20 second advisor

Financial insights and tips...all in 20 seconds

20 Second Advisor: How will the upcoming election impact the market?

On November 3rd, millions of Americans will cast their vote for the next President of the United States. See below for the hypothetical growth of wealth for an investor who put $1 in the S&P 500 Index in January 1926. The chart lays out the political party of the President in office; red denotes a…

Read More

20 Second Advisor: The Beauty in Struggle

We learn like crazy when things get hard. We grow when we overcome obstacles. We get stronger when we push beyond our comfort zone. We naturally seek comfort and avoid pain yet we are drawn to the beauty that struggle produces… Diamonds are formed only after intense pressure and heat Butterflies emerge after the strain…

Read More

20 Second Advisor: Can you beat the spread?

Recently, I watched the video below with professor Kenneth French (he’s one of the smartest finance minds in the world!). In the short video, he compares successfully timing the market to the idea of sports betting. To be successful in betting on a game, you cannot simply know which team is going to win or…

Read More

20 Second Advisor: How to improve

Meditate Set goals Read daily Judge less Eat healthy Love yourself Wake up early Start a journal Quit a bad habit Ask for feedback Learn a new skill Believe in yourself Start a new routine Plan a new strategy Learn how to invest Don’t make excuses Stop procrastinating Review your finances IG source: @marketingmentor.in

Read More

20 Second Advisor: Pet Peeve About Your Spouse?

When asked what my wife’s pet peeve is about me, she will quickly respond with “he wants to discuss our finances too often!” I THINK I’ve gotten better over the years, but I’ll have to ask again! I came up with a saying that I share with my clients…“In order to make money a non-issue,…

Read More

20 Second Advisor: Should you buy the biggest stocks?

Often, the largest market cap stocks are in headlines a lot. Today, some of the largest stocks in the US include names such as Apple, Microsoft, Amazon, Google, and Berkshire Hathaway (just to name a few). Since we hear about these companies so often, should we own more of these stocks? Yes and no. The…

Read More

20 Second Advisor: July 15th deadline for retirement and education contributions

The July 15, 2020 nationwide deadline for filing an individual income tax return for tax year 2019 is approaching. It is also the deadline for certain contributions to IRAs, Roth IRAs, and Coverdell Education Savings Accounts (CESA). A few things to remember IRA contribution limit for tax year 2019 is $6,000. Anyone over age 50…

Read More

20 Second Advisor: Adopt the Lifestyle

I recently finished a fantastic book about eliminating hurry from your life. In it, the author used an analogy that I loved. Mostly because it had to do with running, but it applies here as well! The author likes to sit on his front porch early in the morning. Nearly every day, the same group…

Read More

20 Second Advisor: Target Retirement Funds – Good or Bad Idea?

For a lot of investors, the 401(k) is the main savings vehicle for accumulating wealth. 401(k) plans often provide matching contributions which helps you to save more each year, and reach your retirement goals quicker. The downside (in my mind) of some 401(k) plans is that you have limited investment options. It may be difficult…

Read More