Market Downturns: Always Common / Sometimes Painful
If you’ve paid any attention to the news recently, you can’t escape the coverage of the stock market and how it started 2016 by retreating back to levels not seen since last August. > SEE MORE
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Waypoint Wealth Management
What’s all the fuss with the Fed (and what does it mean for you)?
Since December 2008, the U.S. Federal Reserve (the Fed) has held the federal funds rate at zero percent, seeking to bolster an ailing economy in the aftermath of the Great Recession. Economists agree that the position is unusual, and highly unlikely to go on forever. Then again, they’ve been agreeing on that for seven years. Each year, the Fed has had eight opportunities to ease into rate increases, and they haven’t yet. > SEE MORE
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Waypoint Wealth Management
With Short-Term Goals, Go For a Bird in the Hand
A friend of mine recently sold his house. It will be a few years before he’ll buy another one. Because the house was worth a lot more than what he and his wife owed the bank on their mortgage, they are now sitting on a pile of money and wondering what to do with it.
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Waypoint Wealth Management
An Investment Lifeboat Drill Now Can Help Weather Future Disaster
Calm water makes a lifeboat drill much easier. We aren’t fighting the waves or the fear we feel during an emergency. Still, if the worst happens, and the drill becomes reality, at least we’ve rehearsed. We’ll know exactly what we are supposed do.
With the markets relatively calm, now is the perfect time for an investor lifeboat drill. But to get the most out of this drill we need to remember how we felt seven years ago when the markets were getting scary.
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Waypoint Wealth Management
What Letterman Can Teach Investors About Financial Planning
On Wednesday, David Letterman will say goodnight to his national TV audience for a final time. It will cap a remarkable run, one spanning 32 years and more than 6,000 episodes. To last that long, of course, you have to have scores of fans, be it diehard or casual. But even if you don’t like Letterman’s sometimes acerbic style, preferred his longtime rival Jay Leno or spend your late-night hours sleeping instead of watching TV, you still can appreciate the formula for the popularity and longevity of Letterman’s show: develop a good plan, stick to it.
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