As 2020 began and COVID-19 swept across the globe, it was hard to imagine the magnitude at which the impact of the disease would be felt. But as the actions that needed to be taken to slow the spread of the virus became more drastic and the impact of those actions became more apparent, the stock market responded with the swiftest bear market on record accompanied by a recovery that was just as swift.
There are many reasons you probably chose your career. Maybe it was the excitement of future opportunities, the salary, or the flexibility. For me, my reason was simple: I wanted a career where I could have a significant impact on people’s lives while using my passions and skills. We all know that money, and how you handle it, can make or break your life. I became a financial advisor so that by helping people with their money, I am helping them with the rest of their lives too.
Most of us can point to specific people or events that influenced our decisions and made a significant impact on how we live our lives. For me, it was the inspiration and example of my grandfather that led me to where I am today. When I was young, I vividly remember my grandfather making stock calls. But it wasn’t just his example that inspired me; he included me in the process and took the time to explain the importance of saving and the “why” behind his investment choices. When we got to the concept of compound interest, I was hooked. I loved the idea of small progress adding up to big results over time and what a difference that could make for your future. I wanted to do for others what my grandfather did for me, providing lasting value in their lives and helping them build a solid financial foundation.
Exciting and hopeful news this week from Pfizer. You may be wondering about the safety of a vaccine. See the article published today in the WSJ for perspective.
This Wall Street Journal article that highlights the mental and internal benefits our bodies receive based on our food choices was pretty interesting, relating the foods we eat to our moods and stress levels.
Elections can move the market, but that doesn’t mean you should change your approach.