A few weeks ago, I had the chance to hike Half Dome in Yosemite National Park for the second time in my life. The first time was over 23 years ago with two close friends. The three of us reunited, added one more long-time friend, and ventured out again to conquer the 8,800 granite peak, climbing 4,800 feet of elevation to reach the top. It was a one day, 16 mile round trip trek, that left us utterly exhausted and simultaneously exhilarated by day’s end.
Our national media cycle is a non-stop barrage of mostly gloomy headlines focused on topics that generate clicks and views. Unfortunately, we are biologically wired to focus and react more to negative news than to positive news.
We are constantly discussing what it takes to meet our long-term financial goals with clients. However, we also discuss how important it is to live, today, finding our own balance between our future needs and our current needs. To be sure, travel budgets are a worthy goal!
Recently, two regional banks, Silicon Valley Bank (SVB) and Signature Bank have been caught up, to some degree, in the making of their own demise. Both were seized by regulators last quarter, as their depositors realized the banks were struggling to keep up with withdrawals and were being forced to sell securities at a loss, to keep up.
Recently, I had a chance to preview a personal finance book by a best-selling author that focused on how to build and manage your wealth. During the process of reading an early draft of the book, it struck me that it is easy for many to think of wealth building and wealth management as the same thing. However, they are distinctly different and should be considered separately.
LOOKING BACK It’s difficult to know what the future will hold without understanding the past. 2022 was a difficult year in the market.
Thank you to Haley Sanford of New York Life for the status update regarding WA LTC Tax: Earlier this year Governor Inslee signed a bill that postponed the tax by 18 months. WA State did this to try and address a few bipartisan issues such as options for those who are close to retirement and […]
Investing trends don’t start out of nowhere. Usually, some event happens and pushes investors towards a certain area of the market. In the case of the last year, the pandemic left a lot of people stuck in their homes with more time on their hands than normal, so many turned to the stock market. The […]