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Wiser Wealth Management Blog

portfolio emergency procedures
Retirement & Investing

Portfolio emergency procedures

In the same way that pilots are trained for emergencies, so has your financial advisor.  Let’s review the portfolio emergency procedures with an example.  You are a passenger on a flight, rolling down the runway, preparing for takeoff, then slowly ascending up in the air and suddenly the right engine catches on fire! You feel panicked. Does anyone else notice this? Inside the cockpit, the pilot gets a right engine fire alarm. He verifies that it is a fire and calmly goes through a series

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Research & Economic Commentary

First Quarter 2020 Market Commentary

First Quarter 2020 Market Commentary At the beginning of January this year, I could not have predicted that I would be writing about a stock market decline of 20% year-to-date, the worst quarter in 12 years. This has been an exhausting quarter, with stocks moving 10% up or down on individual trading days. In January, most predicted that 2020 would bring a market return in the rage of 3-5%. Last summer, we grew concerned about a Trump/Sanders election and then a Sanders win. We began

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cash blog cover
Retirement & Investing

Is your plan ready for cash withdrawals?

Ca$h. Who doesn’t like to have some on-hand? We all know the answer to that question. The real question is – if you are taking cash withdrawals as income from your investment portfolio – do you have enough cash-on-hand to last through this bear market caused by the Covid-19 coronavirus period of uncertainty? On average, a bear market for the Dow lasts 206 trading days, while the average bear period for the S&P 500 is about 146 days, according to data from Dow Jones Market

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Stocks or cash?
Retirement & Investing

Should I just go to cash?

What just happened? Just over a month ago, the stock market hit all-time highs and unemployment was at record lows. Now, the market has dropped over 30% from intra-year highs, there will be a recession or even talks of a depression, and unemployment claims have skyrocketed into the millions.  You may be asking yourself, should I just go to cash? This is an unprecedented time, especially in such a short period. It was caused by an exogenous event, the coronavirus, that we could not have planned

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Research & Economic Commentary

Letter to clients – March 27, 2020

Congratulations on not panicking and selling in last week’s horrible sell off! Give your future self a high five. The Dow and the S&P 500 have recovered from the lows set last week by 20%. This large rebound technically ends a very short bear market and is the start of a new bull market, although I would not be surprised if we tested our market lows one more time before we have a large move upward. There is a saying that bear markets die on

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Coronavirus update
Research & Economic Commentary

Letter to Wiser Clients March 23, 2020

Dear Wiser Client, I keep looking at the long-term chart of the US stock market. Looking in the rear-view mirror on a chart, it’s easy to find the points during past crisis where I can think, man if you bought stocks there… you would have doubled your money in a short time. It’s also easy to say if I had gotten out there, I could have avoided the pain. Then, I compare the chart to the news events of that time. The oil crisis in

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Research & Economic Commentary

Letter to Wiser Clients March 18, 2020

This week has been one of those weeks where you just want out of the stock market. You are tired of seeing your balance decline. There are a million reasons to keep holding on or investing more, but you don’t remember them exactly. Stay the course. Every dollar into the market buys more shares, every dollar not sold is a dollar that is still generating interest, dividends and will rebound in value. Liquidating could be the end of your future financial security. For our retirees

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Research & Economic Commentary

Wall Street Sell Off

As the market is trying to analyze the economic impact of the coronavirus, it now has to also analyze what cheap oil means for the oil industry and the overall economy. Recent events between Russia and Saudi Arabia have caused oil price to drop below $30 a barrel overnight. This will bring added volatility to the markets. In addition to oil and the coronavirus, bond prices have surged to the highest prices ever, which can also bring new risks on monetary policy by the Federal

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young adult finance
Personal Finance

How young adults can take control of their financial future

Youth is a golden financial opportunity. On average, the younger you are, the fewer expenses you have. People in their 20s are more likely to live at home or with roommates than their older counterparts, and they’re less likely to have big expenses like mortgages or children. Theoretically, young adults should be in a great position to plan for their financial futures. The reality, however, isn’t quite as clear-cut. According to a 2018 LendEDU survey, almost half of millennials spend more on dining out each

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Research & Economic Commentary

Fear versus Data

No one likes losing. It is in our human nature to suppress our losses and focus on our wins or even to just avoid losing all together. When looking at stock market performance, investors are frequently motivated by fear versus data.  It is a known fact that investor behavior can erode as much as 4% annually from market return versus personal returns. People often ask me, how do I “Trump proof” or “Bernie proof” my portfolio? Or, how do I avoid a 2008 again? The

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