With the recent roller-coaster-like activity we’ve seen in the market, I thought this article would be well worth sharing: 7 Ways Your Brain Makes You A Terrible Investor
During these last few weeks and months, we’ve advised most clients to stick with their current strategy and to avoid the thoughts discussed in the article.
Over the weekend, Ohanesian / Lecours sponsored a 5k and 10k trail run at Sessions Woods in Burlington. Proceeds from the fundraiser go to help protect Connecticut’s forest and the hundreds of miles of trails that run throughout the state. Interested in learning more about CFPA? Learn more here.
Our very own, Erika LeBaron came in second place in the 10k for her age group and won top spot for “Best Fundraiser”. My wife, Jess was the second female to cross the finish line and won her age group in the 5k! Here are a few pictures from the day.
Our staff at Ohanesian / Lecours is growing. Leia Caponegro recently joined the firm as a Client Service Support specialist. She has a lot of responsibilities and clients will likely hear from her soon (if they haven’t already). Currently, she is assisting clients who are now required to take a Required Minimum Distribution from their IRA. She brings a wealth of experience and we’re happy that she joined our team!
Investor’s Business Daily recently wrote an article entitled “Is The American Dream Dead for Millennials And GenX?”
The article paints a bleak picture for younger generations and backs it up with some supporting research in an effort to make a convincing argument. The premise is this: the recession forced younger generations into lower paying jobs that will affect them for decades and they are forced to take on more debt which will be an added burden for decades to come.
This is a great example of the media trying to scare us. Yes, every generation has its issues and some of today’s younger generations have to deal with the effects of starting their career during the recession. The article doesn’t go into the lessons these generations have learned, such as being more cost conscious. Or how that could benefit them down the road.
A line in the article reads “The Silent Generation, those born from 1925 to 1942, “did the best of all because they lived in the golden era of economic growth”. But in many cases their careers got started shortly after the Great Depression. What’s preventing the struggles of today’s younger generations from fueling them and propelling them to a new level of wealth?
We’re seeing increased innovation and scientific breakthroughs on a daily basis. The world economy is more accessible than ever before, allowing billions of people to connect. The internet is igniting our imagination to think and operate on levels that older generations couldn’t even dream of. Despite what we hear in the news, the world is safer, healthier, and wealthier than ever before.
To me, the American Dream is far from dead. I believe that younger generations will continue to push the boundaries and make the world and their own lives better.
CNBC posted an article online yesterday about how to collect social security. It’s over simplified and generalizes the issues and concepts. The interesting part was the number of comments the article received. Close to 600 comments over the last 36 hours! It was scary to browse through these comments to see all the misinformation that was being spread among the commenters.
If you’re thinking about Social Security, or have questions, talk to us. We can help to think through the issues with you and help you avoid some of the common mistakes folks make.