First Plan, Then Invest Your financial plan is primary and dictates every part of your financial life, including investments. The plan tells us your goals, your current resources, your expected future resources, and your cash needs. From this basis, and only this basis, can we start making investment decisions. Before investing one cent in the […]
Read moreSo what is going to happen? Let’s get that out of the way right now. No one knows. Yes, there are those that say 100 million Americans will get the coronavirus and hundreds of thousands will die. There are those who think a few thousand people will die and this will all be a distant […]
Read moreBuy the rumor and sell high, because there’s no such thing as a free lunch. Prediction is difficult, but never catch a falling knife. Cut your losses, no one ever went broke taking profits. October is a peculiarly dangerous month to speculate in stock. The others are July, January, September, April, November, May, March, June, […]
Read moreSuccessful investors can predict changes in the markets, right? Wrong. Let’s look at the three most significant drops in stock prices during the past 25 years. On Monday, October 19, 1987, the Dow Jones Industrial Average fell 508 points, over 22%. Program trading, overvaluation, and market psychology may have played a role in the sudden […]
Read moreInvesting can seem intimidating and overwhelming. But you don’t have to just cross your fingers and hope for the best. 1. MANAGE YOUR EMOTIONS Behavior is a major factor in investment success. By being aware of your emotions and knowing your behavioral pitfalls, you can avoid many investment mistakes caused by panic. Finances are an […]
Read moreShore Financial Planning is a fee-only financial advisor based in Monmouth Beach, New Jersey. As a fee-only/commission-free/flat-fee financial planner, I do not sell products or collect commissions. I am a fiduciary financial planner that specializes in tax-focused planning as a CERTIFIED PUBLIC ACCOUNTANT (CPA), and CERTIFIED FINANCIAL PLANNER™ CFP® professional. I serve clients in New Jersey and remotely throughout the U.S.A.