Putting your investing on autopilot is often a useful strategy when you are accumulating assets, but as you approach retirement, your portfolio could likely benefit from regular monitoring and these adjustments.
Author Archives: Gage Paul, CFP®, RICP®, EA
Rehabbing Your Investment Portfolio
The thought of investing in the stock market can seem intimidating but following a systematic process to begin or resume investing in the stock market can be a useful way to increase your equity exposure over time. The stock market exposes you to additional risks but when these risks are managed appropriately, it can provide you a greater chance of funding your long-term goals.
Resisting the Temptation of Trendy Investments
Attention is a scarce resource and competition is often fierce in investing space. The idea that investing is not meant to be exciting, and you should get “rich” slowly does not create mass appeal. This leads to trendy products being pedaled to the uneducated consumer audience. These products tend to be more expensive and less effective than a less flashy alternative.
Using Wealth Promoting Investing Patterns
By using either dietary or investing guidelines you can customize the framework to meet you where you are and develop patterns that will drive positive long-term results. Consistent good decisions, however small they may seem, can make a huge difference when compounded over a lifetime. Make every bite count, make every dollar count.
The Practice of Financial Planning
You can make creating a financial plan an event, something that you do once, where you place the resulting binder on a shelf to remind you of its completion. Or you could make financial planning a practice where you regularly review your plan and make informed decisions and adjustments as life plays out.
Specificity in Investing
In training and investing, we are dealing with limited resources and have to find balance and make compromises as a means of achieving our set objective.
Pain and Underperformance
For many, investing can be seen as a “painful” experience, because you often expose a portion of your portfolio that experiences market volatility. When investing you must determine if the pain you are experiencing is indicating harm (damage) or is to be tolerated.
How Much “Risk” Must you Take?
Risk presents itself in many forms and changes with time horizons. Balancing the type of risks you face is an art rather than a science.
How to use RPE in Retirement Planning
What is RPE? When I exercise, I track the number of reps, weight used and judge the difficulty of each set by estimating my rate of perceived excretion (RPE). Rate of Perceived Exertion is a way to measure the intensity of an exercise. It is based on a 1-10 scale, with 1 being a very lightContinue reading “How to use RPE in Retirement Planning”
Understanding Medicare When Retiring After 65
If you are over 65 and still employed Medicare can be confusing. There are many decisions one must make when choosing healthcare coverage.