I hope you enjoyed a Merry Christmas and a wonderful New Year!

Let’s dive right in and look at the first quarter of 2023.

Our Strategy is Defensive 

As we enter 2023, for now we continue with a cautious bent. The bulls believe the Fed will relent on hiking interest rates in a weaker economy with declining inflation. They also hope either for a mild recession or even a Goldilocks scenario of a Fed cutting interest rates and an economy that has softened, not collapsed, leading way to recovery.

We see problems with this optimistic thesis.

First problem is market valuation. As measured by the S&P 500, investors are paying nearly $20 for every $1 of earnings. We worry they are paying too much: as high as a 35% premium to what it should be worth.

Secondly, the economy is weakening, but not (yet) enough for the Fed to cut rates. It is clear the Fed is closer to the end than the beginning of rate hikes. How many more is an open question. However, if history is a judge, even if the Fed were to cut rates, that does not necessarily mean risk assets should rally immediately.

Third, the rate of inflation is declining – for now. But supply constraints remain in many commodities (metals, agriculture, energy). China stopping COVID lockdowns in the near term means stronger international demand.  Wage growth is also high.  The Fed knows that if it lets up too soon, the inflation genie might return yet again.

Finally, earnings estimates for companies appear optimistic. Many Wall Street experts predict growth in 23 vs. 22. However, slower economic growth (even if it does not turn negative, which we think is debatable) and falling inflation puts pressure on top line (lower sales volumes) and bottom line (fixed costs, companies slow to lay off headcount). Market valuations on lower earnings might need to reset lower.

Your portfolios are positioned with a healthy level of T-bills with minimal interest rate risk, meaningful coupons, and virtually zero credit risk (US Government). Liquid alternative investments with return/risk profiles less dependent upon market direction are also key components. Equities remain at fairly low exposure. Cash is modest as T-bills offer meaningful yield and ample liquidity if and when it is prudent to rotate into other assets.

Your Strategy Should Be Emotional Clarity

2022 was truly a volatile year.

It was the first year in several when equities declined. 2022 was also the first in many years that both bonds and equities declined together. Investors with portfolios diversified beyond traditional stocks and bonds might have seen benefits to preserve capital for potential future market rallies. They lived to fight another day.

Yet people investing on emotion, not with a disciplined plan, lost.

Some people spent too much time watching screens (television, computer, or iPhone). They got hooked on the latest scheme advertised. They obsessed over greed. That is, until last year.

Once the bear market of 2022 arrived, they went from greed to panic mode. Most of these people lacked long term vision for their nest egg and a prudent Fiduciary advisor to guide them through the storm. Their emotion blinded them, and they sold out at bottoms. They seek short-term market timing rather than long-term planning. Time is their enemy along with their feelings of the day.

Other people forgot about avoiding the trap of “putting all your eggs in one basket.” They pulled their money out not because of lack of opportunity. Rather, they heard about the latest “hot” investment deal (real estate that allegedly “never” goes down?) and plowed their retirement savings into it.

They forgot about 2008-9 (even real estate can go down in value).

Clients who understand and work with us are resilient to the peaks and valleys of the market, popular television pundits, and the temptation to follow emotion. Instead, you have sought out expertise to reflect your own family’s long-term needs and risk tolerance. You have been wise to let us help you in broadening the net of investment opportunities to seek to help you accomplish your goals.

Because of your commitment, your portfolios will do more than just “live to fight another day”.

Tax Changes Are Keeping Us Busy

D.C. always keeps us busy. Of the 2 sure things in life, taxes constantly evolve. Your federal government yet again delivered on that promise.

Congress passed SECURE 2.0, a huge 300 piece of tax legislation. Here are some of the provisions that potentially might impact you the most:

1. RMD age for new retirees is delayed to 2023. That means new retirees only have to start taking Required Minimum Distributions when they turn 73. You get to delay when you start paying taxes on your retirement savings if you are a new retiree who does not need the distributions. Lower taxes and more time for your money to potentially grow might benefit you.However, if you are already currently subject to RMDs, you still need to continue taking RMDs.
2. SEP and SIMPLE plans now have a Roth option. This means your employer can offer you after-tax contributions to your plan. Contribution limits were increased for most retirement accounts.
3. More exceptions to the 10% penalty on early distributions. People who are terminally ill or disaster victims can withdraw money from their retirement assets without paying the extra penalty. However, keep in mind that taking money early from your retirement now might leave you less money for when you actually stop working later. Withdrawals are not tax exempt, plan careful for the amount taken from your retirement accounts.
4. Other provisions: lower RMD penalties (10% if IRS deems you forgot to take RMD and corrected in a timely manner) and allowance of rollovers from 529 plans to Roth IRAs.

Come talk to us if you or someone you know needs help in navigating the complexities of taxes.

We Prefer Liquid US Treasuries to Illiquid Bank CD’s

We have fielded a number of questions to the effect of “If the stock market is so bad, why don’t I just stick my money in the bank?”

I always tell my clients to have some money in the bank for current spending needs and a liquidity cushion in case life surprises with unexpected expenses (aka an emergency fund).

However, it’s the money beyond that level which becomes tricky.

To quote from our last newsletter 3 months ago: “For the first time in over a decade, US T-Bills might offer sufficient yield with minimal risk. They now offer a potential tool to diversify investors’ nest eggs.”

We have been investing quite a bit of your investments in short-term US Government T-Bills. This is because we have been cautious about most investments. Additionally, yields at roughly 4.5% are the highest they have been in over a decade.

Why not put it into, say, a bank CD? Well, in many cases, you might have a hard time finding as good a yield (with possible exception of certain “special” CD deals, but buyer beware and read below).

Once you put your money into a bank CD, you have 1 of 2 options. Either keep your money parked there (typically at least 1 year, if not more) if you want to get that interest. Otherwise, if you take it out sooner, you will be assessed a penalty. You might forfeit quite a bit of that interest.

Many annuities are even worse.  Not only do they lock your money up for years, but one also has to consider all the fees you pay to get in, stay in, and get out.

On the other hand, T-bills are liquid. If you have a cash need (or if we see better investment opportunity), we can sell out in a matter of minutes. You potentially earn the best of both worlds. If the bear market were to persist, we can continue investing in T-Bills. (Understand that rates are higher now, but that does not guarantee they will stay that way in the future. However, this is also true for banks and annuities.)  One potential upside from which you might benefit with us is the opportunity to switch to investments with higher returns without adding excess risk.

Sincerely,

Petr Burunov, CFP®
President / Wealth Strategist

The post Client Newsletter 1Q23 appeared first on AWM.

I mean, if we all knew the secret to investing, we’d be richer than Warren Buffet, am I right?

Jokes aside, the “secret” is often disappointing.

True investing success boils down to hard work and patience, or what I like to call discipline.

What do I mean? Let’s take a look at three types of discipline I work to develop with my clients:

1. The Discipline of Planning

Before you even think about investing, you have to plan. Do your homework.

What do you hope to accomplish? What do you dream about? What is most likely to happen? How long until you need this money? Are you prepared to weather out good and bad years?

Without a plan, it’s near impossible to reach your goals. Developing discipline is thinking about the future.

2. The Discipline of Commitment

You have to ask yourself, “Am I in this for the long haul?”

It’s easy to be swayed by our friends and family. Are you ready to commit to your plan even when it’s difficult?

I like to think of farmers in this situation. They keep sowing and cultivating their dirt to prepare for the eventual harvest of their hard work.

They don’t listen to their neighbors who are disgruntled and walk away from their work. Instead, wise farmers stick to their crops and earn yields even when others gave up long ago.

Thinking strategically can help curb your emotions.

3. The Discipline of Adapting

How will you hold up to the pressures that life throws your way?

Successful investors do not react to temporary situations on the flip of a coin. Rather, they periodically evaluate their strategy, seek out prudent consultation, and make adjustments when circumstances have truly changed.

These tend to be big changes like retirement, age, health, inheritance, marriage/family, etc.

Discipline means adapting to these changes.

There you have it. The secret is out. To find success with investing, discipline has to be your priority.

I strongly encourage each of you to seek out a Fiduciary Advisor. They can help keep you on track and develop discipline in your finances.

Let’s Chat

The post What’s the Secret to Investing? appeared first on AWM.

I hope you enjoyed a Merry Christmas and a wonderful New Year!

Our office is looking forward to what this new year will bring.

Quick Recap of 2020

A quick glance at your December statement might give you the impression that 2020 was smooth sailing. Unfortunately, that was not the case.

Do you remember the last time you were on a wooden rollercoaster? Your car trudges upward as you enjoy the view.  Suddenly, the track disappears!  You race towards the ground and fly around corner after corner.

That’s a good depiction of 2020.

Here’s a quick recap:

• Market started out with a bang in January
• Coronavirus hit the U.S. / world
• Market dropped nearly -40% from February to March
• Government went into rescue/bailout mode
• Treasury went on a money printing spree
• The Fed lowered rates and kept them at near-zero
• By 4^th quarter, markets recovered and ended positive

It’s important to look back on where we came from. For those of you with a Financial Plan in place, you were able to stomach the wild ride of 2020.

How We Manage Your Money

A client recently asked me how I managed their money, especially with so much volatility. How do I know when/what to sell and when/what to buy?

You might have seen a lot of activity on your accounts this last year. 2020 was a very challenging and unusual year.

We had to react quickly, stay vigilant, and be innovative to follow new trends in the economy. Things that worked before, stopped working, and vice versa.

Additionally, I have to make decisions for each of my clients based on their personal situation with the information I had.

My hope is to have enough information about each of my client’s finances to keep them on the right track.

The four big questions I try to answer are:

1. Do you need money to live off of your investments?
2. What kind of risk can you tolerate?
3. Where is the market going?
4. Are there any other factors I need to be aware of?

For those who have a very close relationship with us, we know where you stand and can act proactively for you, no matter what the market throws our way. Most of you have a Financial Plan in place and know what to expect during the good and rough seasons.

If you are still on the fence about scheduling a planning session, know that both you and we can benefit. I will be more informed of what your goals, needs, and plans are. You can have greater peace of mind knowing we have your back and will act in your best interest.

The more you share with us, the more beneficial it can be for you.

Who Benefits the Most? (*Hint* It is not necessarily how much you have!)

Our top clients who reap the most benefits from me do these 3 things:

• You engage with me because you see the value of getting the most out of us in a relationship.
• You share information so I am better informed on seeking to protect you and when to take opportunities.
• You introduce us to your other professionals so we can work as a team to optimize your planning strategies.

Clients who pay taxes can save money by having us explore and execute tax harvesting, Roth conversions, and RMD distribution strategies for you.

Do you know anyone who struggles with these roadblocks to financial success?  (See the sidebar below.).

What Happens When You Don’t Engage?

From my experience, clients are tempted to quickly become disengaged, passive, and lose sight of the big picture.

When we feel we’re missing information, we are forced to exercise caution, even for clients who could be taking more risks.

Disengaged clients can often experience fear and emotions without a plan to keep them grounded. Not willing to invest, because of fear, or staying out of the market because of emotions.

We serve you best when we are proactive. There is still time to engage and benefit more fully from working with us.

What to Expect in 2021:

1. The Market. Expect volatility – a new roller coaster ride?
2. A New Administration. Many things will change, including higher taxes and more regulations.
3. Taxes. Regardless of what happens in the market or the new administration, there will be tax changes. RMDs are back.

How Are We Watching Out for You?

We will be vigilant on investments and diversification, focusing on opportunities that will benefit from higher government spending.

Heading into 2021, we are less confident on things like fixed income that are dependent on interest rates staying low forever.

Inflation is also on the top of our minds.

Sincerely,

Petr Burunov, CFP®
President / Wealth Strategist

The post Client Newsletter 1Q21 appeared first on AWM.

I hope this letter finds you well during these difficult times.

This isn’t the spring we were all looking forward to, but we are thankful that Washington is trying to manage the spread of COVID-19. We look forward to the next several weeks and months as this crisis begins to subside and we can all get back to our normal daily lives.

What Is the New Normal?

Our lives have changed dramatically over the last few weeks.

This invisible enemy has altered our travel plans, work schedules, and daily life routines. Not only as individuals but as a company, we at Ambassador Wealth Management, LLC are adjusting the way we operate.

We have made adjustments to how we invest your money and help you plan for the future.

One example: we are scheduling phone reviews rather than meeting in person. Utilizing technology allows us to keep meeting with you while keeping everyone safe.

Consumer Spending & its Impact on the Economy

We do not anticipate life returning to what it was two months ago for the foreseeable future. The places we used to eat at, visit, and enjoy with loved ones might not be as prevalent in our lives when this is all over.

To prepare for this new economy, we are looking ahead and shifting towards companies that will benefit this new way of doing business, at least for now. For example, instead of holding stock in airline companies, we have built positions in companies that sell essential goods.

Dividends and Sustainability

We had considered companies’ guidance (predictions) in our decision making. Now, large corporations have admitted that their guidance going forward is not reliable. Others have started to withdraw their guidance altogether due to there being so much economic uncertainty

We are carefully monitoring your portfolios for potential vulnerabilities.  Even in spite of the recent recovery in the market, we have chosen to err on the side of conservatism at this time. We are willing to forgo further modest market upside of 5% or so in exchange for protection against the risk of a decline of -20% or more.  Economic weakness, political uncertainty, and expensive valuations in many cases give us continued caution near term.  Continued low-interest rates and eventual recovery next year lead us to be more constructive on a strategic view, but not now.

We are also monitoring the direction of earnings, dividend payments, and how that can potentially impact families who heavily rely on dividends as a source of income.

Earnings for 2020 and Beyond

As we look ahead for the rest of 2020 and even the next several years, we believe this pandemic will drastically reduce earnings across all industries.

Our research suggests it might take up to two years to return to pre-pandemic earnings, assuming that there is no relapse or additional economic deterioration.

First Quarter 2020 in Review

Financial Planning

I started 2020 with a letter of encouragement to you. To know where you stand so that when the unexpected happens, you are prepared. Some of you took my advice and are reaping the benefits of having a thoughtful plan.

Amidst the havoc and uncertainty, many of you have peace of mind, confidence, and freedom in knowing that you were proactively planning and taking care of your financial health.

Communication

Over the last three months, I have been constantly communicating with you. If you have not already done so, please take the time to read through my updates.

• Investment Update: February 2020
• Investment Update: Did the Market Just Catch a Cold, or Is It Terminally Ill?
• Separating Emotions from Investing is Key to Surviving Coronavirus.

In all of these updates, I have encouraged you not to panic.

Those who have panicked have already hurt the success of their retirements. Their portfolios might not appear as “red” with declining stocks, but they are missing some of the best opportunities for big positive returns. In my experience, once an investor goes out of the market because of fear, it’s hard to go back in. Emotions tend to control logic.

Families with strategic discipline have the potential of benefiting where others might panic.

Tax Planning

The last bull market caused problems for investors who are in high tax brackets by generating Large Capital Gains.

The recent market volatility has provided some rare opportunities to help manage taxes more efficiently. We have been taking gains and offsetting them with more recent losses and trying to create a tax neutral environment.

This has also been a good opportunity to review current investment holdings and when appropriate, swap them for higher quality and greater diversification. (In some cases, we have shifted from individual stocks to baskets of stock for greater diversity.)

Washington DC is continuing to produce further opportunities to help some of you with taxes in 2020. Congress has eliminated RMD’s for the year. The stimulus bill also raises limits on qualified charitable deductions.

Portfolio Management

Our goal has been to avoid unnecessary risk through prudent diversification. You own stocks, fixed income, and alternatives such as gold. Since 2018, we have been reducing many areas that were exposed to credit risk.

Specifically, we began reducing small-cap, international, and high yield debt from many portfolios over a year ago. We also eliminated dedicated REIT exposure for clients without the need for high income. This year, we sold small-cap, high yield, and emerging markets in favor of gold and large-cap domestic equities.

Your investment portfolios reflect your family’s risks, objectives, income needs, and time horizon based on our conversations with each of you.

Recently, we have started to make selective additions to your investment portfolios. Many of you will recognize a new investment in one of the largest consumer goods companies in the world. It has paid a consistent and meaningful dividend and appears to be able to grow even when the economy remains sluggish.

Going Forward: What We Are Doing 2Q20

1. Carefully investing in quality companies that will weather the recession and continue to find a way to innovate and grow their revenue. We also will be focusing on companies with sustainable dividends to minimize the risk to your income.
2. As we brace and position ourselves for a new way of thinking, way of life, and economy, we will be looking for opportunities.
3. We are encouraging all of you who have not developed a plan, or have not reviewed it in a long time, to please be proactive. Now is the time to invest in yourself to make sure that your holistic financial picture (not only what we manage) encompasses your goals and dreams.

What Should You Be Doing?

1. Don’t panic – it’s so important to stay calm and collected during these uncertain times. Let logic lead your decisions. Talk to us if you are struggling to understand where you are at.
2. Have a plan – It’s never too late to start planning. If you already have a plan, it’s time to review it and make sure it still aligns with your family’s needs and goals.
3. Look for opportunities – I encourage you to shift your thinking from worry and fear into optimism. Let this pandemic be your chance to look for opportunities.

We appreciate your trust in us as we partner with you on your financial journey. Thank you for being part of our family.

As things change in your life, please stay in touch with us so we can continue to make decisions that are best for you and your family.

Sincerely

Petr Burunov, CFP®
President / Wealth Strategist

The post Client Newsletter 2Q20 appeared first on AWM.

We’re encouraging everyone: don’t let fear rule your finances.

Many of you have developed a financial plan to achieve successful retirements and we’re very thankful that during these times, those plans have helped to mitigate uncertainty.

If you don’t have a plan, we encourage you to think about developing one and putting it in place. Knowing where you are going can help give you peace of mind and confidence, especially in the midst of economic and social uncertainty.

During seasons like this, our focus is to continue reviewing risks and looking for opportunities.

What have we been doing?

1. Continue to Further Reduce Risk.
   

   After such a strong market in 2019, we suspected we were due for some sort of correction. That said, we did not expect the coronavirus or a crash in oil prices to move the market to such an extent.

   In January, we started reducing risks in your portfolios. Specifically, we reduced positions in emerging markets, small-cap equities, and intermediate high yield debt in favor of cash and gold.  We had concerns over international growth, especially from China, causing us to cut emerging markets. High leverage and higher credit risk (in part due to the collapse in oil prices first on lower China and air travel, then recently the collapse in OPEC talks with Russia) made us cut positions in small-cap and high yield.

2. Roth Conversions.

   This might be a good opportunity for some to think about doing Roth Conversions. Converting more shares at lower prices can potentially reduce your future RMD’s once the market starts to recovers.

   As a result, these conversions could reduce your taxable income in the future.

3. Tax Harvesting.

   Taking down risk in portfolios followed by the market’s subsequent decline has also created opportunities for tax harvesting in taxable accounts.

   This might be a good opportunity to start taking gains off the table and offsetting them with more current losses to minimize or even reduce future tax liabilities in taxable accounts.

4. Looking for Opportunities.

   This week we are slowly beginning to selectively re-enter the market when the opportunity presents itself and aligns with your goals. We are being patient and not jumping in too quickly.

   We are also seeking to enhance client portfolios in the process. For instance, one shift is to remove individual companies with more exposure to economic downturn and add more diversified investments (individual companies or broader equity baskets).

What might lie ahead?

Much uncertainty remains.

• Coronavirus quarantines will put economic activity on hold for much of the spring, if not longer.
• Low oil prices will pressure US energy producers for a while longer.
• Earnings are likely to decline in 2020.

However, US Treasury yields have collapsed below inflation. Relative valuation for equities, particularly those with sustainable dividend yields, have improved immensely. While their stock prices have cratered, US banks appear to be better capitalized than in 2008.

Valuation has not yet been enough of a compelling argument to boost risk-on assets like stocks and commodities. Yet, when the US economy eventually starts to resume operating at normal capacity with a peaking in Coronavirus cases, we think the market might start to recover on less bad news.

It’s impossible to know when the chaos will end. That said, we are proactive and vigilant.

What can you do?

1. Stay calm and don’t panic. Stay true to yourself and don’t let your emotions run your financial decisions
2. Have a plan. If you have a financial plan, lean into it and let it do its job. If you don’t have a plan, now is the time to get one.
3. Let’s look for opportunities. Tax season is upon us and we are encouraging you to look for opportunities to utilize the new tax code to save on tax liabilities.
   Now might also be the time to think about slowly re-entering the market in small increments.

Thank you for your trust in us as we partner on your financial journey with you.

The post Separating Emotions from Investing is Key to Surviving Coronavirus. appeared first on AWM.

Letter from the President: Petr Burunov, CFP®

Dear Ambassador Family,

This summer was a whirlwind.

On July 9^th, I received a heartbreaking call from my family in Sacramento. My cousin was in a fatal motorcycle accident. Passing away at the young age of 38, he left behind 2 small children and a pregnant wife.

As his family relied on my expertise to talk through his business and personal finances, it quickly became clear that most of his ideas, wishes, and plans were in his head, and not on paper. I watched his wife struggle to make sense of things. This young, vibrant family thought they had plenty of time to plan and prepare for the future, but instead found themselves in complete disarray.

While dealing with the pain of losing a loved one, the family quickly discovered that my cousin’s business didn’t have a succession plan. Many documents were missing or didn’t even exist. This hindered maximizing the business valuation and added stress to his family. Should something happen to you, would your family be able to pick up where you left off?

Life is so fragile.

This is a great reminder to all of us, that planning is a MUST. Check that your documents are in good order with clear instructions. Make sure your accounts and property are titled according to your wishes and with the most current information. If possible, help your loved ones avoid probate, a time-consuming and costly process.

You can save them so much stress and chaos.

We’re watching your money.

Throughout 2018, we started to take profits on some investments due to rising concern in going forward performance and deteriorating fundamentals of certain companies.

A number of clients called, asking us why we were selling some really good names. During those conversations, I heard a common theme that people get emotionally attached to well-known companies that pay dividends.

Nearly a year after selling some of these positions, a number of these companies are trading well below where they were last year. Others were forced to cut dividends, just to survive.

My number one goal is to watch out for you and your families.

Dividends are a nice way to get extra income, but we must consider other factors:

• Can the company maintain and/or grow its dividend?
• Is their market share vulnerable to competition?
• How does it hold up under a slowing global economy? (See the investment letter)

Year-End Planning Ideas.

Going back to my previous point, our goal is to look after our clients, especially at the end of the year. We want to make sure each client, who is over the age of 70½, satisfies their RMDs. Don’t forget to include RMD’s from all retirement accounts. It happens more often than you’d think. And please, don’t wait until the last minute.

As we talk with you and your families, we encourage our clients to stick to your budget, especially during the holidays. For those wanting to give to charities, we want to help you make sure your donations are made in a tax efficient way. We encourage you to give your time and heart to causes you passionately believe in.

When you experience a big change that could impact what we’re doing, please let us know. It’s important for us to consider your individual situations as we help you manage your family financial health.

My goal is to see your life full of purpose.

I hope you enjoy the rest of the year with your loved ones. If you have any questions, please don’t hesitate to contact us.

Sincerely,

Petr Burunov, CFP®
President / Wealth Strategist

The post Client Newsletter 4Q19 appeared first on AWM.

1. Sloppiness

   Screen junkies live by “analysis by paralysis”. They might think they know it all, but they cannot make a strategic decision for a holistic plan with their current and future wealth.  They ignore the idea of strategic planning and live by emotion instead.

   Some of them worry more about basis points than big dollars.  They have a warped concept of how the different buckets of their wealth are supposed to work for them.  What they should put in the bank, they end up putting in higher risk investments (even real estate).  Where they might invest more aggressively when they will not touch it for years, they leave in cash that earns next to nothing.

   Some of them are vulnerable to “get rich quick” schemes in a desperate effort to catch up when they did not plan or save.  Someone often “gets rich quick”, only it is not them.

   We are here to help people who realize “hope” and absence of planning is not a strategy.

2. “Managing” by emotion

   When markets are toppy, they get excessively excited.  When markets are choppy, they sell at the bottom.  Why such illogical behavior?

   Without a solid discipline, we are all capable of making foolish mistakes.  The reality is that most American investors invest emotionally.  And they pay dearly for such emotion.

   According to research firm Dalbar[source], the average investor in America with $100,000 in 1996 lost over $150,000 in potential gains over the last 20 years just by relying on emotions to jump in and out of the market.  (Click here to find out why.)

   Let us help you to keep your emotions in check regardless of what the market is doing.

3. Be an investment lemming. 

   Others trade, not invest, based on the latest tip from CNBC or their neighbor.  All of their office buddies bought into the hottest illiquid alternative, so they should do the same, so they think.  When the Uber driver is giving the latest stock tip, they go “all in” on the penny stocks.  They also make sure to listen to all their friends who are following the herd and tell the others who have not heard.  Cocktail parties, not sound discipline, drive their portfolio!

Who do you want to be: a screen gazer or the wise farmer? Let us help your family to succeed with discipline, not fail with emotional screen gazing.

Schedule appointment

The post Stop Emotion from Shortchanging Your Investments appeared first on AWM.