April 2020 Monthly Insight – COVID-19 and Market Uncertainty
“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,...
read moreMarch 2020 Monthly Insight – The Economy, Markets, Coronavirus, and Perspective.
“The only thing you sometimes have control over is your perspective. You don’t have control over your situation. But you have a choice about how you view it.“ – Chris Pine, American actor As February began, investors were keeping a cautious eye on the coronavirus spreading in China. While there were isolated outbreaks around the globe, they were just that—isolated. That changed dramatically when headlines announced the coronavirus had spread to northern Italy, South Korea, and Iran. Now, the uncertainty is being felt...
read moreFebruary 2020 Monthly Insight – Embracing Volatility
“Don’t underestimate the value of doing nothing” —A. A. Milne, an English author, best known for his books about the teddy bear Winnie-the-Pooh We hope all is well with you so far in the New Year. You have likely heard us plead the case that we must embrace volatility if we are going to invest in the stock market. The fact that markets swing suddenly at times is why they allow for higher returns than the low, steady rates you earn on money markets and savings accounts. When nervous, deluded investors bail out, it leaves significant...
read moreJanuary 2020 Monthly Insight – Securing the SECURE Act
“I am prepared for the worst, but hope for the best.” – Benjamin Disraeli, British statesman and novelist On May 23, 2019, the U.S. House of Representatives, in a near-unanimous vote of 417-3, passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The SECURE Act contained significant changes to retirement accounts, required minimum distributions (RMD), and inherited IRAs. A few days later, on June 3, 2019, the House submitted the legislation to the Senate, where it languished until December 19, when the...
read moreDecember 2019 Monthly Insight – Money Talk With The Family
“It was impossible to get a conversation going, everybody was talking too much.“ —Yogi Berra, Major League Baseball player, manager and Baseball Hall of Fame member You’ve heard it said before—never discuss religion and politics. It’s easy to understand why. Some folks hold very strong opinions, and it’s easy to get swept up into an unwinnable argument. Interestingly enough, though, politics and religion aren’t considered the most difficult subjects to tackle. According to a 2014 study, personal finances (44%) ranked ahead...
read more