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The Importance Of A Financial Plan

Posted by on Monday, May 11th, 2020 in Uncategorized | 0 comments

The Importance Of A Financial Plan

By Kim Spencer, CFP®, CDFA® When the unexpected happens, chaos can result. And right now, chaos and change seem to be a part of daily life for all of us due to the ever-evolving coronavirus pandemic. More than ever, preparation and having a plan of action in place is necessary for you to do what’s best for you and your family in the midst of this or any other crisis. And when I say to plan and prepare, I’m talking specifically about a financial plan. Having a financial plan means having all the details of your financial life in one place,...

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May 2020 Monthly Insight – Your Reward for Staying Calm

Posted by on Friday, May 1st, 2020 in Investing, Market and Economic Updates, Monthly Insights, Personal Finance, Retirement, Wealth Management | 0 comments

“The world is ruled by letting things take their course.” – Lau-Tzu, ancient Chinese philosopher and writer “This time it’s different,” someone once said while panicking out of the market in a time of crisis. At some level, investors know markets go up and markets draw down, just as the economy expands and the economy contracts. However, when people let their fear and uncertainty overwhelm them as they watch, in near real time, the value of their portfolio shrink, they are certain the bear market is different this time and they...

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4 Things To Do In A Volatile Market

Posted by on Monday, April 13th, 2020 in Market and Economic Updates, Personal Finance, Wealth Management | 0 comments

4 Things To Do In A Volatile Market

With the way things have been going lately, volatile sounds like a massive understatement to describe our current situation. When you’re barraged daily with alarming headlines, it’s normal to start asking questions like, “Am I going to be all right?” and “How will this affect me?” And more often than not, our questions turn to financial matters: “Will my portfolio recover?” and “Will I lose income?” While these events are not to be minimized, we can take comfort in being educated about what’s actually happening, not what the news is...

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April 2020 Monthly Insight – COVID-19 and Market Uncertainty

Posted by on Wednesday, April 1st, 2020 in Investing, Market and Economic Updates, Monthly Insights, Personal Finance, Wealth Management | 0 comments

“Fear incites human action far more urgently than does the impressive weight of historical evidence.” -Jeremy Siegel, Professor of Finance at the Wharton School of the University of Pennsylvania Everyone here at The Nalls Sherbakoff Group, LLC, has our clients in our thoughts and prayers as we all deal with the COVID-19 pandemic. I know we’re all doing our best to arrest the exponential growth in the number of confirmed cases.  The social distancing and “safer-at-home” initiatives no doubt will affect the overall U.S. economy and,...

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What You Need To Know About Recessions And Bear Markets

Posted by on Thursday, March 12th, 2020 in Market and Economic Updates, Personal Finance, Wealth Advisors, Wealth Management | 0 comments

What You Need To Know About Recessions And Bear Markets

On Thursday, the S&P 500 dropped 9.5%, or 260.74 points, in its largest percentage decline since the Black Monday crash of October 19, 1987. As markets continue their roller coaster ride due to fears surrounding the coronavirus, our most recent bull market officially turned into a bear market, down over 20% from the February 19th all-time high. But what does that mean? And are we on the verge of another recession like the one we had in 2008? In light of all these concerns, today we’ll share what you need to know about recessions and bear...

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