Monthly Insights


“I cannot tell you anything that, in a few minutes, will tell you how to be rich.  But I can tell you how to feel rich—which is far better, let me tell you firsthand, than being rich.  Be grateful.” –Ben Stein, actor and investment commentator Last week, The Nalls Sherbakoff Group was closed on Thursday and Friday so we could gather with our families on what we like to call “Be Grateful Day.” We are grateful for the many...

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“Courage is doing what you are afraid to do. There can be no courage unless you are scared.” — Eddie Rickenbacker, American fighter ace in World War I and a Medal of Honor recipient By now we have all come to expect the unexpected. But even with everything that has been thrown at us this year, we still don’t like unpredictability, especially when it comes to our money and investments. Because one of the major effects of the...

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By Lee Sherbakoff, CPA/PFS, CFP®, RICP® There are a lot of things you don’t want to gamble with in life, like your retirement savings, how you raise your kids, or your health. Unfortunately, many Americans take one particular risk with their health, possibly without even realizing it, and that’s neglecting to make a long-term care plan. (1) Since 70% of people will need some form of long-term care during their lifetimes, it’s critical...

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“All you need is the plan, the road map, and the courage to press on to your destination.” — Earl Nightingalea, American radio speaker & author Heuristics are mental shortcuts, derived from previous experiences, that let us make decisions quickly and efficiently. They may have literally saved humankind from extinction.  If our ancestors were in danger, heuristics let them quickly decide between fight,...

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“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t.” –Alan Greenspan, Former Chair of the Federal Reserve of the United States “Weather forecast for tonight: dark.” –George Carlin, American comedian Imagine yourself at the beginning of the year. You have knowledge that within weeks a novel virus will emerge that will shut down much of the global economy. Businesses will...

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“The pace of recovery looks like it has slowed.” —Jerome Powell, Chairman of the Federal Reserve, July 29, 2020 Last month’s Monthly Insight spoke briefly to our strategic general principals about the markets and investing. That short introduction was followed by a review of the first six months of 2020. One of the key takeaways from the mid-year review was the sheer unknowability of the short- to intermediate-term market moves...

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