Developing a Financial Plan You Can Stick With. Money Not Math 126

Developing a Financial Plan You Can Stick With. Money Not Math 126

“Think back to December 2019. The economy was humming. Unemployment, interest rates, and inflation were at historically low levels. But then what happened?”

“I don’t know anyone who predicted all of that back in December 2019. But what if someone had? What would you have done?

Next question: What if that person told you that, despite all that news, the Russell 3000 would average a return of 10% a year over the next three years?4 Would you have believed them? Would you have stayed in the market?”

“The past three years were a good test of whether or not you had an investment plan that was sensible to stick with. So take a moment to think about why you did what you did, and prepare for next time. Because the next three years may be just as uncertain.”

“Even the greatest plan is no good if you can't stick with it during tough times.”

Article referenced and quoted: “This Has Been a Test: Developing a Financial Plan You Can Stick With” by David Booth chairman and Founder of Dimensional

Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

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