We received great feedback on the articles we circulated earlier in the week, so we wanted to follow up with some more!
Here are five more pieces that additional team members have read, along with some commentary on why they found the respective articles interesting. Like the last set of articles, we’ve included pieces related to economics, investments, current events, and behavioral finance.
This article resonated with me because it isolates the biggest challenge we face as investors – ourselves. In this article, financial psychologist Dr. Brad Klontz provides helpful tips for managing your emotions during periods of volatility. “Go ahead and panic, but don’t panic about the fact that you’re panicking.” In other words, acknowledge your emotions, but don’t act on them.
While the media often tends to describe how people make fortunes from flashy investments, this article grabbed my attention as it shows the other side of the coin – how investors can fail. One significant point in this piece is that investors don’t save enough for taxes. It’s important to keep in mind the taxes you’ll owe from both portfolio and non-portfolio activity. I also enjoyed the point regarding the importance of reducing concentration risk. As the article says, “Concentration to get rich, but diversification to stay rich.”
There has been a lot of discussion about budget reconciliation and Build Back Better legislation in the past year. Many ways the administration looked to pay for the programs included modifications to retirement plan options such as Roth, Roth Conversions, and Back Door Roth contribution strategies. With many of those plans on hold and the budget ready for approval, some retirement plan changes are on hold. I enjoyed reading this overview of some of the things in the works.
It was relatively easy to be a stock market investor last year. Now amid volatility and geopolitical uncertainty, this article reminds us that we ‘won’t get equity-like returns with less than equity-like volatility.’ I like this article because it is a good reminder that we may not be able to control the news cycle or the markets, but we can control how we prepare our portfolios and how we plan to react to long-term investing success.
This article is more about human psychology than the markets, but I think it draws many parallels. Whether it’s inflation, sluggish market performance, or rising interest rates – they have all one thing in common: we can’t control them. Why do we think about these items if history has shown us that ‘this too shall pass’? Keeping a long-term mindset helps shape positive investing and daily life perspectives.
Conclusion:
Hopefully, these articles provide some insightful (and enjoyable!) weekend reading. We look forward to sharing more articles periodically throughout the year. In the meantime, as we mentioned earlier this week, if you’d like to discuss how the topics in these pieces may apply to your own portfolio, please do not hesitate to reach out to a member of our team.
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People often ask me, “is now the right time to get into the market?” If I had a crystal ball that told me when to buy and when to sell, I probably would not be writing this piece! With the highest inflation numbers since the 1980s, concerns about an economy potentially in recession, and the most prolonged downturn in stocks since the Great Financial Crisis, there is no question that investors have been challenged this year.
The good news is that there are always opportunities for long-term investors with the right plan.
Whether you are an experienced investor, have recently come into cash, or are new to the financial markets, below I discuss some things to consider when asking if now is the right time to invest.
This week has been another extremely turbulent one in the stock market. While it is never comforting to see large, red numbers, volatility can be even more uncomfortable for recent retirees or those considering retirement. A colleague of mine recently told me that he has seen more of his clients retire in the last two years than in his first ten years of working at SWP. This got me thinking a lot about the notion of retirement. Retirement is a huge life event and adding volatile markets can compound the feeling of uncertainty. In this article, I will share some of the concepts we have been discussing with our clients.
Strategic Wealth Partners is proud to be listed in the Milwaukee Business Journal’s Investment Management Firms ranking. The list is ranked by firm assets under management from December 31, 2021.
“We are so pleased to be included in this list of the largest investment advisors in the Milwaukee area. We first entered the Milwaukee market in 2018 because we saw tremendous potential to combine forces with some outstanding professionals,” says Principal and Co-Founder Neal Price. “Kathy Klein, Joe Thompson, and the entire Milwaukee team are best-in-class. We are excited to expand our presence and become the go-to firm for comprehensive wealth management services in the Milwaukee area.”
“Our success comes from a solid and loyal client base who believes in our personalized solutions. Our work on behalf of our clients is far-reaching, but it all comes down to our unique process that is client focused, manages complexity, delivers simplicity, and guides our clients to their goals,” states Wealth Advisor Kathy Klein.
Strategic Wealth Partners is an independently managed wealth management firm that has been partnering with clients since 2008 in Deerfield, IL, and since 2018 in Milwaukee, WI. For more information on services, please visit www.stratwealth.com.
