Stock market declines can feel alarming for just about everyone – no matter how seasoned an investor you are or how long your time horizon. A major reason is our own internal hardwiring. Psychological research suggests that we feel the pain of a loss twice as much as the pleasure of a gain.
Have a leaky roof? Watch this video. Hate the dentist? Start cleaning your own teeth. Want to build your own space-faring rocket? Follow these blueprints. There is an endless amount of information out there that can teach you how to do just about anything yourself. The question is, is that always a good thing?
Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter.
Winston Churchill famously said, “Success is the ability to go from one problem to another without losing enthusiasm.” Too often, we let the steady drumbeat of negativity surrounding us dictate our thoughts, emotions and investment strategy. Today, the constant bombardment of depressing news about Covid, inflation, supply-chain issues, government deficits and partisan politics tends to overshadow many of the positive underlying fundamentals and trends in our economy.
Wow, 2020 sure seemed to last forever, right? Now, we can finally, finally say goodbye… wait, being told that it is actually the end of 2021.
Your finances don’t necessarily follow the calendar, but some parts of the year are better for financial housekeeping than others. With tax season around the corner, the end of the year is a great time to review your finances and plan for the new year ahead.
“Inflation is caused by too much money chasing too few goods.” -Milton Friedman
Yes, you read the title right. Too much cash. Some of you may be thinking: how can anyone have too much cash? To put it one way, cash is a financial asset, but it’s not always an asset to your finances.
“New beginnings are often disguised as painful endings,” is a famous and appropriate quote relevant to today’s economic and social environment. Although we desperately try to move on from the pandemic, we are constantly reminded of its grip on our lives.
We are happy to recognize four Advance Capital Management financial advisors – Ryan Sheffer, Michael Hohf, Daniel McHugh and Terra Hohf – have been named to Forbes magazine’s 2021 Top Next-Gen Wealth Advisors list.
As a nation, we must start to move past the devastating fallout from the pandemic toward a return to a more “normal” life. Whatever that may look like. As in past generations, living through these surreal and historic events will forever change our collective psyche and perhaps bring a newfound appreciation for our freedoms and the simple things in life.
