I’ve been in ongoing “negotiations” with my 10-year-old daughter about whether she can have an Apple Watch, iPad, or iPhone. There is no quit in this child. When my wife and I say no to the watch, she pivots to the iPad. When we say no to the iPad, she asks for the phone. Around and around, we go.
Recently, after yet another Apple Watch request, I decided to have a little fun. I said, “We’re not buying you a watch, but how about some Apple stock instead?” Her reaction was about what you’d expect: arms crossed, eyes rolled. She asked, “What even is stock anyway?”
I explained that owning stock means owning a piece of the actual company. She told me that made no sense, reminded me it wouldn’t help her text her friends, and stomped off to her room.
The recording of our webinar on navigating changing market conditions is now available.
Whether or not you’ve engaged a financial advisor, almost all investors have inevitably heard the term “stay the course” at one point in time. Advisors recognize that this is not always the most comforting thing to hear. After all, doing nothing when you feel a market correction coming can be nerve-wracking, as can sticking to your strategic plan when the market is surging higher.
On Thursday, March 11th at 12:00 PM CT, SWP wealth team members Michael Karmin, AJ Price and Adam Rudolph held a complimentary webinar to outline some things you can do to take advantage of potential changes in both the markets and current tax policies. Specifically, we covered:
- Portfolio adjustments you can make while “staying the course”
- Planning strategies to “make lemonade out of lemons” during market corrections
- Ways to take advantage of potential policy changes proposed by the current administration
- How to get the most out of the current tax environment
