"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton
Templeton was a successful investor and philanthropist who believed in the importance of disciplined investing and avoiding irrational exuberance.
Apr 27, 2023 · 1 min
Hiring a fiduciary to help manage your investments is crucial.
Fiduciaries are held to a higher standard of care than non-fiduciary advisors, who may have conflicts of interest that could influence their recommendations.
Apr 27, 2023 · 1 min
It's essential to have a solid investing strategy in place.
When the market is overly fearful or greedy, it's essential to have a solid investing strategy in place to help you make informed decisions.
Apr 26, 2023 · 2 min
Achieving Financial Goals: Saving money is necessary to achieve your financial goals, such as buying a house, starting a business, or retiring comfortably.
Financial Freedom: Saving money can also lead to financial freedom. By having enough savings to cover your expenses, you can make choices about your career or lifestyle that you wouldn't have been able to make otherwise.
Apr 24, 2023 · 1 min
Weekly Market Recap Week Ended April 21
The major U.S. stock indexes traded in a narrow range for the third week in a row and the S&P 500, the NASDAQ, and the Dow each finished with a fractional decline. Since the start of April, the gap between the S&P 500’s highest daily closing level and its lowest close has been a mere 1.6%.
Apr 23, 2023 · 1 min
Saving money has several advantages
Achieving Financial Goals: Saving money is necessary to achieve your financial goals, such as buying a house, starting a business, or retiring comfortably.
Apr 20, 2023 · 1 min
Many investors lose more money trying to predict and prepare for market corrections than they do by the corrections themselves.
Investors with a long-term perspective who stay invested through market corrections rather than trying to time the market are more likely to achieve their investment goals.
Apr 20, 2023 · 1 min
Financial planning is essential at any age, but it becomes especially critical when you reach your 50s.
Overall, financial planning in your 50s is about maximizing your retirement savings and ensuring you're on track to achieve your retirement goals. Our financial advisors can help you navigate the complexities of retirement planning and create a plan tailored to your specific needs.
Apr 19, 2023 · 2 min
How do you feel about your long-term financial security?
Apr 18, 2023 · 1 min
Weekly Market Recap Week Ended April 14
Except for a modest rally on Thursday, the major U.S. stock indexes traded in a narrow range for the second week in a row. The S&P 500 and the Dow both added around 1% to record their fourth positive week out of the past five and the NASDAQ generated a fractional gain.
Apr 16, 2023 · 1 min
Many people in the stock market are driven by emotions such as fear, greed, or panic.
They may be tempted to buy or sell stocks based on short-term market fluctuations, news events, or rumors rather than a long-term investment strategy. Such impatience can lead to buying stocks at high prices or selling stocks at low prices, resulting in losses.
Apr 14, 2023 · 1 min
What are you saving for? Whatever it is, we can help keep you on track
Financial Freedom: Saving money can also lead to financial freedom. By having enough savings to cover your expenses, you can make choices about your career or lifestyle that you wouldn't have been able to make otherwise.
Apr 13, 2023 · 1 min
Earmarking your tax refund for savings can be a smart financial move for several reasons:
Boost your emergency fund: An emergency fund is crucial to cover unexpected expenses, such as a medical bill or a car repair. By earmarking your tax refund for savings, you can boost your emergency fund and be better prepared for any unexpected expenses.
Apr 11, 2023 · 2 min
Weekly Market Recap Week Ended April 7
With the start of earnings season just around the corner, the major U.S. stock indexes didn’t make any big daily movements during a holiday-shortened trading week that concluded on Thursday, prior to Friday's monthly jobs report. The S&P 500 slipped 0.1%, the NASDAQ fell 1.1%, and the Dow added 0.6%.
Apr 10, 2023 · 1 min
Financial planning is an essential aspect of life at any age, and it becomes imperative as we approach our 40s.
At this stage of life, many people are in the prime of their careers and may have acquired significant assets. Here are some critical steps to consider when developing a financial plan for your 40s:
Apr 7, 2023 · 2 min
What are you saving for? Whatever it is, we can help keep you on track.
Saving money has several advantages, including: 1. Financial Security: Saving money provides a financial cushion for emergencies, unexpected expenses, or changes in income. It can help you avoid high-interest debt, such as credit card debt, and provide a sense of financial security.
Apr 6, 2023 · 1 min
When looking for a financial advisor, it's essential to consider several factors.
Qualifications and Credentials: Check if the advisor has relevant certifications, such as a Certified Financial Planner (CFP) or a Chartered Financial Analyst (CFA). This shows that they have met specific standards of education and experience.
Apr 4, 2023 · 2 min
Weekly Market Recap Week Ended March 31, 2023
Three in a row: The S&P 500 and the NASDAQ added more than 3%, climbing for the third consecutive week and recovering more of the ground lost in a difficult February. The Dow also gained more than 3%, rising for the second week in a row.
Apr 3, 2023 · 1 min
Retirement can be a challenging time for many people, and retirees face several potential risks.
Here are some of the key risks:1. Inflation Risk: Inflation is the increase in the cost of goods and services over time, and it can erode the purchasing power of retirees' savings. This means that retirees may need to withdraw more money from their retirement accounts to maintain their standard of living, which can be a challenge if their savings are insufficient.
Apr 3, 2023 · 2 min
Compound Interest: Time and patience do pay off.
If there's one idea that every financial adviser would like to drum into their clients' heads, this is it. Compound interest is the ultimate equalizer. It does not care who you are, where you come from, or what you do. It will relentlessly work for you or ruthlessly punish you without regard. It's about discipline and time and is a tool that works regardless of whether you're a sales clerk at Target or a hedge-fund manager.
Mar 31, 2023 · 2 min
Customized financial planning
We understand women may have unique financial needs due to their life stage, such as managing debt, saving for children's education, caring for aging parents, or planning for retirement.
Mar 29, 2023 · 1 min
Why contribute to your retirement accounts?
Contributing to a retirement account like a 401(k) or IRA can reduce your taxable income and help you save for retirement.
Mar 28, 2023 · 1 min
Retirement planning is essential to ensure people have sufficient financial resources to support themselves during their retirement years.
Here's a timeline that shows when people should start planning for retirement and what steps they should take at each stage:
Mar 27, 2023 · 2 min
Weekly Market Recap Week Ended March 24, 2023
Another choppy week A key U.S. Federal Reserve meeting and continuing concerns about bank stability dominated the week as the major U.S. stock indexes recorded gains of 1% to 2%. Despite the overall rise, markets were unsettled, shifting quickly between gains and losses.
Mar 27, 2023 · 1 min
Don't navigate this alone.
Every article we write is based on real conversations with Memphis families. Let's have one with you.