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.
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.
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.