Being smart with $$ - I Love Lucy and Stocks

Do stocks scare you? If you plan to own them for only a year they should.  You could have a year like 2008 and lose 36%.  But if you plan to hold them for the long term, your worries should fade.  Going back to 1950, the worst 10 year performance is an annualized loss of 1.4%.  Not great but that’s the worst.  And if you never sold in less than 15 years, the worst you did going back to just before “I Love Lucy” was a positive annualized 4.2%. Stocks have returned about 9% since the late 20s.  Short term? Risky. Long term? I Love Lucy AND Stocks.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
- Blog: www.clientpriority.blogspot.com

Being Smart With $$ - Ignore the Trillary Effect

Election day is 21 days away. (Not soon enough if you ask me.) Are you making any bets in your portfolio that stocks will rally or fall more under one candidate versus the other? Remember that stocks are currently at prices that the millions of investors worldwide think are right.  And they have priced in the risks or rewards expected with the election results in 3 weeks. Since timing the market is a losing game for the majority of investors, consider ignoring the Hump or Trillary effect and focus on the likely gains expected over the next 21 years instead of the next 21 days.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com

Being Smart With $$ - Would you rather...?

Would you rather... 

...have a financial advisor that only sells a couple of products with enormous commissions and will recommend those to you no matter what your needs are - or - have one who doesn't get any commissions and considers the universe of investment products in deciding what is right for you?  

...have an investment advisor that automatically takes thousand of dollars in fees out of your account each and every year even if you don't need, want or get any advice many years - or - have one who gets compensated only when they actually help you? 

--> Depending on your answers to the questions above, you may want to consider an hourly, fee-based advisor to help with your financial needs. 

Larry Pike, CFA

www.clientpriority.com