This is a question we ask ourselves daily as we try to determine when is the right time to rebalance your portfolios. Rebalancing means re-positioning portfolios back to their target allocation by way of selling bonds (which are positive for the year) and buying stocks. It may seem as if things couldn’t possibly get… Read more »
Normal market fluctuations shouldn’t be a concern if you’ve prepared appropriately for market volatility and you should continue living your life and spending your money as you usually do. Here’s a 3-point checklist to see if you have done the work necessary to keep your finances on track regardless of what the financial markets… Read more »
You may be asking yourself: what is “fiscalosophy”? It is a key component in creating a successful financial plan. Other than a balanced portfolio, you also need to know what is important to you and why. Your backstory of how you view money and investments can have an impact on planning your finances. Have… Read more »
In just seven trading days, the S&P 500 went from an all-time high to now down 15% (incredibly, we are just 5% away from the first bear market since 2008). While the virus has yet to spread widely in the U.S., that outcome is now considered inevitable, and incidence of the virus has been steadily… Read more »
As part of the financial planning process at Ogorek Wealth Management, we talk about how market volatility is a normal part of investing and how we structure your investments to “weather the storm” which will maintain a comfortable level of income for you and your family during turbulent times. We also understand that even… Read more »
A big question that most people have when it comes to their money is: “How am I doing?” One way we tend to look for answers is by comparing what we have to what our neighbors, friends, and family, have. Even though we know deep down that “the grass is always greener on the other… Read more »
Vacation homes can provide years of enjoyment and fond memories for multiple generations of your family. They can also create an extra layer of headaches and expenses that prove more trouble than they’re worth. Here are 4 reasons to think twice before buying a vacation home, even if doing so won’t break the bank: … Read more »
When we ask our clients to describe their ideal retirement, two of the most common responses are “healthy” and “secure.” In our experience, most successful retirees find ways to align these two goals … and throw in a little fun as well. In fact, it seems that there’s a definite psychological connection between how we… Read more »
If you count 2018’s fourth-quarter drop in stocks as a bear market (stocks fell 19.5% instead of the 20% required for a technical “bear market”), 2019’s recovery (blue line on the chart below) is right in line with the average historical recovery following bear markets (red line). What’s more, the chart suggests the stock market… Read more »
