Quadrant #2 of Saving: Personal Vision

Last week we explored Quadrant #1 of Saving, or Personal Vision.  This week we take the next step beyond vision to build a portfolio that attempts to bring the vision to life… at some point in the future.

portfolio

This is what “Quadrant #2 of Saving” is all about:  Building a Portfolio.

Unfortunately, this step is often mistakenly addressed first (prior to the vision step) by investors and less-qualified advisers alike.  Why?  Because the portfolio is the part everyone likes to talk about!  Of course, the portfolio is essential; but success depends first on Quadrant #1 and addressing the “Commonly Overlooked” items (see last week’s edition).  plan must be in place to build the savings that go into the portfolio — no savings, no portfolio. Continue reading “Quadrant #2 of Saving: Personal Vision”

The 4 Quadrants of Saving

What are you saving your money for??  Or maybe I should take a step back and ask, ARE you saving?
Saving
Life is a lot easier with savings in the bank (no ####, Sherlock).  However, the act of getting around to saving money may be one of the hardest tasks to achieve in life.  It can help first to figure out for what — and when and with whom — would we even save in the first place?  Accumulating savings can be much more attainable after asking yourself these questions.  From here, a “savings plan” can begin to form.

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Market at Record High: 5 Theories

How about the recent article I read in The Wall Street Journal titled, “Why Do U.S. Stocks Keep Hitting Records? Here Are Five Theories.”* There are at least five reasons for the recent (mostly) strength in U.S. — and global — stocks. Based on historical returns, a nod toward cautious optimism is always healthy as well.  For my long-time readers, this means I will also reference “The Greatest Chart Ever”! Read on…

WSBull

Continue reading “Market at Record High: 5 Theories”