Investing

You’ve probably heard it before, but it holds steadfast and true: Boring is often better when it comes to investing.

The goal of a secure retirement plan is to prevent you from staying awake at night worrying about the next financial crisis, but in the event you have an investment nightmare, what would it be?

I’m an avid goal-setter in many areas of my life. Needless to say, that includes my investments. They have a purpose, they’re led by a strategy but I also need to gauge if they’re on track with where I need them to go, and I’m able to do this through intentional goal-setting.

Here’s a unique way to view your investment options, and it’s a strategy Warren Buffett and his right-hand man, Charlie Munger, utilize as well.

The optimal asset allocation mix for retirement isn’t clear-cut. It depends on a multitude of variables specific to you, such as age, presence of other income sources and most certainly, your risk tolerance.

Any time you make a decision amongst many different choices, chances are, you might experience some anxiety.

Is there such a thing as keeping too close of a watch on your portfolio? Perhaps, especially if you find yourself checking on investments daily, or even multiple times a day.

It’s human nature to have ingrained, psychological biases, but part of being a good investor involves acknowledging that bias.

A gray area exists between gambling and investing, and quite often, that is where cryptocurrency can be found.

Investing doesn’t come with a clear-cut price tag. It can often be difficult to quantify the money you pay, which can also cause you to overstate or underestimate the appropriate risk level for your financial goals and needs.

You’ve seen the news headlines and social media posts; Bitcoin is the new hot investment, then Dogecoin and you can’t forget the GameStop debacle. Worth the craze? Chances are, you’ve wondered, and you might have felt a little FOMO (Fear of Missing Out) from sitting on the sidelines, too.

If you’re still sitting in cash after the fear-laden year of 2020, it’s time to get a plan. You probably can’t sit on the sidelines forever, and you definitely shouldn’t.