“The best laid schemes o’ mice an’ men gang aft agley (oft go astray),” quoted from a Robert Burns poem, is often used to describe the futility of making detailed plans when our ability to execute said plans is uncertain. Market volatility can certainly trigger behavioral responses that are detrimental to our financial plans. Sometimes…
In bygone days, the term “hot mess” referred to a soldier’s meal. My father-in-law would have coveted a hot mess as he crawled across Europe in the winter of 1944. On one cold night, he was hiding from a Panzer tank patrol in the bottom of an outhouse latrine, but that was a different hot…
You may be wondering, is now a good time to be in the market? Watch the video below to hear a financial advisors perspective on market timing. Need investment advice? We would be glad to help! Contact us today.
Wisdom from a Yogi was originally published in the Knoxville News Sentinel Lawrence Peter “Yogi” Berra died last year at age 90. Without question, he was one of the greatest Major League Baseball players of all time, but he would have also made a great financial planner. In 2016, consider the financial wisdom of his…
After the worst yearly start for stocks in history, many investors are feeling some concern. That old myth resurfaces, “Investing in stocks is just like gambling.” Investing in stock is a lot like buying a lottery ticket. Gambling addicts would probably agree. In the 1990s, scads of obsessive day-traders seemed to gamble themselves into personal…
WBIR: Finally…the Federal Reserve announced Wednesday that it was raising key interest rates for the first time in 9 years. But what does a rate increase mean for the typical family? Joining us now with answers is Paul Fain, a Certified Financial Planner with Asset Planning Corporation. PAUL, BEFORE WE TALK ABOUT IMPACT, LET’S RECAP WHY…
Since 1993, the Financial Planning Association (FPA) annually bestows the P. Kemp Fain, Jr. Award to an individual who upholds the FPA’s Core Values of competence, integrity, relationships, and stewardship, and has made remarkable contributions to the profession of financial planning in the areas of service to society, academia, government and professional activities. The award…
What a great way to end a quarter – a global economic crisis? Greece is once again the headline newsmaker. Greece with a Gross Domestic Product (GDP) equivalent to the city of Detroit and a land area comparable in size to Ohio. Last Friday, the Greek government rejected an offer from creditors to…
Whenever there’s a lot of fear, there also seems to be a lot of misinformation, and sometimes good information mixed in with bad. This is certainly the case with identity theft, which now, according to a 2007 survey of the Federal Trade Commission, counts some 8 million people a year as victims. So what can…