Budget

Amid the bad news piling up from COVID-19, one positive development emerged on March 13th; interest on federal student loans would be waived until further notice. 

Riding the highs, and experiencing the lows, it is the way of the investment market. However, what if we told you that the key to sound and quality investing is learning how to keep cool when the market is in turmoil? In this article, we look at some of the techniques that can help you manage your emotions and expectations during market uncertainty.

During this difficult time when many of us are working from home, I would like to assure you that the team at Robert Gordon & Associates is here to support you in any way.

We want to pass along a few resources for you and your loved ones. 

Grocery Delivery Services:

We sent this letter out to our clients last Thursday, March 12th. As the situation progresses, the temporary losses in the market continue and there are more people getting infected by the virus every day. In the latest attempt to curtail the spread, the President is advising against groups of 10 or more people.

You've probably heard of an alpha wolf, but what about an alpha manager? This is the kind of financial adviser that everyone planning an estate should be working with.

We meet with retirees and pre-retirees every week, many of whom tell us they have been "working with a retirement-planning firm for years." Yet, when we dig into their "plan," there is often not much more than a diversified pie chart of stocks, bonds and mutual funds.

Being realistic about investment performance will help you stay on track.

In an ideal world, would you prefer your investments to perform worse than expected, as expected, or better than expected?

I suspect, for both the short and the long term, you’d prefer them to do better than expected.

Have you made any resolutions for New Year’s?

Not only do we have to break the habit of writing 2019, when we really mean 2020, but the dawn of a new decade also creates a unique opportunity for scammers.

How exactly, you ask?

It can be both fun and educational for your kids.

When it comes to teaching children about money, you should get them involved early…as young as 7 or 8 years of age. Have them help with the bill paying. Expose them to preparing your tax return. And, if you have the money, set up a brokerage account for them. Let them pick a stock or two.