The financial markets are now closed for the year and with all of the theatrics the verdict is in. Those investors with the following five characteristics prevail over those who fall victim to a host of mistakes and unsuccessful approaches:
- Investing from a superior position of financial strength.
- Being well prepared for a range of possible outcomes.
- Having an investment philosophy and approach you can confidently stick with and win with through thick and thin.
- Tuning out the noise, taming the emotion and focusing on what you can control.
- Investing for long-term success and, in the process, avoiding anxiety-toxic predictions, moves, comparisons, concentrations and traps.
Nearly eight weeks after his election, emotions about President-elect Donald Trump continue to run high.
There’s no doubt that Trump was a divisive candidate, and he is already saying and doing things that have pleased some and discouraged others. But as investors contemplate the next four years under this president, they should pay attention to facts and numbers and be on guard against emotional decision-making.
It’s common for investors to overestimate the impact that Presidential election results have on investment markets. Prior to the election, many commentators predicted a market crash in the event of a Donald Trump victory. That didn’t happen, of course; to the contrary, the market has risen. That’s an example of the strength and adaptability of the markets: They have a long history of digesting jarring and unforeseen events, and then moving forward.
It’s not happiness that brings us gratitude; it’s gratitude that brings us happiness.
At this special time of the year, we at Janiczek Wealth Managements seek to express the profound sense of gratitude we feel for the many blessings we have received. This year many team members have spent their free time volunteering in the community and organizations that are close to their heart.
Matt Gray spent 2016 teaching a Personal Finance course at East High School through Junior Achievement. Wrapping up the year, Junior Achievement hosted Finance Park; a day-long activity in which middle schoolers learn how to build budgets and manage a career in real-life scenarios. Matt enjoyed spending the day with the children teaching them the importance of budgeting.
Pam Dorn has spent the year mentoring a group of young athletes from ages 5-16. She works with them on goal setting and affirmations. In the last year she has been amazed by the goals that the children have set. Pam worked with a five year old on long terms goals. A five year old mapped out how she wanted to be a Disney princess; brave, kind, smart, humble, pretty and loving. The passion that the young kids have hold a special place in Pam’s heart.