Following a relatively calm period, the stock market has been increasingly volatile in recent weeks. Its decline has many investors wondering what’s in store for their portfolio. Fortunately, volatility is a normal part of investing, especially in stocks.
Data shows that on average, stock markets have similar returns after highs and lows. Therefore, the recent market changes show little indication of how it will perform in the future. Instead of increased anxiety, investors should experience appreciation for market volatility, as it reflects changes in capital markets.
As the magic of the Olympics is enjoyed around the world, one can only wonder what these amazing athletes do after their quest for gold. Following years of endurance and dedication, some have built sustainable wealth for themselves. This is a great accomplishment, however, for those who make bad financial decisions or unfortunately endure injury, this asset can be depleted very quickly.
With big dreams and little time, it’s imperative that athletes rely on one of their greatest resources, a financial advisor. Their similar characteristics of perseverance and commitment make financial advisors the best coach in proactively managing money. Interestingly enough, some former Olympians have become financial advisors because of the powerful financial lessons they learned throughout their pursuit of the coveted gold medal.
Whether you’re an athlete or not, the right financial advisor can assist you in making big decisions related to your wealth. As you embark on or continue your personal quest for gold, make sure you have one to guide you along the way.
Amidst current events and changing trends, fulfillment has become quite a buzz word in the financial community. As fiduciaries and their clients work together to achieve financial goals, the goal of fulfillment often comes into play. While building wealth and making decisions are both important factors in financial planning, our tagline of translating wealth into fulfillment is one of the most important.
The purpose of a financial advisor is to create an environment in which people feel more fulfilled. Money management isn’t necessarily fulfilling, but the moments along the way are what can lead to a fulfilled life. Instead of worrying about saving money, why not rely on your advisor’s plan and use what you can to create a life of memories? By being both present and in the moment, you can find your best and most fulfilled self. This article says that “when you're immersed in the present moment, your productivity and happiness will skyrocket.”
Through enlightenment and a strong relationship with your fiduciary, you can discover a plan that provides peace of mind, and ultimately aids you in translating wealth into fulfillment.
As the number of 401(k) savings accounts with a balance of $1 million or more increases, the behavior among investors has changed. Almost 30 percent of savers increased their contribution rate last year, giving financial services company Fidelity its highest average 401(k) contribution rate in almost a decade. The rate of female 401(k) millionaires has also increased significantly in recent years, climbing 10 percent in 12 years.
These positive trends are exciting, but even 401(k) millionaires may not yet be ready for retirement. Returns have been high for those with a 401(k) invested in the stock market, but the financial crisis of 2008 should remind us of how quickly trends can change. Instead of taking money out in response to the momentum, investors may benefit more from continuing to save. An investment account with a proper allocation of stocks, bonds, and different asset classes can also help mitigate risk. Consider your financial plan now to help guide you towards retirement.
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