Emotional Wealth is a monthly Blog written by Wealth Advisor, Lon W. Broske, CFS®, CFP®. Using the current most relevant financial climate and topics Lon is able to give his opinion on what is really going on with your finances. Topics include, stock market performance, retirement savings, current events and how they impact financial climate, general financial education and tips, and much more!
It's not about what you think it's about...
It's not about what you think it's about . . .As I enter my 30th year of advising clients (Wow, just now writing that hit me like a ton of bricks), I recently took time to reflect on what's happened with my clients, my practice, and...Read More
Two Strange Bedfellows
Two Strange Bedfellows . . .They are unavoidable. Any investor who wants to be rewarded with the superior long-term performance equities provide will experience at least two things along their journey: a bear market and a...Read More
Lessons Learned from the SVB Collapse
In the old days, the veracity and speed at which Silicon Valley Bank (SVB) collapsed could never have happened. Making a run on the bank meant standing in long lines, where rumors spread at a snail’s pace (as compared to...Read More
A Lesson Relearned (Again!)
It’s a lesson that has been taught many times over many years yet still goes unlearned. This lesson has gone as far back as the late 1700s with the Buttonwood Tree Agreement, yet still catches young investors today –...Read More
The Crazy Normalcy of 2022. . .
I don't think anyone can look back at 2022 and consider it a "normal" year. Equity markets experienced a bear market for the first time since 2009, and bond markets had their worst year in over a century; meanwhile, cash was getting...Read More
The Power of Resilience
The Power of Resilience History can be two things at once: a blessing and a curse. History can be a curse for the short-term stock trader and a benefit for the patient long-term investor. Short-term traders know how...Read More
The Only Constant is Change
As I grow older, I'm learning to appreciate the nostalgia. The brain doesn't deal with change very well. Case in point: when your life gets out of sorts, how good do you feel when you get back into "your routine"? How often have...Read More
Bear Market History
“There is nothing new in the world except the history you do not know” – Harry TrumanIt’s all a matter of reference. This bear market began for different reasons yet has done the same damage to investor...Read More
Social Security Increased 2023
Looks like the 65 million Americans collecting social security will receive an 8.7% increase in their 2023 checks. Here’s a brief history of Social Security increases. ...Read More
Time has been forgotten...
Every long-term investor with more than 12 years of experience knows the definition of a bear market (a 20% drop from its most recent high). But what about the investors who have less than 12 years of experience? (12 years...Read More
Excuse me but I have questions...
I’ve always been this way; I just can’t help myself. I’ve always had questions pertaining to the status quo. It started in grade school, and continues to this day in my financial planning career. ...Read More
Thank's Dad . . .
Father’s Day is a special time for so many of us. It’s a time to reflect on the meaning of that one special person you've had in your life, who had a big influence on the person you’ve become. Throughout...Read More
Find your North Star
The Evidence Is Compelling
A Recession is Coming!
The Maddening Consistency of Inconsistency
The History of Bears
An Investor's Two Best Friends
What’s ahead for 2022?
Nope . . . that's not it
The Power of the Consumer
Updated Premiums and Deductibles for Medicare
2022 Contribution Limits
Biden Signs Infrastructure Bill
At the White House on Monday November 15th, President Biden signed a $1T bipartisan infrastructure bill set to enable enhancements for transportation and utilities over the next five years.1 Like it, love it, or hate it. It's now law....Read More
Inflation Part Duex!
Bla Bala BalslskallaRead More
Supply Chain Pain
One of the more important buzzwords this year has been "Supply-Chain". If you weren't familiar with that concept before 2021, I'm sure that you are now. The state of the global supply chain remains in focus for both Wall Street and...Read More
A quick note on inflation
"Inflation is transitory" If I hear that regurgitated one more time, I'm going to lose my lunch, right here in my office. What exactly is transitory mean anyway? Of course, specificity has never been a politician's strong suit. While,...Read More
Good News about your Social Security
It's that time of the year again! On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest...Read More
Are Capital Gains Taxes Changing?
As the most recent elections finish up, there is a renewed focus from the Biden administration to push through his Build Back Better plan and potential tax law changes, including an adjustment to capital gains taxes. One of the...Read More
And now for something completely different . . .
In my own small way, I’m always thinking about how our message to our clients can be timely, relevant, and relatable. I’ve struggled for years, often having “writer’s block” as to what message these...Read More
A Note About Inflation
It's quickly become this year's buzzword, investors everywhere are talking about it, and it's not hard to miss: What is it you ask? Inflation. As the economy continues to recover from the effects of the pandemic over the past year,...Read More
Handling Market Volatility with Confidence
"The only thing we have to fear is fear itself" - Franklin D. Roosevelt, from his 1933 inaugural address. I love that quote, it was quite a proclamation in 1933, and it can certainly be helpful for today's investors. Just look back at...Read More
A Roaring Start to Earnings Season
Investors have turned their attentions to the most important season on the calendar, and unlike most seasons that come only once a year, this season I'm talking about come four times a year. Yes, that's right the corporate earnings...Read More
Oil Prices Hit Six-Year High
On July 6, oil prices reached a six-year high of $76.98 a barrel. This benchmark came as the Organization of the Petroleum Exporting Countries (OPEC) and allies failed to reach an agreement regarding an increase in production.1This...Read More
The answers you seek are not where you are looking...
Who else thinks that the world has gone stark raving mad? I think we can all agree that the last 18-months has made for one epic chapter in the book of history. I mean we’ve experienced a pandemic, continuing social...Read More
History doesn’t care about your narrative . .
While 2020 certainly was one of the most challenging years of recent memory, it simply doesn’t hold a candle to 1968.Read More
One bite at a time . . .
Start investing, and keep investing. No matter the state of the economy, equity markets, bond markets, or what political consternations are happening around you. Every contribution you make, you’re taking another bite! Just keep puttingRead More
Aesop . . . The Greatest Investor of all
A quick question for you: When it comes to your own investments, and the psychology of owning those investments, are you like the Hare or the Tortoise?Read More
Finally, my suspicions are confirmed . . .
As I enter my 28th year of advising clients and for which I’ve spent the greater part of the last 15 years writing commentaries for clients, that my suspicions about the mainstream media has finally been proven correct.Read More
A Year of Lessons
A Year of Lessons I think that we all can agree that 2020 had its share of challenges. No matter the person, nor the circumstance, we may not have all been in the same boat, but we certainly were in the same storm. The gambit of the...Read More
The Great Unknown In Retirement
The Great Unknown in Retirement We plan. That’s what our firm does. We plan for our client’s future financial goals. We ensure that every “i” gets dotted, and every “t”, gets crossed. We plan...Read More
An Investment Cycle has to Cycle
An Investment Cycle has to Cycle . . .I had recently sat in on a conference call, where we discussed the current status of the COVID pandemic, and during the presentation, something caught my ears, and triggered my inspiration for this...Read More
Can You Deduct Your Work From Home Expenses on Taxes?
The ongoing COVID-19 pandemic has kept countless people working from home for months now. Many have been wondering whether they should consider claiming the home office deduction on taxes next year so we thought we’d pass along...Read More
Careful . . . Your Confirmation Bias Is Showing
the psychology of being a long-term investor by digging deeper into confirmation bias. Confirmation bias as become so prevalent in today’s highly charged political climate, that the long-term, patient goal driven investor may ignore ...Read More
I Choose Hope
In this edition of Emotional Wealth, we discuss the importance of hope and love in these difficult times. We also discuss how far we've come as a society, in a relatively short period of time by historical standards, and that having hope...Read More
"The Fallacy of Safety"
A byproduct of panic is to re-evaluate how much risk you are taking, and how much “safety” you should have in our own investment strategies. You can’t avoid the conversation around “safety” because it surrounds the investor and here's why.Read More
"Enjoy the Journey"
Enjoy the Journey . . . The world is lost, or so I keep hearing. It seems by all appearances that a great many people are troubled by today’s headlines and happenings. COVID-19, social injustice, the movement to unlink the past...Read More
The Greatest Threat to Your Long-Term Goals
Let me first begin this little diatribe by thanking my clients, and expressing my sincerest appreciations of their continued trust and confidence. These times are not easy, and the long-term, goal-focused, planning-driven investor is underRead More
"Lessons Learned From The Rubber Band...."
As I sit to write out my thoughts during this most calamitous of equity markets, I can’t help but think of that common office staple: The Rubber Band. The rubber band is complex in its chemical makeup. Technically speaking rubber...Read More
"Welcome To Normal"
What is normal? Of course, I’m not referring to the small town located in the middle of Illinois where the campus of Illinois State University resides, and where you’re bound to notice the “Welcome to Normal”...Read More