Investing in the stock market is an endeavor filled with uncertainty and unpredictability. Investors often seek out winning streaks, hoping to capitalize on past successes and achieve substantial returns. However, this mindset can lead to the well-known “Hot Hand Fallacy.” This cognitive bias revolves around the mistaken belief that past success in investing will guarantee […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-08-03 12:01:462023-08-03 12:01:47The Hot Hand Fallacy in Investing
One of the prominent headlines in 2022 revolved around the strength of the US Dollar. Barrons’ October 2022 cover even featured George Washington flexing, emphasizing the greenback’s dominance at the time. However, shortly after the publication, a reversal occurred, with the dollar’s strength fading while the SP 500 started its march higher. Since the Barrons’ […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-08-02 12:08:002023-08-02 12:09:50On the Street Monthly – US Dollar vs the S&P 500
If you have a 401k plan, you probably have access to the increasingly popular option of a Target Date Fund (TDF). These funds offer a hands-off approach for investors, providing a diversified portfolio that adjusts over time. While TDFs are essentially the “easy button” for investors, it is important to understand how they work and […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-07-27 12:03:132023-07-27 12:03:14The Most Popular Investment in 401k Plans & Key Differences that Investors Need to Know
Setting the stage for a secure financial future is an essential aspect of life, and starting early can yield substantial rewards. While traditional investment vehicles may seem out of reach for minors, the Roth IRA provides an excellent opportunity for young individuals to lay the groundwork for long-term financial growth. In this article, we will […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-07-20 11:45:092023-07-20 11:45:11How Minors can Utilize a Roth IRA & When Tax Filing is Required
Healthcare costs are a significant concern for many individuals and families, but there is a tax-advantaged tool that can help alleviate this burden while providing unique financial benefits. Health Savings Accounts (HSAs) offer a triple tax-exempt strategy that allows individuals to save and invest funds specifically for medical expenses. In this article, we will explore […]
The federal tax credit for electric vehicles (EVs) has been extended and revamped for 2023 and beyond. For individuals considering the purchase of an electric vehicle (EV) in 2023, understanding the details of the Federal EV Tax Credit is important as changes continue. Let’s delve into how the credit works, the varying credit amounts, and […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-07-06 12:25:552023-07-06 12:25:572023 EV Tax Credits: What You Need to Know
As we reach the midway point of 2023, the prevailing narratives at the start of the year centered around concerns of an impending recession, rising interest rates, and corporate layoffs. However, with the major indices delivering positive results, investors are finding themselves increasingly optimistic about the future. One key indicator shedding light on this sentiment […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-07-05 11:36:512023-07-05 11:36:53On the Street Monthly – Shifting from Recession Fears to Growing Optimism?
As we reach the midway point of the year, it’s an opportune time to conduct a financial check-up to ensure you are on track to meet your goals and make any necessary adjustments, if needed. This mid-year assessment allows you to evaluate key areas such as retirement contributions, debt management, emergency funds, spending patterns, and […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-06-29 12:00:132023-06-29 12:00:15Mid-Year Checkup and Planning for the Second Half
When creating a financial plan, it’s important to set an endpoint. Each person has their own family history, current health, and expectations for how long they’ll live. That’s why we analyze historical life expectancy rates from birth and look at future projections. Here’s a chart dating back to 1860 through 2020, showing life expectancy rates […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-06-22 11:59:282023-06-22 11:59:30Preparing for a Longer Future: Understanding Life Expectancy Rates
As the stock market continues its upward trajectory in 2023, there remains uncertainty and differing perspectives among market participants. Bulls argue that the recent rally from the October lows signifies a new bull market, backed by the fact that the market has risen over 20% from its 2022 lows. Conversely, bears point to the narrow […]
The Hot Hand Fallacy in Investing
Investing in the stock market is an endeavor filled with uncertainty and unpredictability. Investors often seek out winning streaks, hoping to capitalize on past successes and achieve substantial returns. However, this mindset can lead to the well-known “Hot Hand Fallacy.” This cognitive bias revolves around the mistaken belief that past success in investing will guarantee […]
On the Street Monthly – US Dollar vs the S&P 500
One of the prominent headlines in 2022 revolved around the strength of the US Dollar. Barrons’ October 2022 cover even featured George Washington flexing, emphasizing the greenback’s dominance at the time. However, shortly after the publication, a reversal occurred, with the dollar’s strength fading while the SP 500 started its march higher. Since the Barrons’ […]
The Most Popular Investment in 401k Plans & Key Differences that Investors Need to Know
If you have a 401k plan, you probably have access to the increasingly popular option of a Target Date Fund (TDF). These funds offer a hands-off approach for investors, providing a diversified portfolio that adjusts over time. While TDFs are essentially the “easy button” for investors, it is important to understand how they work and […]
How Minors can Utilize a Roth IRA & When Tax Filing is Required
Setting the stage for a secure financial future is an essential aspect of life, and starting early can yield substantial rewards. While traditional investment vehicles may seem out of reach for minors, the Roth IRA provides an excellent opportunity for young individuals to lay the groundwork for long-term financial growth. In this article, we will […]
The Triple Tax-Exempt Strategy: Health Savings Accounts
Healthcare costs are a significant concern for many individuals and families, but there is a tax-advantaged tool that can help alleviate this burden while providing unique financial benefits. Health Savings Accounts (HSAs) offer a triple tax-exempt strategy that allows individuals to save and invest funds specifically for medical expenses. In this article, we will explore […]
2023 EV Tax Credits: What You Need to Know
The federal tax credit for electric vehicles (EVs) has been extended and revamped for 2023 and beyond. For individuals considering the purchase of an electric vehicle (EV) in 2023, understanding the details of the Federal EV Tax Credit is important as changes continue. Let’s delve into how the credit works, the varying credit amounts, and […]
On the Street Monthly – Shifting from Recession Fears to Growing Optimism?
As we reach the midway point of 2023, the prevailing narratives at the start of the year centered around concerns of an impending recession, rising interest rates, and corporate layoffs. However, with the major indices delivering positive results, investors are finding themselves increasingly optimistic about the future. One key indicator shedding light on this sentiment […]
Mid-Year Checkup and Planning for the Second Half
As we reach the midway point of the year, it’s an opportune time to conduct a financial check-up to ensure you are on track to meet your goals and make any necessary adjustments, if needed. This mid-year assessment allows you to evaluate key areas such as retirement contributions, debt management, emergency funds, spending patterns, and […]
Preparing for a Longer Future: Understanding Life Expectancy Rates
When creating a financial plan, it’s important to set an endpoint. Each person has their own family history, current health, and expectations for how long they’ll live. That’s why we analyze historical life expectancy rates from birth and look at future projections. Here’s a chart dating back to 1860 through 2020, showing life expectancy rates […]
New Bull Market or Bear Market Bounce?
As the stock market continues its upward trajectory in 2023, there remains uncertainty and differing perspectives among market participants. Bulls argue that the recent rally from the October lows signifies a new bull market, backed by the fact that the market has risen over 20% from its 2022 lows. Conversely, bears point to the narrow […]