In today’s episode of Matt’s Minutes, we are talking about CD rates, which are currently favorable. But it is crucial to consider potential shifts in other areas of the market for investment options for long-term growth. In this interesting visual I share, we can see from history that when CD rates were at their peak, other areas of the market might have been a better place to invest one year later. Click play above to watch the full video.
In this episode of Matt Minutes I am using a very basic analogy pertaining to shopping and how it can affect the markets more than the news that we hear or read about. It’s alright to be concerned about things going on around us, but you need to make sure to put it into perspective.
Takeaways: Don’t let the current crisis of the day, week, or month derail your long-term investment plan. Or, better yet, don’t let your personal convictions and emotions dictate your financial decisions. While staying informed about current events is crucial, it’s equally important to remember that the market is influenced by a multitude of factors, not just the latest headlines. It’s important to maintain a rational and objective approach when it comes to investing.
In this episode of Matt’s Minutes, Matt shares a tale of five investors. In this story, each of these investors received a cash gift from their fairy godmother to invest. Some investors used their gifts wisely, making strategic investment decisions and multiplying their wealth; others did not. Click on the video above to see the various outcomes for the five investors.
In today’s Matt’s Minutes, we’re talking about an analogy that resonated with Matt and how it correlates to your finances and your long-term goals. Thinking less about the ‘vehicle’ or the specific investment and instead more about the ‘road’ and the journey ahead will help your long-term financial plan and goals.
In today’s episode of Matt’s Minutes, we are discussing hindsight—is it really 20/20? Hindsight may seem like 20/20 vision because it allows us to see the consequences of our choices more clearly. However, it’s important to remember that the decision-making process itself plays a crucial role in shaping those outcomes. Seeking wise counsel can often lead to better outcomes and help you avoid potential pitfalls. So don’t hesitate to reach out to us for the support you need on your decision-making journey.
In today’s episode of Matt’s Minutes, we are talking about the concept of loss aversion. The study I reference in this video highlights the fact that most people need to win twice as much as they lose in order to participate in any venture that involves risk. Said differently, the sting of lose hurts twice as much as the thrill of win. This finding sheds light on the importance of understanding our individual risk tolerance and how it can impact how we invest. Attached to this email is a risk questionnaire. It is a very unique questionnaire that is actually fun to take. Please take a few minutes to answer the questions, you can gain valuable insights into your own appetite for risk. If you do answer the questions, please email us and let us know what your risk score or letter is. Help@rossfinancialinc.com
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Matthew Ross has been named 2024 Forbes Best-In-State Wealth Advisors, developed by Shook Research, is based on the period from 6/30/2022 to 6/30/2023 and was released on 4/3/2024. 42,108 nominations were received, and 8,500 advisors won. Neither Raymond James nor any of its advisors pay a fee in exchange for this award. More: https://bit.ly/43DMgjX. Please see https://www.forbes.com/best-in-state-wealth-advisors for more info.
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