Three Questions I’d Ask About Downturns

Stock markets have sold off this year, from what primarily looks like the fear around Russia invading Ukraine. There is also news of higher inflation (after decades of low inflation), as well as interest rates and some other headlines. Recently, the driving force seems to be Russia, however.

So far, what we’re seeing is a very normal type of pullback. As long-term investors, we need to expect downturns from time to time, and this is nothing outside of normal.

However, if this is giving you worry in any way, here are three questions to ask yourself:

 

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Pete Dixon, CFP®

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Pete Dixon, CFP®

Partner and Advisor

Does Money = Happiness?

Any new year is often a time to reflect on what’s important to you. Financial and investment planning is obviously money-focused. But I’ve been thinking about my client conversations over the years and how the focus of those conversations really are about the things that bring you happiness. Is it the money that does it? Or is it what that money affords us? And at what points do we have enough?

 

 

Eighteenth-century Swiss philosopher Jean-Jacques Rousseau said, “The money you have gives you freedom; the money you pursue enslaves you.” He clearly believed that money alone can’t guarantee our happiness, and many other philosophers, business moguls, and philanthropists both before and after his time would agree.

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Waypoint Wealth Management

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Waypoint Wealth Management

Six Things to Think About for Year-End 2021

With yesterday’s 72 degree day (here in Maryland) behind us and today’s 40-ish degrees setting in, it’s a fierce reminder that winter is coming; and that means another calendar year is coming to a close. That said, there’s still time to warm up that financial plan and position yourself to finish out the year well.

With that in mind, we thought it would be helpful to send along six financial “best practices” to do just that:

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Waypoint Wealth Management

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Waypoint Wealth Management

Pandemic Pivots

If the pandemic has proven anything, it’s that life-altering occasions—both those we experience firsthand and those that merely present themselves as possibilities—have the potential to uproot even the firmest of financial plans. Why? Because reminders of what’s most important to us—wake up calls about how we spend our time and, as an extension, our money—can and should trigger reevaluation of our plans for the future.

 

And although the exact nature of any pandemic-related changes to a financial plan will look different for everyone, a few common themes have surfaced over the last year and a half that are worth discussing with your advisor: > SEE MORE

Waypoint Wealth Management

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Waypoint Wealth Management

Those Ever-Changing Economic Conditions

It often feels like trying to predict where the economy is going is like throwing darts blindfolded. You can listen to ten different economists on any given day and get ten very diverse opinions on where the economy is headed. And what is happening in your state or hometown is often much different than what is happening in other regions of the country.

 

 

Supply and demand are key factors in pricing. Housing costs have increased significantly over the last couple years as we battle the COVID-19 pandemic. Because basic building costs have skyrocketed, homebuyers are looking for existing homes and the inventory is low. > SEE MORE

Waypoint Wealth Management

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Waypoint Wealth Management