Geopolitical Tensions and Your Portfolio
It’s quite an understatement to say that it has been hard to watch the atrocities in Ukraine, as Russia continues to invade them. This is undoubtedly one of the most significant geopolitical events in decades. As we reflect on the news, we are primarily concerned about the countless innocent lives that will be impacted by this war. Our thoughts and prayers go out to any of you that have friends, family, or loved ones in the region.
As we look at the financial impacts, Geopolitical events like military or economic conflicts can affect stock markets in many ways. > SEE MORE
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Waypoint Wealth Management
Does Money = Happiness?
Any new year is often a time to reflect on what’s important to you. Financial and investment planning is obviously money-focused. But I’ve been thinking about my client conversations over the years and how the focus of those conversations really are about the things that bring you happiness. Is it the money that does it? Or is it what that money affords us? And at what points do we have enough?
Eighteenth-century Swiss philosopher Jean-Jacques Rousseau said, “The money you have gives you freedom; the money you pursue enslaves you.” He clearly believed that money alone can’t guarantee our happiness, and many other philosophers, business moguls, and philanthropists both before and after his time would agree.
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Waypoint Wealth Management
Six Things to Think About for Year-End 2021
With yesterday’s 72 degree day (here in Maryland) behind us and today’s 40-ish degrees setting in, it’s a fierce reminder that winter is coming; and that means another calendar year is coming to a close. That said, there’s still time to warm up that financial plan and position yourself to finish out the year well.
With that in mind, we thought it would be helpful to send along six financial “best practices” to do just that:
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Waypoint Wealth Management
Pandemic Pivots
If the pandemic has proven anything, it’s that life-altering occasions—both those we experience firsthand and those that merely present themselves as possibilities—have the potential to uproot even the firmest of financial plans. Why? Because reminders of what’s most important to us—wake up calls about how we spend our time and, as an extension, our money—can and should trigger reevaluation of our plans for the future.
And although the exact nature of any pandemic-related changes to a financial plan will look different for everyone, a few common themes have surfaced over the last year and a half that are worth discussing with your advisor: > SEE MORE
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Waypoint Wealth Management
Those Ever-Changing Economic Conditions
It often feels like trying to predict where the economy is going is like throwing darts blindfolded. You can listen to ten different economists on any given day and get ten very diverse opinions on where the economy is headed. And what is happening in your state or hometown is often much different than what is happening in other regions of the country.
Supply and demand are key factors in pricing. Housing costs have increased significantly over the last couple years as we battle the COVID-19 pandemic. Because basic building costs have skyrocketed, homebuyers are looking for existing homes and the inventory is low. > SEE MORE
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