Back to Basics Series – Investing – KISS (Keep it simple silly)
In our continued fun “Back To Basics” Series here we discuss Investing our next to last in the series … and just Keeping it Simple in doing so….
From the post:
While many analysis dig so deep into investments that it makes your eyes glaze over, there are really two important parts of investing. KISS – Keep is simple silly
1. Save as much as you possibly can, and s early as you can.
2. Make sure your allocation above is such that during rough rainy times, a.k.a. slowdown/recession you do not eject and sell. Our human nature of fight or flight will take you out of your investment portfolio at exactly the wrong time if you are over allocated to risky investments.
After holding strong at a 1% Q2 2022 GDP estimate for some time, new data entered into their model dropped the estimate WAY down to -2.1% for their most recent estimate…. see far right green line of the graph….
If correct, this means the US is officially in a recession already!
We will talk much more on this soon, but for the record we were very surprised at much of the Wall Street Reaction to this report, most notably interest rates, which went down dramatically!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, please consult your financial advisor prior to investing!
The is the vocal portion of J.K. Financial, Inc. a Dallas Texas Based Fee Only Total Wealth Financial Planning Firm. Founded by John Kvale, a Dallas Texas Fee only Financial Planner and Total Wealth Manager.