If you follow investing much, you may have heard some talk recently about the US stock market reaching all-time highs. This is true; as I write this the Dow Jones Industrial Average recently crossed the 20,000 mark for the first time ever, along with new high marks for the S&P 500, the NASDAQ, and various other US stock indices that measure market performance. This seems like a good thing, and probably is for those of you invested in US stocks who have seen some nice growth lately. However, along with these record highs comes plenty of doubt and fear. Are stocks too expensive? Are we due for a correction or market decline? Should I get out while the getting's good?
"Why am I doing this?" This question crossed my mind more than a few times recently as I detached myself from the real world for hours (days? months?) at a time to study for my CFP® (Certified Financial Planner) Certification Exam. I studied after work until I fell asleep, I studied while I ate lunch, I turned down plans with my friends. I knew it was important for me to get this certification, but why?
As Tuesday, November 8 gets closer and closer, we receive several questions and concerns about how the presidential election will affect the stock market. I'd love to say we had a crystal ball that would tell us who the next president would be and how that person would influence the markets, but we have yet to find it. Perhaps the best way to address these concerns is to take a look at past elections. While historical data is no guarantee of future results, it can be a good barometer of what we might expect in the next few weeks.
Excitement is building for your child who is about to move out of the house and into a college dorm. As the parent, you are, of course, proud and ecstatic she has been accepted and is attending her favorite college, but at the same time you're a little apprehensive. So many thoughts are running through your head about her moving away from home and living in the big world with all the various decisions to face every day.
As the countless fears may be crossing your mind, one may include getting that dreaded phone call, the one you have had nightmares about in the middle of the night. The phone call notifying you that your child was in an accident. So you rush to the hospital ... But wait, didn't your child already have her 18th birthday? Yes. Well, this means they are a legal adult, and you as a parent no longer have the power or ability to obtain any knowledge or make any decisions for your young adult without the proper legal estate documents.