uncertainty, stock market, retirement, san diego, financial planner, investments

dealing with uncertainty

There are always unknowns in life but 2020 has exponentially increased our sense of uncertainty. Making plans in the midst of uncertainty can be challenging, yet we can’t put life on hold forever. The future is always uncertain, therefore, we must plan based on the best information available to us today and make adjustments as new information becomes available. Plans should guide us and give us direction but also be flexible enough to take advantage of life’s changes, whether good, bad, in or out of our control. Planning is not a perfect science with right or wrong answers, but rather an evaluation of various options. For me, remembering Proverbs 16:9, “we can make our plans, but the Lord determines our steps”, is reassuring. As we make plans amongst a wealth of uncertainty, I have found the following ideas to be helpful.  - Remember what your objectives are- Use relative information and facts to gain perspective- Be cautious about making emotional decisions, especially in stressful times- Let go of what you can’t control- Focus on what you can control, including:Your attitudeYour habitsHow much you spend and saveWhere you save (with a focus on diversification, asset allocation and tax planning)Preparing for financial unknowns with cash reserves, proper insurance, and estate planning So, while there are few guarantees in life and especially in financial planning, one guarantee I feel confident of is that the plans we map out today will look different in 20 years, but taking appropriate steps along the way will increase our odds of success.  Advisory services offered through Arbor Point Advisors. Securities offered through Securities America Inc., Member FINRA/SIPC. Arbor Point and Securities America are separate companies. CA Insurance #0E88557

Financial Planning, San Diego, Retirement, Investments, Poway, Rancho Bernardo

Q3 2020 Market Review

In Q3 we saw stocks up strongly across the board. Following the best quarter the US stock market has ever had, it was up again with a gain of 9.21%. International stocks were up 4.92% and emerging markets edged out the US for the highest gains with 9.56%. Global real estate returned 2.37%. Bonds both domestically and internationally performed similarly to each other with modest gains of 0.62% and 0.68%. For a detailed Market Overview, click here. Free financial advice: While it is great to see the stock market and economy rebounding strongly, there are individuals, families and businesses that have been more severely impacted by this pandemic. For this reason, I wanted to send a reminder that I specifically set aside time to help people who could really use financial guidance but are not in a position to hire or work with a financial advisor. If any of you know someone that could benefit from this service, please feel free to pass my information along and I will do my best to provide advice, guidance and hope for them.  Advisory services offered through Arbor Point Advisors. Securities offered through Securities America Inc., Member FINRA/SIPC. Arbor Point and Securities America are separate companies. CA Insurance #0E88557

elections and the stock market

The upcoming presidential election is getting a lot of attention. Pollsters attempt to predict the outcome, and many individuals start to consider what the impact on their investments might be depending on which candidate wins. The information below illustrates stock market returns related to election years and presidential terms.  Given this view, it is important to note that markets usually make money under both administrations (the same goes for congressional control, but I didn’t want to include too many charts). We don’t know what the outcome of the election will be, but even if we did, we don’t know what the market will do. Many republicans were concerned during the Obama presidency, yet the markets went up. Many democrats were concerned with a Trump presidency, and markets have also gone up. Rather than try to predict the outcome and make reaction-based decisions to your investment strategy, history tells us that sticking to a strategy designed around your financial plan is a preferred solution. Usually, that means maintaining exposure to the stock market with the expectation of being rewarded for riding through the ups and downs, while allocating enough money in conservative investments to help bridge the valleys and for shorter-term needs.  Keep in mind, I am not saying that the President has no impact on the market or the economy, but historically the market has made money regardless, and that’s the point, isn’t it? As Benjamin Graham (who mentored Warren Buffet) noted : “In the short run, the market is a voting machine but in the long run, it is a weighing machine.”   Advisory services offered through Arbor Point Advisors. Securities offered through Securities America Inc., Member FINRA/SIPC. Arbor Point and Securities America are separate companies. CA Insurance #0E88557

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Retirement Planner in San Diego

 

Advisory services offered through Arbor Point Advisors. Securities offered through Securities America, Inc., Member FINRA/SIPC. Arbor Point Advisors and Securities America are separate companies. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. CA Insurance #0E88557

Advisory services offered through Arbor Point Advisors. Securities offered through Securities America, Inc., Member FINRA/SIPC. Arbor Point Advisors and Securities America are separate companies. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. CA Insurance #0E88557​

Rancho Bernardo Financial Planner