Now that we’ve all survived prom season and all the hoopla that comes with that, soon enough we’ll be in the midst of graduation season, with caps & gowns and parties and first jobs. While the kids are happy to be graduating, all you parents out there will be thinking about the next tuition bill coming due as another kiddo heads off to college.
For those of you who currently work with us, we’ve been super active during the first quarter of the year making adjustments to your portfolio, and as we always say, the near-3000-point correction in the Dow has since rallied back up 1200 or so points before taking another smaller dip this week.
A few weeks ago, we talked about some of the changes happening in our office as we continue to grow our team and our business, and what to expect for both new and veteran clients.
In client meetings recently, some of you have come in and told us about some lofty or crazy goals. Some of these are, well, a little out there, but most of the time we’ll say, “let’s go!” and start planning. I love hearing the goals our client families set for themselves, and the different ideas people come up with over the years.
If you enjoy long, boring car rides like I do, you may have searched out some good audio books and podcasts to listen to while you’re cruising. Perhaps some of those even had to do with money and financial planning. The sheer number and volume of financial podcasts out there never ceases to amaze me.
I often have conversations with friends of friends when I’m out socially that often start with an introduction like, “this is Dave, he manages my money,” or “he’s a financial planner.” I shake hands and say “nice to meet you – what do you do?” At this point the person tells me they’re a contractor, or an engineer, or a teacher, physician, or “I own such-and-such business.” They tell me a little more, and I ask a few questions as we make polite conversation.
Welcome back to the 2018 stock market roller coaster ride! Between the twists and turns and the extreme moves higher and gut-wrenching drops, this market is anything but boring.
We often encounter pre-retirees who have worked a career for 25 or 35 years, and are suddenly within that three-years-to-three-weeks timeline of retirement. They come into our office seeking advice, they asked for a referral (thanks!) and called us up.
Here we are in that time of winter when it’s gray outside, and seems to rain for days on end. Without the Olympics as a distraction, we’d all be suffering from a bad case of cabin fever. For a lot of people, this is when they start really thinking about how their life and their finances are intertwined.
Around this time, usually due to New Year’s resolutions and after-Christmas sticker-shock, we get a number of calls from people who want to be more efficient and tackle some outstanding debt. We applaud everyone who has taken this step forward, as many of you have. When it comes to getting your finances on track, one of the most important things you can do is admitting where you’ve gone wrong, and finding a way to take control so you can focus on the more important things in life.
*Representatives are licensed to offer insurance and annuity products in AL, AR, CO, FL, GA, IN, KY, MA, MD, MI, MO, MS, NC, NH, OH, PA, SC, TN, TX, WV, VA, and WA and are licensed to offer investment products in AL, AR, AZ, CA, CO, CT, FL, GA, IL, IN, KY, MA, MD, MI, MN, MO, MS, NC, NH, NM, NV, NY, OH, PA, SC, TN, TX, UT, WA, Washington DC and WV. This website and its content are not intended for residents of other states. Securities offered through: The O.N. Equity Sales Company, Member FINRA/SIPC, One Financial Way, Cincinnati, OH 45242. 513.794.6794 Investment Advisory Services offered through The O.N. Investment Management Company. Estate Planning Services provided in conjunction with your licensed legal advisor.