According to a new Winthrop University survey, 40% of the retired people in SC are living below the level that they would like.
Wall Street Steward Blog
Dow 3,000! The end is near!! Get out while you still have time! Now that we have gotten the scare tactics out of the way, let’s have a knowledgeable conversation.
Great video piece describing the mindset of investors and using the analogy of a shark attack. Thank you Franklin Templeton for this – helps keep things in perspective.
You’ve undoubtedly heard the phrase “opinions are like @$$**%&$, everybody has one.” This could not be truer than in the financial planning profession.
When you think of investment risk, what comes to mind? For most people, it is the potential of losing their money. You know the drill – you invest $10,000 and almost immediately it plummets to $8,000.
One of the cornerstones of managing money is a concept called “diversification.” Although you can read the textbook definition of the term, I prefer to use real world language to explain this concept:
Today, we’re going to talk about the most important aspect of investing, if you ask me. What is your risk tolerance? What is your number? I use a 1 to 5 scale. I’ll be the first to say my way is not perfect. It’s not the only way. I’m trying not to pick my nose here. It’s not perfect, alright? But, it’s worked for me for the last ten to twelve-fifteen years. And, it’s very simple. It’s very easy to articulate. I have seen it as a good judge of actually judging what someone’s true risk is.