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 captivating story about five investors who each received a cash gift from their fairy godmother to invest. While some made thoughtful, strategic decisions that grew their wealth, others made choices that didn’t have the same positive outcomes. Tune in to the video above to explore the different paths these investors took and the lessons they learned along the way.
In today’s episode of Matt’s Minutes, Matt shares an analogy that connects to your finances and long-term goals. Rather than focusing solely on the specific investment (the “vehicle”), it’s more important to focus on the overall journey (the “road”) and the path to your financial future. This shift in perspective can help guide you toward better, long-term financial planning.
In today’s episode of Matt’s Minutes, we’re diving into the concept of hindsight and asking, “Is it really 20/20?” While hindsight gives us a clearer view of past decisions, the decision-making process itself is what truly shapes our outcomes. In this video, Matt explores how seeking wise counsel can lead to more informed choices and better results. If you’re navigating important decisions, don’t hesitate to reach out for the support you need on your journey.
In today’s episode of Matt’s Minutes, we dive into the concept of loss aversion—a powerful psychological principle that explains why the fear of losing often outweighs the pleasure of winning. A study referenced in this video reveals that, on average, people need to win twice as much as they lose to justify participating in any venture with risk. In other words, the emotional sting of a loss can be twice as painful as the thrill of a win.
Understanding loss aversion is crucial in assessing your risk tolerance—how much risk you’re willing to take in your investments and financial decisions. This episode will provide valuable insights into how this behavior impacts the way we approach investing.
To help you assess your own risk tolerance, we’ve attached a unique and fun risk questionnaire for you to take. By answering a few simple questions, you’ll gain a better understanding of your personal appetite for risk. After completing the questionnaire, feel free to email us your risk score or letter at Help@rossfinancialinc.com—we’d love to hear your results and help you apply them to your investment strategy!
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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.
The 2023 AdvisorHub 200 Fast Growing Advisors to Watch ranking is based on an algorithm of criteria, focused on three key areas: Quality of Practice, Year-Over-Year Growth, and Professionalism & Character. The rankings weigh the scores in Quality and Growth more heavily than other areas. Time period upon which the rating is based is from 1/1/2021 to 12/31/2022 and was released on 6/20/2023. Advisors considered have a minimum of seven years’ experience, a clean regulatory record with 2 or fewer complaints and no significant judgements, must have been with their current firm for at least two years and in good standing, and have at least $100 million in assets under management. Out of 1,246 total nominations received, 200 advisors received the award. This ranking is not based in any way on the individual’s abilities regarding providing investment advice or management. This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with AdvisorHub.
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