Theresa’s Thoughts

    "This Time It's Different" aka The Failed Investor's Four Word Death Song

    Every major Bear Market looks different when you are inside it. As Warren Buffett says: “Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.”

    As long term, goal focused, planning driven investors, we stick to meeting our goals with the plan and the portfolio design to go with it. We do not deviate from that because of the news of the day or apocalypse du jour for that matter.

    There Is a Sale Going On in the Markets Right Now!

    As of my writing this article on April 3, 2020 the S & P 500 closed down from the February18th high of 3380.16 to 2488.58 about a 26.4% drop in about 2 months. These are markdowns which you historically do not see more often than about one year in five on average. The drop was dramatic to say the least, and now the great companies in America and the world are at a deep discount.

    Staying Positive, On Track ~ This Too Shall Pass

    In spite of the overall health and economic pandemic of the Coronavirus, we will always focus on the following: a): Your Goals  b): on our long term plan for the achievement of your goals and, c): on your diversified portfolio as the long term funding medium for that plan.

    To quote President John F. Kennedy: “No problem of human destiny is beyond human beings.”

    When should I be taking my IRA distributions and other questions…

    With the arrival of the Setting Every Community Up For Retirement Enhancement (SECURE) Act,  the odd number of age 701/2 for RMD (required minimum distribution) is now raised to age 72.

    This new easier to remember “even” number now applies to individuals who are turning 701/2 in 2020 and beyond. If you have turned 701/2 in 2019, you must adhere to taking your RMD as scheduled.

    Dear Friends 03-18-20

    Nine days ago on March 9th was the 11th anniversary of the crescendo of global panic that marked the bottom of the bear market of 2007-09.

    It is to me a thing of the most wonderful irony that the world has elected to celebrate this iconic anniversary with – you guessed it – another epic global panic attack.