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wealth management

Deducing the Culprits Behind the Recent Market Volatility

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Paul Reback, President of Capital Estate AdvisorsHello volatility, my old friend.

By now, you’ve seen the headlines, full of scary-sounding words like rout and stormplunge and crash.  Whatever you want to call it, investors have certainly endured a rough time over the past few days.  The Dow, dominating the media’s coverage as usual, dropped more than 600 points on February 2, and almost 1,200 points on February 5.  That’s a single-day decline of 4.6%, the largest since 2011.  The other major indexes were shaky, too.

It’s been quite some time since we’ve seen volatility like this.  The S&P 500 skyrocketed almost 20% in 2017.  What was even more amazing last year was how calm and consistent the climb was.  Since the election, any declines have been mere blips on the radar screen. Read More

The Three Key Challenges of Retirement

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Planning for your retirement can be challenging. It can be scary and frustrating. I have seen many clients who felt their plan was a disaster waiting to happen. As an advisor, I am here to say that you can handle it. Planning for retirement does not have to be difficult. In fact, it can be fun! But in order to achieve the retirement of your dreams, you must prepare for three major challenges that every retiree is likely to face.

Challenge #1: Ensuring a long retirement savings lifespan

One of the greatest fears that people have is that they will outlive their savings.
Fortunately, by taking the steps now, you can ensure that this doesn’t happen to you. Read More

Shakespeare on Finance

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For centuries, people have studied Shakespeare for his wit and his wisdom. He never wrote about finance, of course, but I have found that many of his lines contain important financial lessons. Let’s look at one such line from perhaps the most famous of his plays:

“Go wisely and slowly. Those who rush, stumble and fall.” – Romeo and Juliet, Act 2, Scene 3.

In this scene, Romeo asks his mentor, Friar Laurence, to wed he and Juliet as quickly as possible. In response, the friar counsels Romeo to “go wisely and slowly. Those who rush stumble and fall.”

You can probably guess the lesson here: avoid the temptation to rush into rash, impulsive financial decisions.

Have you ever noticed how often people act on impulse? Advertising companies sure do! So do car dealerships, banks and your local gyms. In fact, every time you go to the checkout counter at a grocery store, take a moment to look at all of those candy bars and tabloids strategically placed to take advantage of people’s impulsiveness.

Entire industries are built on capturing the human impulse. Most of the time these impulses are harmless enough, but the worst of them can have grave consequences. In fact, one of the greatest dangers to our financial health is that we don’t always think before we act. We rush into things. Read More

A few inspirational tips on how to stay young

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Do you realize that the only time in our lives when we like to get old is when we are kids?

If you’re less than 10 years old, you’re so excited about aging that you think in fractions. “How old are you?” “I’m four and a half!” You’re never thirty six and a half. You’re four and a half, going on 5! That’s the key.

You get into your teens, now they can’t hold you back. You jump into the next number, or even a few ahead. “How old are you?” “I’m going to be sixteen!” You could be thirteen, but hey, you’re going to be sixteen! And then the greatest day of your life… you become twenty one! Even the words sound like a ceremony…YOU BECOME 21! YES!

But then you turn 30. Ooohh, what happened there? Makes you sound like bad milk. He TURNED, we had to throw him out. There’s no fun now, you’re just a sour dumpling. What’s wrong? What’s changed? Read More