During the pandemic, as many have been forced to remain at home, some analysts have traced a rise in day-trading activity, much of it coming from amateur investors who are using their forced quarantine time to indulge their speculative interests.
In our financial and investment counseling work with clients, we often use historical research to provide context and background for current market and economic conditions. In fact, when we are looking at almost any current situation or problem, it helps to remember the lessons we can learn from history.
For decades, buying gold or gold-based funds has been the classic hedge for investors who either fear worsening inflation or extreme disruption in the markets or the economy.
I recently heard someone use the phrase, “The map is not the territory.” This is an interesting way of stating the truth that looking at a map of an area doesn’t tell you everything about the area. For example, a map can’t tell you what it’s like to drive a particular stretch of highway on a rainy day or at night.
In our work with clients, it is very common for us to recommend that most people increase their rate of savings.
The “work first, life second” mantra guides far too many of us these days—from driven entrepreneurs to ladder-climbing professionals to overcommitted parents.
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