One of the biggest reasons you need a relationship with an appropriately experienced and qualified financial advisor is to help you avoid the most common, and potentially devastating, mistake people make once they actually retire. I call this mistake the ‘Timing Fallacy’. Many people are making it right now, in the wake of the COVID-19 (or more commonly known as: Coronavirus) pandemic.
Have you made the all-too-common mistake of referring to this week’s (or this month’s, or this quarter’s) financial market patterns as ‘volatile’?
For years, I thought of the inevitable gyrations we see in the financial markets as ‘volatile’, just as many of my clients did. I used the word ‘volatility’ to describe those sudden, emotion-driven ups and downs in the market that cause some people to think in the short term and start panicking
Change For Good
The 5W's and 1H of Financial Planning