So you’ve decided to switch companies, but you don’t know the first thing about finance or how to rollover your 401(k) plan. Now what? As the rules apply, a 401(k) simply cannot be placed in a U-Haul and driven from company to company. We all wish it were that easy, but we live in an era where financial planning, reasoning, and implementation takes some professional help or even hand-holding.
Vance Howard Splits Dessert with Bloomberg Radio
As seen on this week’s Wealth Watch…
Vance Howard, the CEO and portfolio manager of Howard Capital Management, Inc., divulged a few of his secrets to Bloomberg Radio recently. The hosts were particularly interested in Howard’s position on trading in such a climate. For them the financial world seemed to be -55 degrees and raining cats and dogs, but to Vance it’s 72 and sunny. How does he keep his mojo? By pressing the off button when the news gets too routy. Consuming too much media seems similar to eating an entire bag of doughnut holes as both can cause stress, pimples and bad sleep. Howard states, “We live in a world where there’s plenty of problems each and every day… you gotta trade through them.”
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Managing Emotions While Investing Through COVID-19
The 2020 pandemic has paved a rocky road for investors and financial advisors for investing through COVID-19. It has also conjured handfuls of trigger words financial advisors know affect their clients negatively. Words like downturn and losses are more impactful now compared to previous years.
This year has proved how volatile the stock market truly is, but it is important to remember our actions are the only thing we have control over throughout the ups and downs. When the charts angle down a client’s immediate reaction could be to panic. This type of reaction is understandable, however, it is also unhelpful for their financial future. Everyone enters the market with similar goals, no one can predict the path of their investments. The pandemic will not disappear overnight, which is why it is important for clients to manage their emotions and aim to feel more confident investing.
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The Stock Market Lights a Post-Debate Cigar
As seen in this week’s Wealth Watch…
Hear-ye, hear-ye; the highly anticipated, geriatric yelling match has ensued. Around 73 million people took time to witness the Real House-husbands of Capital Hill take verbal swings at each other. If TV owners didn’t know where the mute button was before the debate, they sure do now. While audiences across the USA threw popcorn and wine at their TV screens, the stock market lit up a fat one in the alley.
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What is the 401(k) Optimizer®?
Let’s just say you have a company-sponsored retirement plan and you have long term goals for it. Months, or even years later, you realize your retirement plan is increasing at a snail’s pace and you’re slightly disappointed in that. This is where the 401(k) Optimizer® could benefit you. This tool is designed to help you optimize your investments within your retirement plan. If you have a 401(k), 403b, or 457 plan, using the tool will let you know when to buy and when to sell through a math-based approach.
With Love, The Market
As seen in this week’s Wealth Watch…
Two Can Play At That Game
The HCM-BuyLine® recently returned from the grocery store to find a bouquet of flowers on its stoop and the front lawn on fire. A note was attached saying, “With love, The Market.” Flattered yet confused, the HCM-BuyLine® was appreciative of the small gesture as it whipped out a fire extinguisher from its back pocket. We’re fully aware the stock market has been met with a moment of consolidation, and every parent knows growing pains leads to acting out. September may have shown signs of weakness, but the HCM-BuyLine® has watched Home Alone one too many times and will be ready for the next sneak attack.