Client's Corner by Nick Murray
IT IS IMPOSSIBLE TO FIGURE OUT THE ANSWER TO ANY problem or situation until you’re sure you’ve got the question framed correctly.
In a lifetime of investing, the essential question is “What is risk?” And an awful lot of people go wrong assuming that there are only two states in which their money may be found at any given moment. One is at risk, which they define as being exposed to the volatility of the stock market. And the other is safe, meaning that it has been removed from stocks and placed in cash, money market funds, bonds and other debt instruments.
The premise of this viewpoint is that there is really only one risk, that being loss of capital. But for the long-term investor— seeking a dignified and independent retirement— there’s another risk. And in the long run, it is perhaps even more perilous, simply because it’s historically more probable. That risk is....
(click here to view the article).
All That Matters: War and the Stock Market
When global tensions escalate and headlines feel unsettled, investors often wonder how – or if – they should react. In this episode, Mike and Ross explore how markets have historically reacted to conflict and what that perspective can mean for long term investors today.
(click here to watch their discussion).
Odds & Ends
- Once again, tax time is almost upon us! Please click here to view the Baird Tax Document mailing schedule to find out when Baird will be sending out certain tax documents. Please also remember that you can also access your tax documents electronically via Baird Online once they are ready. It is easy for you or your tax professional to electronically upload your Baird tax documents into the appropriate tax software. If you need instructions on this or have questions, you can contact taxreporting@rwbaird.com or call the Baird Tax Reporting Help Line at 1-888-792-1099.
Strategas, a Baird Company, gives initial thoughts on the market and economic impact of U.S. strikes on Iran. Click here to read the article.
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