Daylight Savings Time began last weekend, a sure sign that spring is on its way. It’s a season of renewal, and a time when our thoughts turn to reviving our health, looking forward to time spent outdoors, and recommitting to our health. We should also consider the idea of financial wellness as an important part of health.
The path to financial wellness involves creating a feeling of minimal stress about money, and confidence that you are on track to meet your future financial goals. Establishing a strong financial foundation of consistently living within your means, having an adequate emergency fund, and having little or no high-interest debt, all contribute to financial wellness.
Last weekend also marked 10 years since the S&P 500 lost over 50% of its value. For many investors, it was a scary time. But, as we look back at the 10-year bull run since then, there are a couple of lessons we can take away.
One is that, in general, and over time, markets tend to rise. In fact, research shows that no matter what increments of time are examined—days, weeks, or years—stock markets tend to go up roughly two-thirds of the time. The other important thing to remember is that it’s time in the market, not market timing that will build wealth.
I can help you with a financial plan that can get you on the path to financial wellness and give you confidence in a strong financial future.
Please feel free to share these articles with your family and friends. They are excellent conversation starters.
This week’s articles are the following:
- Article 1: Why It's So Hard to Buy the Market at the Bottom and Hang On
- Article 2: How To Quickly Assess Your Financial Wellness
- Article 3: 5 Outside-the-Box Ideas for This Year's Tax Refund
- Article 4: The Ultimate Guide to Doing Your Taxes in 2019: What Changed, How to Save and More
- Article 5: You're the 'Money Person' in Your Relationship? that's Problematic
- Article 6: Blindsided by your 2018 taxes? How to prepare now for your 2019 return.
This is Matthew Greiner.
We are going to close out with a quote, slash joke, an old timer said,
“Only the government would believe that you could cut a foot off the top of a blanket, sew it to the bottom, and have a longer blanket.”
From all of us here at the Greiner Group
“Have a good weekend!”