Financial guidance for financial independence

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2016 Year End Thoughts

As we round up the year, I often like to reflect back on all that occurred.   2016 proved to be an eventful year, full of geopolitical headlines and personal pivots.  While I will spare you all the granular details of both, I will leave you with some knowledge that I have learned to be true; especially most recently.  My hope is that you might also be able to apply one or two of these beliefs to your monetary mindset in the upcoming year.

  1. Your investments are only a means to what is really important.
  2. Don’t over think.  More often than not, the simplest solution turns out to be the best solution, even (and maybe especially) if it places you outside of your comfort zone.
  3. People feel the pain of losses more than the pleasure of gains.  That is why it is important to put the proper risk and diversification parameters in place within your portfolio.  The key is not to predict the future, but be prepared for it.
  4. Asset allocation and investment selection cannot solve a poor savings behavior.  The best way to double your money is to fold it in half and put it back in your pocket.
  5. No one should look anxious besides those individuals who have no anxiety.  It is good to worry because that means you care; but always remember to keep it in perspective, not letting it sidetrack your happiness or goals.

Happy holidays and a very prosperous New Year to all!