The Lost Cause of New Year’s Resolutions

 

Transcript:

Hey, Derek Merkler, The Military Financial Advisor here to wish you a happy new year! Well… not only that but happy new decade!!!

With the new year come new year’s resolutions! Unfortunately, as you may know from the news or your own experience, most people do not succeed with their resolutions.  Look at gym attendance in January versus the rest of the year! And, since I’m recording this video at the end of January, most people have already abandoned their resolutions.

I could go on and on as to why most resolutions fail, but I’ll skip past that and tell you that new year’s resolutions are pointless!

“Why?” You ask?

I’ll respond with my own question: what is different between December 31st and January 1st? There should be no difference, especially in terms of your finances.

Because, if you are actually serious about achieving financial success, you can make it your objective to develop and implement a long-term financial plan.

A plan is much more than a resolution for a new year. It’s not “let me save $10,000 this year.” A plan is “I need ‘x’ amount of income when I retire and to get there I’m saving and investing a specific amount each and every month going forward.”  And you actually put the plan in place. And it’s automated as much as possible.

So rather than the resolutions you might have made that you probably won’t keep, schedule a call with me this month to develop a financial plan that reflects who you are and where you want to go.  And I will help you make it happen.

Send me an email or message me on LinkedIn, Facebook, or Twitter.  Thanks for watching and see you next time!

 

Credits:

 

Thanks for watching!

Please visit my website at:

MilitaryFA.PXAdvisor.com

 

Remember, the topics discussed in this video are for informational purposes only and that past results do not guarantee future performance.  If you would like to discuss your financial situation, please email me at Derek.Merkler@Parsonex.com.

 

Advisory services offered through Parsonex Advisory Services, Inc., 8310 S.Valley Hwy, Suite 110, Englewood, CO 80112. 303-662-8700.

 

Phase-One Trade Deal Reached

Weekly Commentary — December 16th, 2019

The Week on Wall Street

The U.S. and China announced a limited trade agreement last week. That news lifted U.S. and foreign stocks, leading to weekly gains.

Advancing 0.91% on the week, the Nasdaq Composite outperformed the S&P 500 (up 0.73%) and Dow Jones Industrial Average (up 0.43%). The MSCI EAFE index, measuring the performance of developed markets overseas, improved 0.42%.[i],[ii] Read More »

Stocks Ride Out Choppy Week

Weekly Commentary — December 6th, 2019

The Week on Wall Street

Key Wall Street benchmarks were up and down last week – or rather down and then up. A Tuesday retreat was offset by a Friday rally spurred by the Department of Labor’s November jobs report.

While the S&P 500 managed to rise 0.16% for the week, the Dow Jones Industrial Average declined 0.13%, and the Nasdaq Composite ceded 0.10%. MSCI’s EAFE benchmark for international stocks retreated 0.25%.[1],[2]  Read More »

November Concludes with Gains

Weekly Commentary — December 2nd, 2019

The Week on Wall Street

As November wrapped up, U.S. equity benchmarks advanced. Stocks were again aided by a sense of optimism that a preliminary U.S.-China trade deal could be near.

For the week, the Nasdaq Composite added 1.87%; the S&P 500, 1.21%; the Dow Jones Industrial Average, 1.03%. The MSCI EAFE index, which measures the performance of developed stock markets outside North America, gained 0.89%.[1],[2]Read More »

A New Dow Milestone

Weekly Commentary — November 18th, 2019

The Week on Wall Street

Stock benchmarks were little changed for much of last week, but a rally occurred Friday after news broke that the U.S. and China could be closing in on the first phase of a new trade pact.

At Friday’s close, the Dow Jones Industrial Average crossed the 28,000 level. The Dow rose 1.17% for the week, outgaining the S&P 500 (which advanced 0.89%) and the Nasdaq Composite (which added 0.77%). The MSCI EAFE index, representing developed overseas stock markets, fell 0.77%.[1],[2]Read More »