Blog

Rates are rising, bond fund values are dropping. Why would I want any bond funds in my portfolio? This is a question often asked by clients. I explain that bond funds are the ballast to the boat to keep your portfolio from violent swings up and downs that stocks often can see.

None of us like to lose money. All of us want a guarantee.  But watch what you fall for in trying to limit losses and agree to something that your gut might be saying "Beware."  Throughout my career as a financial planner, I have seen too many clients not follow their gut instinct. We all want to trust people and often we don't trust ourselves. 

Volatility is normal (and good in the long-term)The recent volatile markets have certainly caused many to worry and begin to second guess their investment choices and risk tolerances.  This is a perfectly normal reaction to the first noticeable market drops since March 2020.  The 5-10% declines in various indexes are perfectly normal for markets that have experience outpaced growth over the last several years.  Unfortunately, there is only so long that this can last.

The holidays are upon us. Halloween is around the corner and Thanksgiving and Christmas/Hanukkah/Kwanza are next. Auditions for a community play last night for a Christmas Carol, made me start thinking of what it means to be charitable. Have you made any charitable donations of time or money this year? Is it something on your financial goal list?

I just came back from a road trip from Georgia to Kansas City and back. With Covid causing travel restrictions, many are finding travel across the U.S. to be the answer. We went to visit a client and friend in Kansas City and while there were able to attend the World Series of Barbeque competition. I learned about burnt ends which are very good, and I wish I saw them on the menus at home. My doctor may not wish that though.

In his Afterword, Brennan gives you a 12-point list of what he considers are the book's most important principles.  As in all things, you can read the list but to be successful, you will need to understand it and have the discipline to put it into practice.  I feel Brennan's list is right on target and something we try to help our clients here at Family First Financial Planning.