At the end of January, the stock market hit correction territory. This left many investors feeling vulnerable, emotional, and can lead to compulsive portfolio decisions. Investors first step is to have a financial plan with an asset allocation that is appropriate and stress tested. Investors can then invest with a
Since the beginning of the year, ACE Wealth Partners put forward an optimistic outlook for the markets in 2021. The first half of the year offered a solid upward trend. Covid-19 vaccinations are quickly inoculating an increasing share of the global population and new cases have fallen significantly from January.
In an early January article, ACE Wealth Partners put forward an optimistic outlook for the markets in 2021. Although the stock market was choppy and a little stubborn, the first quarter offered a solid upward trend. Covid-19 vaccinations are quickly inoculating an increasing share of the global population and new
With GameStop stock up over 100 percent yesterday, “meme” stocks are back in the news. These returns are based on pure speculation driven by social media without company news or fundamentals. For investors, this creates excitement, anxiety, and fear of missing out (fomo). What should investors do? There are plenty
In this article, Kevin McNab weighs in with leaders in the Denver business community about smart, professional ways to connect in times of crisis. Sometimes it takes moments of great personal and professional difficulty to see how strong your network is. You lean on your contacts for advice, industry information
In this Denver Business Journal article, Kevin McNab explains how a story his grandpa used to tell him about working hard over time to achieve success relates to building prosperity. My grandpa was a wise man. As I was growing up, he used to tell me stories. I didn’t always
With Americans hurting and the unemployment rate at the highest in decades, Kevin McNab explains additional flexibility to take distributions from retirement accounts provided through the CARES Act in this ColoradoBiz Magazine article. Americans entered the year with a great economy, low unemployment, and anticipation of continued economic success. The
We all wish we had a speed boat to build wealth, but building wealth takes time. In this ColoradoBiz Magazine article, Kevin McNab explores how previous Western Michigan Football coach’s mantra “row the boat” relates to building wealth. In December 2012, Western Michigan University announced the hiring of P.J. Fleck
With emotion and fear still prevalent, investors are questioning portfolio decisions leading up to the current bear market. In this Denver Business Journal article, Kevin McNab explains how The Three Little Pigs provide a lesson in building wealth. The stock market entered the year riding the longest bull market in history.
Every recession is different. The feeling people have of being overwhelmed by the circumstances surrounding the situation is the same. We know that there will be a vaccine to Covid-19 and the economy will recover. America is resilient. In this ColoradoBiz Magazine article, Kevin McNab explores fear, hope, and the
The Coronavirus Aid, Relief and Economic Security (CARES) Act has been signed into law. It is the largest stimulus package in United States history and will have significant impact on the economy. The bill’s purpose is to provide relief for those impacted by the coronavirus and the economic downturn. This
Kevin McNab discusses the challenges facing wealth management advisors in the Era of Coronavirus with nationally recognized advisors across the country. Like many organizations, McNab notes that working with two different fears — the health fear and the economic fear — has made this situation difficult. However, he subscribes to
While fear grips investors in a declining market, it is important to take a long-term approach and learn from past bear markets.
The end of the longest bull market in history came to a screeching halt with the quickest correction followed by bear market in history. Many investors were caught off guard. Prior to a bear market, investors should: Have defined financial goals Have a diversified asset allocation according to risk tolerance
Irrational exuberance is a state of mania when stocks increase regardless of deteriorating fundamentals or uncertainty. When this happens, greed, overconfidence, and fear of missing out takes over the mind of investors. In this ColoradoBiz Magazine article, Kevin McNab explores how investors can guard against an inevitable drop in the