Let’s say you're on an airplane above North Africa headed from Tripoli to Cairo. You’re right over the Sahara Desert when the plane crashes. Nobody's hurt, but you're all stranded in the middle of the Sahara. After you've figured out how much water you have and have all your supplies together and built a shelter, what’s the next step you should take? You need to figure out where you are relative to Cairo so that you don’t head off the wrong way. You need to know where you are in regards to your goal.
Articles & Education
Right now, we are experiencing the second longest running (and the third highest-rising) bull market in history according to Bloomberg. I find this very interesting, so I decided to look at all of the record-setting high-rising bull markets. They did not end well.
As you probably heard, Equifax had a data breach and 143 million American's identities are potentially at risk. It’s a good idea to find out if you have been affected, and to protect your personal information as much as possible for the future. Though there is nothing that can guarantee your information is 100 percent safe, there are some steps you can take to make yourself more secure:
It’s September. The year is almost over and still the legislature hasn’t tackled tax reform. Will we get it? If so, will the market react, or has that probable boost already been priced into the market?
I can't imagine what it would be like to have everything washed away. I don't know how I would react to that. I hope I would be like Money Matters’ team in Houston.
In investing, as in war or sports, the better you know your opponents, the better you are able to strategize, to plan, and to defend yourself against them. Bear markets are extremely dangerous enemies for any investor, and especially for those over 50. I’m presenting this brief primer on bear markets in the hope that you will learn more about this enemy to your financial security.
The North Central Texas Better Business Bureau (BBB) recently announced that Money Matters is a finalist for the Torch Award for Ethics*. Applying for the award end up being a reward of its own kind, because writing answers to essay questions about ethics forced me to really think about the way we handle ethics at Money Matters. I believe that being ethical is primary. It's the most important thing about doing business, especially in the financial services industry, where we manage people’s life savings. I also believe that our ethics make us stand out in the field. I've always told my daughters that if you tell people what you are going to do, and you do it the way you said you would, you do it on time, and you do it at the price you quoted, people will beat a path to your door.