In this video, CCM Chief Investment Officer Adam Hoffmann, CFP®, AIF®, offers context on 2021 market performance, including recent volatility and strong returns. In addition, he reminds investors of how they can best influence performance and the ways in which CCM partners in this work. NOTE: The information provided in this video is intended for clients of Carlson Capital Management. We recommend that individuals consult with a professional advisor familiar with their ... [Continue Reading]
Articles and resources related to Discipline.
With the U.S. Open recently crowning its champions, I’ve had tennis on my mind. I imagine that for most people, when they think about the sport of tennis, they’re not thinking about how much in common it shares with financial planning. Maybe at first glance, one might think I’m referring to the financial gains one might benefit from by doing really well and succeeding at each of these disciplines. However, what I’m referring to instead is that in both tennis and financial planning, strong ... [Continue Reading]
Reflecting on a year gone by is often, at least to some extent, an exercise in revisionist history. This isn’t necessarily a bad thing; many of the differences between our memories and experiences are minor and inconsequential. In some cases, the variations in these realities can help us persevere and move out of the past and into future endeavors. But as investors, revising the memories of the past can be problematic and potentially hinder future success. Behavioral finance is the study of ... [Continue Reading]
The upcoming U.S. election is proving to be one of the most highly contested and polarizing in recent history. With control of the presidency, house, and senate on the line, in addition to a multitude of key state and local races occurring across the country, the stakes are clearly high. Adding further complexity and complication to the mix, we continue to navigate the challenges of a global pandemic, where the health and safety of the electorate are at risk. It may come as no surprise that ... [Continue Reading]
As the chart below shows, 2020’s second-quarter rise in equity market performance was as dramatic as the previous quarter’s decline. With plenty of bumps along the way, the S&P 500 is now up more than 40% from the bottom on March 23. 1 If we view these recent extreme market events as isolated time periods, we can see the sharp contrast between the first two quarters of 2020 (Chart 1, below). These quarters were truly “tail events.” Q1 produced the fifth worst return, and Q2 ... [Continue Reading]