Although the outcome of the election is uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the months leading up to Election Day.
Market timing is akin to sports betting, and while we may not have a football season this upcoming fall to entertain us on Sunday afternoon’s, we can use this parallel to educate clients on the downfalls of market timing.
Nobel laureate Eugene Fama said, “There’s one robust new idea in finance that has investment implications maybe every 10 or 15 years, but there’s a marketing idea every week.” Recently, the marketing whizzes have been working their magic.
As many parents start ramping up their retirement planning efforts, their kids are also reaching an important next step in life: heading off to college. These tips will help you balance the cost of your own financial goals with the education pursuits of your children.
New market highs have not been a harbinger of negative returns to come. The S&P 500 Index went on to provide positive average annualized returns over one, three, and five years following new market highs.
In most cases, tapping into your retirement account to pay off debt isn’t advised. Understanding the difference between withdrawals and loans may help you face your debt with confidence.