The February 2021 Update
Stop Trying to Time the Market
There is perhaps no more widely used phrase in the investment world than…you can’t time the market. This warning has been a hallmark of Wall Street lore for as long as public markets have existed and has been ingrained into the thinking of nearly every investor from the first day they begin investing. Despite the near universal acceptance of this time-tested advice, very few actually heed it. This is evidenced by the abysmal investor returns reported by research firms such as Morningstar, DALBAR, and S&P annually. Their conclusions are always the same. Investors’ emotional decisions routinely cause them to underperform a simple buy and hold strategy..
Taking Stock: Tips for Filing Your 2020 Taxes
Start Making Plans for Travel Now...BUT be Flexible
The first wave of COVID-19 vaccinations has lifted many spirits and raised expectations for the new year. Those shots have also inspired a sharp rise in travel bookings among folks who hope it will finally be safe to jump on an airplane and lounge at a luxury hotel in the spring or summer of 2021.
Important Information for Business Owners – Consolidated Appropriations Act, 2021
On December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021 (The Act), which introduces several new relief opportunities for both businesses and individuals.
Lump Sum or Not: What's the Best Way to Invest Your Year-End Bonus
What is dollar cost averaging, and when you have a significant windfall to invest, which method is better for you: dollar cost averaging vs. a lump sum investment?