Why in the world is the stock market doing so reasonably well during the COVID-19 pandemic, while the success of so many small and large businesses, in many sectors, seem to be doing so very poorly or even shutting down entirely? How is this possible?
Even if you’ve created durable wealth for a desirable transition, what else can you do to secure your second-act lifestyle? You have always had great success in your professional life. You need to know not only how to build wealth, but how to maximize wealth for the “retirement” you envision.
Let’s explore what we can learn from the not-too-distant past known as “the Lost Decade” of the 2000s. It reveals quite a different story than the 2010s had in store for investors.
Sometimes, the keys to investment success can seem counterintuitive at first. So let’s take a closer look at a trio of weird, but wonderful “upside-down” investment insights for interesting times.
The financial services industry makes it complicated for consumers to choose the right advisor and model. So how do you source and vet out the right advisor for you? Before placing your financial future in the hands of someone else, make sure you do your due diligence on them and their model well in advance.
What does a team approach add to the mix? Even the smartest, most experienced advisor is human, like anyone else. To avoid succumbing to myopic decision-making, it’s a wise person who routinely stress-tests his or her thought processes, seeking the input of others to objectively validate or refute good or bad ideas.