One thing investors love, is stability.
The smartest investors often analyze trends, patterns, and other movements in the market in which they invest, allowing them to either invest or withdraw their investment, thus driving market stocks and value.
Britain just voted to exit the European Union, coining the term, “Brexit”, and it shook markets and investors worldwide.
European bank shares had their worst two day fall on record and the British pound fell to it’s lowest level in 31 years, Reuters reported.
You read that correctly, a political vote actually decreased the value of money worldwide.
What is in store for the United States economy since the Brexit confusion?
Are you secure in your investments, and does your family have a financial plan in case of economical collapse?
Tom Sirois of Berkshire Hills Financial can help you get on the right track.
I have spoken with countless people (professionals and non-professionals) regarding stock they are invested in. Though many may “sound” intelligent describing the minutia as to why a particular company is a good investment. For long term investing, I think Warren Buffett has a great way to describe what HE looks for.
Here are four items he utilizes BEFORE he invests in a company by buying their stock:
- Any Good Investment Idea Can be Put in One Paragraph: most great companies are simple and easy to understand (think Coke or McDonalds)
- Circle of Competence and NO Called Strikes: know what you are good at, and do not pick a company at a bad price. Make your BEST decision always.
- Invest in great businesses that have a terrific person running it: Peter Lynch once said: “buy a business that is so good that any idiot can run it because sooner or later one will”.
- These businesses are hard to find, so do not sell them: Buy at the right price, and you will not need to sell these stocks.
A great video that wraps this all up is found here: Warren Buffett on Investment Analysis
When Your Finances Increase Significantly.
It’s no secret that a fool and his money are soon parted. With bankrupt celebrities and even Wall Street needing a bailout, we could all use a little financial education. At Berkshire Hills Financial, Tom Sirois can help you plan investments, take care of past debt, and consolidate your expenses.
When A Loved One Gets Sick
Healthcare is one of the most expensive things that people rarely prepare for. Before you know it, (God forbid), your aunt has cancer, your family is nowhere to be found, and she moves in with you to save money for treatments. At Berkshire Hills Financial, Tom Sirois can help you plan for these dark times, and put a silver lining on that dark cloud, and in your wallet.
When Planning A Large Purchase
Car, boat, truck, or house, a large purchase may seem like a great plan until disaster strikes and you realize you should have budgeted. At Berkshire Hills Financial, Tom Sirois can help you rearrange your finances to fit in the purchase you want and deserve.
Before you really need one
Finding unbiased advice is very hard to come by, but as with many things it is better to have a plan BEFORE your confront financial decisions. For example, if you have young people or individuals who are dependent on you as a source of income, you MUST protect your income if you can no longer work. This can be simply disability insurance or more commonly life insurance. It can cost just a few hundred dollars a year to protect your earning power for the future. But, as with all of these decisions, you need to know what is the best financial decision: Term Life? or a Whole Life Policy? The answer is not always easy to answer. That is where an unbiased financial advisor can help.
Unless you are wealthy like Warren Buffet as a simple conversation with a financial advisor can pay for itself over time many times over.
Since “the Great Recession”, many American households have not recovered their former net worth.
Households in the upper 7 percent (households with a net worth above $836,033) saw their net worth INCREASE by 28%. The remaining households in the lower 93% net worth dropped by 4 percent (to roughly $134,000).
Stated simply, affluent households typically own stocks and other financial holding that increased in value (since 2009) and less wealthy tend to have more of their assets in their homes which have not rebounded.
To read more go to: Pew Social Trends.
Great Barrington, MA