A Checklist for Retirement Planning
Written by Jason Hiley
Written by Andrew Hunt
There’s a joke circulating online that, if you commit a crime and you need to hide the evidence, you can stash it on page two of a Google search. At least 90 percent of the time, nobody looks there. In fact, about half of our clicks are bestowed on the first two hits we see.
The serious implication behind the satire is that it remains at least as easy as ever to be overly influenced by what others have decided should be the most important information we receive. Behavioral finance has identified any number of ways we tend to give too much weight to just these sorts of hits that popular curators feed us. The results can tempt us into believing that leading financial news – the Chinese economy, global oil prices, interest rates, and so on – should be the driving force behind our next market moves.
We’re here to remind you: If it’s headline news, it’s already been incorporated into market pricing. Even if we could predict the outcomes (we can’t) it’s too late to act on them – so you shouldn’t. Instead, consider the following observations related to the recent market correction. While perhaps less splashy, they are far more important to your enduring financial interests.
These pieces of advice and many others we could share made good sense earlier in the year. They make good sense today. The evidence is strong that they will continue to make good sense tomorrow, regardless of what is breaking on the Internet. As always, if we can answer any additional questions about your own portfolio or the latest financial news, please be in touch.
We would love to invite you to learn more about Hiley Hunt Wealth Management and who we serve in Omaha, NE –Financial Planning and Investment Management.