: Should You Follow the Trend?’ – Mullooly Asset Podcast
- In this week’s podcast episode, the guys discuss making investing decisions and why following the latest and greatest trends might not be the best strategy. They cover everything from historical market context over the last twenty years, to how to construct a portfolio with a client’s best interest in mind.
‘Inflation in Time & Inconvenience’ – Ben Carlson – A Wealth of Common Sense
- The pandemic caused a ton of ripples throughout the economy over the last few years, and we’ve seen prices for some industries rise with inflation. Ben writes about how we’re starting to experience inflation in time and inconvenience as well.
‘The Stock Market Doesn’t Always Make Sense: Apple Edition’ – Mullooly Asset Show
- With the release of Apple’s new iPhone 13, we wanted to take this opportunity to remind folks that the stock market doesn’t always do what we think it should. In this week’s video, Casey highlights how investor’s expectations can often mislead them.
‘The Value of a Sense of Security’ – Robin Powell – The Evidence Based Investor
- The latest in a series outlining why folks should consider paying for financial advice, Robin highlights how a sense of security can be extremely valuable. Working with an advisor can help you feel secure in more ways than one.