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Keeping a long-term focus in face of short-term challenges

July 27, 2021/in Behavioral Finance, Economy /by Jamie M. Lima, MBA, CFP®

As we start to emerge from the COVID-19 pandemic, and life shifts back toward “normal” for many, I have a lot of folks telling me they’re struggling with thinking about long-term planning.

And that makes sense, since we’ve seen how quickly our long-term plans and goals can be turned upside down, and we’ve spent the past year or so dealing with a lot of short-term changes.

So how do we bring the long run into focus without getting derailed by the short run?

One way is by thinking of the long term as a series of short-term challenges, rather than one uninterrupted straight line.

Here are three simple strategies that can help you train your mind:

Inflation is here. 3 Things You Need to Know About It

June 10, 2021/in Economy, Financial Planning, Retirement Planning /by Jamie M. Lima, MBA, CFP®

The Third Round of Stimulus Checks Are Coming: Here’s The Rundown

March 15, 2021/in Economy /by Jamie M. Lima, MBA, CFP®

One year into the pandemic, individuals everywhere are experiencing emotional, physical and economical implications. In an effort to ease the pandemic’s detrimental effects, the federal government has recently passed a third stimulus package called the American Rescue Plan Act.

Eligible individuals and families will receive stimulus checks up to $1,400 per person. As a reminder, here’s what you need to know about your third stimulus check.

Does Impeachment Impact the Markets? A Quick Historical Look At Past Proceedings

January 18, 2021/in Economy, Election, Stock Market /by Jamie M. Lima, MBA, CFP®

On Jan. 13, President Donald Trump was impeached for a second time by the House of Representatives – a first for our nation. Trump was impeached for his part in inciting violence against the United States government.¹ This move comes days before Trump is set to leave office, but it still begs the question – does an impeachment of the President of the United States have a direct impact on the stock market? To answer this question, we’ll take a look at past impeachments – starting with Trump’s first impeachment in 2019.

Now That We’ve Taken a Deep Breath, Here’s a Reminder About Presidential Elections & the Stock Market

November 9, 2020/in Economy, Election, Stock Market /by Jamie M. Lima, MBA, CFP®

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This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Biden Has Won the Presidential Election: Here are the Tax Changes You Should Prepare For

November 9, 2020/in Economy, Election, Financial Planning, Healthcare Costs, Tax Management, Taxes /by Jamie M. Lima, MBA, CFP®

What’ll happen with the outcome of the election?

October 27, 2020/in Behavioral Finance, Economy, Election, Financial Planning, Stock Market /by Jamie M. Lima, MBA, CFP®

Hi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to help you keep cool, calm, and collected in these uncertain times.

I’ve been hearing many questions and concerns from folks about the upcoming elections, especially in light of the President’s previous COVID situation, and the turmoil in Washington.

Trump supporters are worried about a Biden win.

Biden supporters are nervous about a Trump win.

Whichever side of the political divide you sit on, you might be anxious about who is going to win and what it could mean for your money.

I get it. Emotions are running high, and the way things are going this year, it seems like anything could happen. I’m not here to make predictions, but I can offer some insight.

So… will it actually be the end of the world if “the other guy” wins? Here are three things to keep in mind.

One: We can expect market volatility because we’re in uncertain times. The good thing is that we can prepare for that volatility and mentally get ready.

Two: Even if the other guy wins, his ability to change regulations really depends on what happens with the House and Senate. If the two branches of government remain split, we probably won’t see major changes any time soon.

Three: While the election is top of mind right now, it’s not the only thing driving markets. We’ve got a pandemic, an economy recovering from a recession, and a society undergoing major shifts. My job is to keep an eye on all of that, so you don’t have to.

I can’t predict who will win or what will happen next. But, I can help you work through scenarios and make plans for an uncertain 2020 and 2021.

If you have questions about how the elections might affect your portfolio or you’d like to talk one-on-one, please use the form below to send me a message. I’ll respond personally.

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What can Navy SEALs teach us about handling uncertainty?

October 20, 2020/in Behavioral Finance, Economy, Financial Planning /by Jamie M. Lima, MBA, CFP®

Hi, I’m Jamie with Woodson Wealth Management, and I’m going to help you make better decisions when the world is uncertain.

Cryptocurrency, COVID and Economic Uncertainty: Here’s Where Things Stand in Fall 2020

October 18, 2020/in Currency, Economy, Investments /by Jamie M. Lima, MBA, CFP®

Bitcoin made its debut in 2009 and has grown exponentially since. As of mid-September, Bitcoin was valued at a little over $10,800 per coin.¹ Cryptocurrency and the blockchain technology has continued to gain popularity over the past decade, and investors are still turning to this alternative market in 2020. As we continue experiencing a year of financial uncertainty, here’s where the world stands when it comes to cryptocurrency.

How to avoid three of the worst behavioral mistakes investors can make

October 13, 2020/in Behavioral Finance, Economy, Election, Financial Planning, Investments, Recession /by Jamie M. Lima, MBA, CFP®

Hi, I’m Jamie Lima with Woodson Wealth Management, and I’m going to teach you how to avoid three of the worst behavioral mistakes investors can make.

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