There is a reciprocal relationship between how we behave and what we believe. Many of us have an inclination to move from euphoria to despondency , from faith to fear. Financial history has always been a roller coaster ride of up and downs and this time is no different. It is important that we see ourselves and our money as being in continuity with longer term economic history as opposed to being separate or apart.
The funding of our personal/family long term goals is why we are investing in the first instance. The range of possible outcomes depends on our actions- on our behavior- at times such as this. It is important that we not fixate on the short term political/economic turmoil and stay with our long term plan. That is the best path to recovery.
Observations and Perspective about Economics and Personal Finance
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James Wilson, CFP(r)
About Me
- James Wilson
- Columbia, SC, United States
- I am the Founder/CEO of J.E. Wilson Advisors, LLC in Columbia,S.C. We are the oldest S.C. based Fee-Only financial planning/wealth management firm in S.C. I am a veteran of over 30 years in the financial services field, first with a national stock brokerage firm and since 1982 my own advisory firm.
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Books
- Basic Economics - T. Sowell
- Stocks for the Long Run - J. Siegel
- Simple Wealth, Inevitable Wealth - N. Murray
- The Black Swan - N. Taleb
- Fooled By Randomness - N. Taleb
- Enough - J. Bogle
- A Random Walk Down Wall Street - B. Malkiel
- Capital Ideas - P. Bernstein
- The Intelligent Asset Allocator - W. Bernstein
- The Ascent of Money - N. Ferguson
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***The views expressed on this site are not investment recommendations or solicitations to any person or entity to become a client of the firm. Unless indicated, these views are the author's and may differ from those of the firm or others in the firm. Information throughout this site, whether charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we believe are reliable, but we do not warrant or guarantee the completeness, timeliness or accuracy of the information. Neither we nor our information providers shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in the transmission thereof to the user. To the extent applicable, any past performance quoted on this site is not indicative of future returns. For additional information and important disclosures, contact us at staff@jewilson.com. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY “LINKED” WEB SITE.