Reiber Wealth

November 8th is making a lot of headlines! What do the elections mean for you? SPOILER: Markets haven't been as partisan as either party would have you believe.

Midterm Elections—What Do They Mean for Markets? For the upcoming midterms, commentators are likely to offer opinions on who will win and what impact the vote will have on markets. Looking at returns since 1926 shows that months when midterm elections took place did not tend to have returns that different than any other month.

Don't rely on gut feeling and the news for your future well-being. Let's put YOU back at the center of YOUR plan.

"Pretend Investor Disease works by convincing you to buy an investment at a silly price for no other reason than the hope that it will continue to go up so you can sell it to someone else at an even sillier price." Ouch. Time to stop pretending.

Hope is not an investment strategy - Behavior Gap The only way we know to combat PID (Pretend Investor Disease) is to have a rock-solid investing plan, based on your values and goals, that you don’t change when other people around you are doing things that look foolish.

We have all heard the tragic stories of families losing their homes in a disaster. Sometimes, those folks haven't reviewed their insurance coverages since they bought their house. Replacement costs are up. The unprepared will end up paying the difference from their savings. Are you prepared? I don't sell insurance, but I do help my clients see the big picture.

“Wealth is not determined by investment performance, but by investor behavior.”

"Fads are always an easier sale"

- Nick Murray

I am seeing a lot of gimmicks disguised as hot takes. Ideas that boost ratings probably don't boost your chances in retirement.

TLDR: the best questions from this list

3 Will you have a fiduciary duty to me?
6 Will you be the only advisor working with me?
8 Do others stand to gain from the financial advice you give me?

Don't settle for less than an advisor who acts in your best interest.

10 Questions to Ask Your Financial Advisor Ask these questions at your first meeting with a CFP® professional, or send them in advance so the advisor is ready to address them when you meet.

In a world where employers have largely done away with pension plans, "How much do I need to retire?" can be an unsettling question. I help clients see their options and get a handle on their future. No matter your starting point, it's a great time to make a plan...just not an ostrich plan.

Many want the big firm experience but aren't thrilled about calling an 800 number to speak with a robot or an ever changing advisory team. Get local fiduciary financial advice but keep the big firm technology. It isn't 90s anymore - even if some of you want that slap bracelet to come back! You can expect more.

Many folks say they have an advisor. But, are your conversations infrequent and focused on the current market? Finance is so much more than the daily stock market fluctuations. Even for retirees, there are estate, insurance, tax, and a host of other areas that all make up your life plan. Many grow tired of the same old market conversations and don't see the need to meet with their advisor.
Trust or complacency?

Why You Should Continue Meeting with Your Financial Planner Well into Retirement It is important to continue to meet with your financial planner well into retirement to ensure you are financially on track. Your financial plan will need routine maintenance and check ins.

https://www.dimensional.com/us-en/insights/the-cost-of-trying-to-time-the-market

Speculation regarding market trends can lead to missing recoveries. Advisors should help their clients maintain a long-term focus, rather than guessing what will happen next.

Missing the Market’s Best Days There's no proven way to time the market. The cost of trying can be high.

https://www.dimensional.com/us-en/insights/market-behavior-and-the-weather

Last week, our family went to Florida. Almost every day, we had some rain in the afternoon. But, most of the trip showcased the trademark beauty of the Sunshine State. I wonder if we view markets the same way -or- if the current showers have us ducking for cover.

Market Behavior and the Weather Investors can focus on the daily rain clouds and sunshine the markets bring. Or they can think about the long term.

Excited to expand the Reiber Wealth message onto Facebook! Look for upcoming updates