It might seem like an unusual topic, but this concerns our final years – paying for a care or nursing home. It’s also a particularly emotionally-charged subject of financial planning to talk about, and there’s a lot of behavioural and human errors and misconceptions around it.
2018 has been a choppy, volatile and potentially a negative year in most of the major stock markets of the world, although it’s the first time that’s happened in eight or nine years.
In response, it seemed like a good opportunity to address the mistakes that investors make during a market downturn. I’ve observed these mistakes in my professional role as an advisor, but also as a human and an investor myself, so I hope these points will be useful for you.
Top 10 Non-Financial Investments. John Ndege and I talked recently about non-financial investments and came up with a list of the top five things we’d recommend people invest in. Although Maven Adviser is mainly concerned with personal investments and finance, there’s way more to it than that. You can’t focus on money in isolation, without thinking about what else is important in life.