Memories of the global financial crisis still weigh heavily on the minds of many investors. From October 2007 to March of 2009, the S&P 500 lost 55%, creating the greatest market downturn since the Great Depression. For investors who maintained a disciplined approach however, this memory is far less painful, as the S&P 500 has not only fully recovered its losses, but has produced nearly 100% gains. Today's recommended reading article, "You Just Doubled Your Money if You Invested at the ... [Continue Reading]
Articles and resources related to Discipline.
Golf enthusiasts watched Brooks Koepka birdie three of the final five holes last weekend to win the U.S. Open Championship. Brooks finished the tournament with a total score of 16 below par, an incredible feat for what is traditionally one of the toughest tournaments on the PGA tour. With great performances come large rewards, and this win netted Brooks $2,160,000. Even though outstanding golf performances like this can result in big paydays, over the course of a year it is consistency that ... [Continue Reading]
Investing is of course an important component of the retirement puzzle, but getting great returns on your portfolio is not enough alone to be well situated for retirement. The mix between three key variables and having the discipline to control these variables is integral in a successful retirement strategy. These three variables are return, risk, and cash flows. Cash flows are not brought up nearly enough in retirement planning, although without intelligent spending the future is bleak. In the ... [Continue Reading]