Happy Memorial Day!
My blog brought to you by Legacy Investing & Wealth Management gives you a quick and easy read focusing on stock market education, empowering the newer investor as well as giving you the most recent stock market analysis. For more information including past blogs please go to www.LegacyInvesting.net; look for the Market Mondays tab under “The Legacy” for all blogs.
Why is financial planning important for your future? Why should you have a written financial plan and monitor/update it frequently? If you gave a blank stare on both questions then it’s time to take an honest look at your personal finances and start planning for the future. If you’re ok with working until you’re in your 80’s and robbing Peter to pay Paul then no planning is needed on your part lol.
Back in 2010 I began mapping out our financial future year by year, factoring in unexpected expenses and steering our retirement. To help me do this I developed a formula-driven spreadsheet (Roadmap to Financial Freedom) detailing where we’ll be each and every year for as long as I want. I know when we’ll become millionaires and approximately how much each of our accounts will be worth at any given time. My Financial Freedom package offered on my website includes these tools to help you get started.
People are always looking for a get rich quick scheme but investing and planning for your future is the total opposite. It’s a slow calculated process where if you are diligent you will reap the benefits and assure yourself the early retirement you deserve. There is a bible verse that I added to our spreadsheet that says “Money wrongly gotten will disappear bit by bit; money earned little by little will grow and grow – Proverbs 13:11 (Contemporary English Version).
The S&P 500 ended the week at 2415, another all-time record close. Last week it sold off to around 2350 over concerns about what a possible impeachment of the President would mean for the tax reform and overall Republican agenda. Those fears quickly subsided and now we’re back to breaking records almost daily. Wall Street could care less about who is in office as long as the tax reform plan is still in place.
Last week I banked my largest single trade ever. Take my class and I’ll reveal some of my money-making trades ;). I’m also testing some other types of investments with more to come on that.
Gold is back on the rise and technicians see a break out to the upside soon. Some people think gold is not an investable asset but it most certainly is. It’s actually done much better than the S&P 500 since 2007. Generally, most asset classes have been rising with the exception of a few.
Please visit our website at www.LegacyInvesting.net and contact us today for a FREE consultation on becoming financially fit and learning how to make money investing in the stock market. You can make money in ANY type of market (bull or bear). When we meet I’ll give you more information about our services and find out what your financial goals are. If I can help you, we can move forward; if not, no problem but I’m always just a phone call away from any questions or quick advice you want. Get your finances in shape this year! Let’s connect and build generational wealth together. Enjoy the rest of your Memorial Day holiday and have a great week!
Disclaimer – Legacy Investing & Wealth Management LLC or any of its advisers are not liable in any way for any losses incurred through trading by readers of this weekly blog. Any information or strategies of trading suggested here involve risk of capital loss and this weekly blog is not considered investment advice. Individuals who invest in securities are solely and completely responsible for any and every outcome that may occur.