If you’re looking for something to do this weekend, Bob Dylan just released his first song in eight years. Apparently it’s a 17 minute song about the assassination of JFK, so there’s that. Also, season 3 of Ozark is out on Netflix. THAT is an actual recommendation, not the Dylan song.
In Ep. 114, Tim addresses the question of making a game plan moving forward in these challenging financial times. He clips in a conversation from the Mullooly Asset Podcast between himself, Tom, and Brendan where they discuss questions from clients, messages relayed to clients, their feelings as advisors during this time, and what people should consider when making decisions regarding their investments in this environment.
The thing about volatility is that it works both ways. After weeks of up and down action, we saw another HUGE upswing yesterday in the Dow rising 11.37%. The Dow had a great YEAR yesterday alone.
Here’s what I’ve been reading this morning:
In a tweet this morning, Carl Richards outlined what to do when your financial plan blows up, and one of the points jumped out to me.
- Micro-action: guess what the next step is. Just the next step.
Even outside the context of a financial plan, that’s great advice for anyone feeling overwhelmed. Take it one step at a time. What’s the next thing you can do?