https://www.barnhartwealth.com/blog daily 0.75 2024-10-15 https://www.barnhartwealth.com/blog/election-year-stock-market-trends-2024 monthly 0.5 2024-10-15 https://www.barnhartwealth.com/blog/2024q3-and-market-outlook monthly 0.5 2024-10-15 https://www.barnhartwealth.com/blog/liquid-term monthly 0.5 2024-02-01 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/3c13b487-b759-452a-b702-bd1a8c9da86f/Screenshot+2024-02-01+at+1.22.49%E2%80%AFPM.png Blog - Liquid Term (Lt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/0eb2b333-2de3-43b7-a2f3-396a0048dabc/Screenshot+2024-02-01+at+1.06.30%E2%80%AFPM.png Blog - Liquid Term (Lt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/297fb670-3e57-457f-a539-51b41e9a3ae9/Screenshot+2024-02-01+at+1.18.02%E2%80%AFPM.png Blog - Liquid Term (Lt) - ⚖️ Score Assessment: Understand Your Number Interpreting Lt: Once you have your Lt, what does it tell you? If it's a high number, you're sitting pretty like someone who brought an umbrella to a surprise rainstorm. A lower number? It's time to rethink things in case of a rainy day. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/f633b48a-1083-4f55-bb16-a86c251aed18/Screenshot+2024-02-01+at+1.17.18%E2%80%AFPM.png Blog - Liquid Term (Lt) - Case Study: Strategic Liquid Term Management for a Growing Family In the realm of financial planning, theory often meets reality in the form of complex life situations. Let's explore a case study that exemplifies this intersection and demonstrates the practical application of the Liquid Term (Lt) concept. https://www.barnhartwealth.com/blog/2023-market-review monthly 0.5 2024-10-09 https://www.barnhartwealth.com/blog/2024-market-outlook monthly 0.5 2024-01-05 https://www.barnhartwealth.com/blog/total-term monthly 0.5 2024-02-01 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/4a897ac8-7748-413b-b6e1-c7ae244b609d/Screenshot+2023-12-04+at+9.50.02%E2%80%AFAM.png Blog - Total Term (Tt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/bbfdc512-5e01-4fba-987f-38ca84962ed0/Screenshot+2023-06-06+at+2.19.24+PM.png Blog - Total Term (Tt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/c778c9f7-5ae3-4ff9-91a2-523d59627d95/Screenshot+2023-06-06+at+2.21.27+PM.png Blog - Total Term (Tt) - Step 1: Guarantee Score Accuracy Accurate Total Term calculation hinges on up-to-date net worth and spending data. Make it a habit to update asset and liability values regularly, following these guidelines: Remember to account for student loans and consumer debts that impact your net worth but aren't necessarily linked to specific assets. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/e613b4ec-3635-4bdf-9955-dbc0159298f3/Screenshot+2023-06-06+at+2.21.45+PM.png Blog - Total Term (Tt) - Step 2: Expertly Assess Your Total Term Score When dissecting your Total Term score, consider the following crucial factors: Score ranges based on age: Your Total Term will generally evolve non-linearly as you age, experiencing smaller growth rates in earlier years and more significant growth rates later in life. Here's a breakdown of average Total Term scores and their associated growth rates based on age ranges: Correlating factors: Examine how lower or higher Total Term scores may be influenced by future income, retirement date, and age factors. Asset mix: Investigate the balance of Liquid Term, Qualified Term, Real Estate Term, and Business Term assets to determine if your mix is suitable for your retirement strategy. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/5ebe6296-e036-49c3-a456-6f074d1f25a3/Screenshot+2023-06-06+at+2.31.29+PM.png Blog - Total Term (Tt) - To elevate your Total Term and overall financial health, contemplate these pivotal questions: What is the underlying asset mix? Is your Total Term overly reliant on certain asset types? In which term elements can you feasibly make improvements? https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/e2690287-b857-41f1-acf7-24b945246225/Screenshot+2023-06-06+at+2.31.14+PM.png Blog - Total Term (Tt) - Focus on the following aspects to enhance your Total Term score: Savings: Pinpoint areas where you can save more or where additional savings should be directed. Spending: Reassess your spending habits to identify if reductions or increases are necessary. Debt reduction: Explore opportunities to accelerate debt payoff or refinance to improve cash flow. Asset/income growth: Reallocate investments for different growth rates, seek ways to increase your income or invest more in your business or private ventures. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/78b37c80-6792-409b-a817-a4fdfe9ee20f/Screenshot+2023-06-06+at+2.36.41+PM.png Blog - Total Term (Tt) - Let's dive into a case study to demonstrate how you can apply the Total Term principles. Example: Imagine you have a Total Term of 12.9, with the following details: Liquid Term (Lt) = 1.7 Qualified Term (Qt) = 4.1 Real Estate Term (Rt) = 1.1 Business Term (Bt) = 6.0 Additionally, your lifetime income is $2.7 million, you're 52 years old, your future retirement income provides a 40% income replacement, and your target retirement is about 10 years away. Step 1 - Determine Score Appropriateness: Considering your age, a Total Term of 12.9 falls short of the average. Factoring in your shorter time until retirement and significant income replacement, it becomes evident that your Total Term is too low for your needs. Step 2 - Identify Improvements: Through data analysis, you discover the potential to save extra money each month. You aim for a healthy Total Term growth year over year, using that as your benchmark. https://www.barnhartwealth.com/blog/burn-rate monthly 0.5 2023-11-10 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/fe752c33-889b-40c8-860e-5d6614aa434f/Screenshot+2023-11-10+at+10.47.00%E2%80%AFAM.png Blog - Burn Rate (Br) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1708b88a-8db0-47bf-bd85-e9013b328682/Screenshot+2023-11-10+at+10.48.39%E2%80%AFAM.png Blog - Burn Rate (Br) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/bc71601b-248a-4cbf-80f4-5c7e1f71b46b/Screenshot+2023-11-10+at+10.55.53%E2%80%AFAM.png Blog - Burn Rate (Br) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/2023-q3-market-insights monthly 0.5 2023-12-06 https://www.barnhartwealth.com/blog/demystifying-debt-rate monthly 0.5 2023-07-30 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/a2f67e3d-0abf-4dae-9d70-20452df78dab/Screenshot+2023-07-24+at+4.03.07+PM.png Blog - Debt Rate (Dr) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/c4ee5591-3360-4000-903c-155f6a451f15/Screenshot+2023-07-24+at+4.01.58+PM.png Blog - Debt Rate (Dr) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/2023q2 monthly 0.5 2023-10-04 https://www.barnhartwealth.com/blog/real-estate-term monthly 0.5 2023-06-21 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/38eb9bb0-394a-4a3b-8d10-d785868dd76e/Screenshot+2023-06-06+at+2.02.33+PM.png Blog - Real Estate Term (Rt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/3d7258e3-76fb-485e-ae47-83c7d17241a2/Screenshot+2023-06-06+at+1.43.03+PM.png Blog - Real Estate Term (Rt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/bab943df-92d1-4a1a-810d-d910fe7eeab7/Screenshot+2023-06-06+at+1.52.14+PM.png Blog - Real Estate Term (Rt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/debt-ceiling-deja-vu monthly 0.5 2023-05-24 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1fcf2bce-a2e6-4e93-8df8-eeb45a24599c/DALL%C2%B7E+2023-05-24+11.02.27+-+a+bull+jumping+through+the+ceiling+of+a+government+building+while+money+and+coins+instead+of+bricks+fly+around+the+bull.png Blog - Debt Ceiling Deja Vu - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/d83e844a-3f19-4dc5-bb82-66e2d5de30f8/mind-over-matter-perspective-for-investors-on-the-us-debt-ceiling_e1.png Blog - Debt Ceiling Deja Vu - Make it stand out EXHIBIT 1 - Falling Yield - Daily 5-Year US Treasury Yield, 2011 Source: Dimensional Fund Advisors - US Department of Treasury - Past performance is no guarantee of future results. https://www.barnhartwealth.com/blog/qualified-term monthly 0.5 2023-05-24 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/0fa0791f-04e7-4aa0-b24f-4df37e8793c0/Screenshot+2023-04-26+at+9.33.09+AM.png Blog - Qualified Term (Qt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/15d617cb-dfb6-4eed-9964-faa18d60412c/Screenshot+2023-04-26+at+9.34.49+AM.png Blog - Qualified Term (Qt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/c62c02b1-e7f5-4230-8cde-07f03e4236df/Screenshot+2023-04-26+at+9.35.08+AM.png Blog - Qualified Term (Qt) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/2022-tax-day-tips monthly 0.5 2023-04-26 https://www.barnhartwealth.com/blog/2023q1 monthly 0.5 2023-04-18 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/6468bd32-83c7-455a-877f-6cf2e370eeb3/Picture1.png Blog - 2023Q1 Market Insights: Navigating Volatility and Positioning for Success - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/rolling-returns monthly 0.5 2023-04-07 https://www.barnhartwealth.com/blog/silicon-valley-bank monthly 0.5 2023-03-22 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1678903073378-CO6YF85MCZMN2X8YQW5I/unsplash-image-aTlp4VoCCw4.jpg Blog - Silicon Valley Bank: What Happened? - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/savings-rate monthly 0.5 2023-03-15 https://www.barnhartwealth.com/blog/five-key-questions monthly 0.5 2023-03-10 https://www.barnhartwealth.com/blog/2022-review-2023-outlook monthly 0.5 2023-01-19 https://www.barnhartwealth.com/blog/the-world-is-better monthly 0.5 2023-01-07 https://www.barnhartwealth.com/blog/markets-dont-wait monthly 0.5 2022-12-19 https://www.barnhartwealth.com/blog/20-best-days monthly 0.5 2022-11-17 https://www.barnhartwealth.com/blog/markets-and-midterm-elections monthly 0.5 2022-11-17 https://www.barnhartwealth.com/blog/2022q3-quarterly-review-and-market-commentary monthly 0.5 2022-11-05 https://www.barnhartwealth.com/blog/3m-pension monthly 0.5 2022-09-14 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/68516df8-79ce-4cb9-96c5-f876a446495c/Screen+Shot+2022-09-07+at+3.13.10+PM.png Blog - 3M Employee? Major Considerations Before Taking Your Pension as a Lump Sum or Lifetime Income. - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/7c60efb4-0dd9-4c67-997d-79ad48921f99/Screen+Shot+2022-09-07+at+3.28.02+PM.png Blog - 3M Employee? Major Considerations Before Taking Your Pension as a Lump Sum or Lifetime Income. - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/02944c11-6d4a-4d2d-b93b-f7398f2c5897/Screen+Shot+2022-09-07+at+3.53.59+PM.png Blog - 3M Employee? Major Considerations Before Taking Your Pension as a Lump Sum or Lifetime Income. - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/4497917c-51a9-405a-9003-9aa7b3b1eaaa/Screen+Shot+2022-09-07+at+4.04.42+PM.png Blog - 3M Employee? Major Considerations Before Taking Your Pension as a Lump Sum or Lifetime Income. - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/77f60131-ad3d-4d91-b938-249531d73759/mi-gtm-us-june-62.png Blog - 3M Employee? Major Considerations Before Taking Your Pension as a Lump Sum or Lifetime Income. - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/consumer-sentiment monthly 0.5 2022-09-13 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/671a543e-10f8-49c3-82c8-da368fd89e98/s.png Blog - All Time Lows on the Consumer Sentiment Index - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/b46178a6-a3ad-40ee-b65b-3a307e5c0362/Picture1.png Blog - All Time Lows on the Consumer Sentiment Index - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/is-the-rally-over monthly 0.5 2022-08-31 https://www.barnhartwealth.com/blog/32-reasons-not-to-invest monthly 0.5 2022-08-19 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/289ff921-4643-439f-8082-d1845d389af9/REASONSNOTTOINVEST.jpg Blog - 32 Reasons NOT to Invest - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/the-randomness-of-global-stock-returns monthly 0.5 2022-07-15 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/8cb58018-5e81-44e0-8305-2a56b81d4138/Screen+Shot+2022-07-14+at+7.14.57+PM.png Blog - The Randomness of Global Stock Returns - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/18005728-0a43-40bf-a3ec-4c6e058251cf/Screen+Shot+2022-07-14+at+7.15.15+PM.png Blog - The Randomness of Global Stock Returns - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.barnhartwealth.com/blog/2022q2-quarterly-review-and-market-commentary monthly 0.5 2022-07-14 https://www.barnhartwealth.com/blog/four-things-to-do-right-now monthly 0.5 2022-06-28 https://www.barnhartwealth.com/blog/two-types-of-soliders monthly 0.5 2022-06-14 https://www.barnhartwealth.com/blog/recessions-and-bear-markets monthly 0.5 2022-06-03 https://www.barnhartwealth.com/blog/rewarding-distribution-of-stock-market-returns monthly 0.5 2022-05-19 https://www.barnhartwealth.com/blog/tax-loss-harvesting monthly 0.5 2022-08-30 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1621878778981-6AYXXR93JZNQP6EI0CCZ/IncomeTaxAndCapitalGainsRates2021.jpeg Blog - Tax-Loss Harvesting: Turn Your Investment Lemons Into Tax Lemonade - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1621879743198-4B9WEV8J48FIQOT473SJ/Screen+Shot+2021-05-24+at+2.08.48+PM.png Blog - Tax-Loss Harvesting: Turn Your Investment Lemons Into Tax Lemonade - Make it stand out Source: www.portfoliovisualizer.com data. Sample illustration, not a recommendation to buy/sell listed securities. Reviewing the graph above, two ETFs are depicted: iShares S&P 1500 ($ITOT) and the Vanguard Total Stock Market Index ($VTI). From January 2020 - to December 2020, these respective ETFs have yielded almost identical performance numbers. This makes sense, as they are tracking similar markets, but not exact. https://www.barnhartwealth.com/blog/2021q4-quarterly-review-and-market-commentary monthly 0.5 2022-05-03 https://www.barnhartwealth.com/blog/yo-yo-or-the-hill monthly 0.5 2022-03-15 https://www.barnhartwealth.com/blog/market-resiliency-national-security monthly 0.5 2022-03-15 https://www.barnhartwealth.com/blog/asset-location-vs-asset-allocation monthly 0.5 2022-02-25 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628696450503-OQZEQ7S5H67ZRLNUF6J3/Picture1.png Blog - Asset Location vs Asset Allocation You are looking at a mix of different asset classes that you can own within your investment portfolio. Ownership in big businesses (US large-cap stocks), smaller businesses (US small-cap stocks), international businesses, companies located in emerging markets, and lending money to companies or governments (bonds). Pretty straightforward, and honestly, this chart is super cookie-cutter as we believe no two investors should be invested precisely the same and instead have a personalized asset allocation for their portfolio designed just for them and their goals. I digress. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628697724075-WPTRYI639VO0VMSS468B/Screen+Shot+2021-08-11+at+12.01.37+PM.png Blog - Asset Location vs Asset Allocation - Asset Class Historical Performance & Benchmark Sources A large-cap company is defined as have a market capitalization of +$10 Billion in the US. A small-cap company is defined as have a market capitalization of between $300 Million - $2 Billion in the US. So, now that you have all these numbers bouncing around in your head – here lies a straightforward question to test how well you’ve been following along. If the next 100 years of performance were to repeat itself, would you rather own a small-cap in your Roth or your IRA? Answer: the Roth! Remember, in your Roth; we never have to pay the taxes ever again, whereas, with the IRA, we will eventually owe taxes on any amount that we take out. Sources: S&P 500 Index Data: Derived from Robert Shiller's book, Irrational Exuberance, and the accompanying dataset. MSCI EAFE Data: MSCI is a company that classifies the world’s stock markets. Aswath Damodaran NY Stern T-Bond Performance Data. Robert Shiller compiled statistics of U.S. home price appreciation. Edward Mcquarrie & The Center for Research in Security Prices (CRSP) database: Small-cap US Stocks MSCI Emerging Markets Index Dataset https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628702040702-P7RQWWZANXBK3SSLE8KT/Screen+Shot+2021-08-11+at+12.23.38+PM.png Blog - Asset Location vs Asset Allocation - Asset Allocation at the portfolio level or the account level? A case study: let’s assume we have two identical investors. Each has $1mm of investable assets distributed amongst the following accounts: $200k Taxable, $200k after-tax (Roth), and $600k pre-tax (IRA), and they invest for the next 20 years. Regarding their risk tolerance (more on risk tolerance here vs. risk capacity here), they each opt for a ‘middle-of-the-road’ portfolio where their overall target allocation is depicted on the left. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628703068344-FWJ0CXVHMNPLJ5WUGVRY/Screen+Shot+2021-08-11+at+1.21.44+PM.png Blog - Asset Location vs Asset Allocation - Make it stand out Investor #1: Let’s call him Low-cost Luke. He is exceptionally cost-conscious and can’t justify a higher fee for seemingly the same results. Luke opts for a cookie-cutter asset allocation model designed to be plug n’ play for thousands of investors. Each of his accounts is allocated as depicted above. You may notice that each account has the same asset allocation. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628705577214-6QX2N4Q0G12YZ6Y45I6K/Screen+Shot+2021-08-11+at+2.12.35+PM.png Blog - Asset Location vs Asset Allocation - Using historical performance data, we can ascertain that Luke’s respective projected value in each account after 30 years of investing grows to almost $12 Million! The performance data used assumes that Luke essentially sets his portfolio and falls asleep for 30 years. He never rebalances, so there is substantial allocation drift, but that is for another blog post. However, to put his accounts into real, spendable dollars, we can’t forget to pay Uncle Sam. He would need to pay capital gains taxes on any gains (let’s assume 20%) in his Taxable account. To take a distribution from his Roth, he would not incur any taxes. And finally, with his IRA, he has to pay ordinary income taxes (let’s assume 35% to make it easy). As such, his after-tax balance gets slashed to just over $9 Million. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628703206938-6EGLZ3MCXZM9S1S8H275/Screen+Shot+2021-08-11+at+1.33.14+PM.png Blog - Asset Location vs Asset Allocation - Make it stand out Investor #2: So, I’m not naïve that this has been relatively prosaic and humdrum so far. I love this stuff, and even for me, it has been admittedly reasonably uninteresting. Hang in there; the big payoff for the time you’ve invested into this post is about to roll in. Anyways, Investor #2, let’s call her Conscientious Cathy. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1628705823081-TO181QV83WT47R6GP4B2/Screen+Shot+2021-08-11+at+2.16.47+PM.png Blog - Asset Location vs Asset Allocation - As you may notice, Cathy’s performance is identical to Luke’s. Her accounts all balloon to the same number Luke’s. However, from a tax standpoint, she initially allocated the more volatile, higher expected return asset classes within more favorable accounts. To make Luke & Cathy’s after-tax net worth apples-to-apples, we need to put her accounts into real, spendable dollars. The result: Cathy’s after-tax balance amounts to $10M - making her worth roughly $1M more than Luke. https://www.barnhartwealth.com/blog/what-is-causing-the-market-correction monthly 0.5 2022-02-25 https://www.barnhartwealth.com/blog/2021q4-quarterly-review-and-market-commentary-egbjl-x2bl8 monthly 0.5 2022-01-24 https://www.barnhartwealth.com/blog/2021q4-quarterly-review-and-market-commentary-egbjl monthly 0.5 2022-01-06 https://www.barnhartwealth.com/blog/2021q3-quarterly-review-and-market-commentary monthly 0.5 2022-01-03 https://www.barnhartwealth.com/blog/are-you-prepared-for-a-market-correction monthly 0.5 2021-10-06 https://www.barnhartwealth.com/blog/investment-vehicles-stocks-vs-mutual-funds-vs-etfs-6a8ht-bstt2 monthly 0.5 2021-09-30 https://www.barnhartwealth.com/blog/pick-stocks-yourself-or-leave-it-to-the-professionals-the-answer-will-surprise-you- monthly 0.5 2021-07-27 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1619464383376-SWXN5QUYZWIUQ1C19EVB/Screen+Shot+2021-04-26+at+3.12.38+PM.png Blog - Pick Stocks Yourself, or Leave It to the Professionals? The Answer Will Surprise You … - Percentage of U.S. Equity Funds Underperforming Their Benchmarks Source: S&P Dow Jones Indices LLC. Data as of Dec. 31, 2020. Past performance is no guarantee of future results. Charts are provided for illustrative purposes. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1619464754056-3OGVVY6WTV05XS1IFRR8/Screen+Shot+2021-04-26+at+3.19.01+PM.png Blog - Pick Stocks Yourself, or Leave It to the Professionals? The Answer Will Surprise You … - Percentage of U.S. Equity Funds Underperforming Benchmarks (Rolling Three-Year Returns) Source: S&P Dow Jones Indices LLC. Data as of Dec. 31, 2020. Past performance is no guarantee of future results. Charts are provided for illustrative purposes. https://www.barnhartwealth.com/blog/investment-vehicles-stocks-vs-mutual-funds-vs-etfs-6a8ht monthly 0.5 2021-08-18 https://www.barnhartwealth.com/blog/investment-vehicles-stocks-vs-mutual-funds-vs-etfs monthly 0.5 2021-07-14 https://www.barnhartwealth.com/blog/inflation-amp-market-commentary-05282021 monthly 0.5 2021-06-22 https://www.barnhartwealth.com/blog/market-timing monthly 0.5 2021-05-01 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1608827853777-PQK0WE2L55UYMVGUNSFW/Screen+Shot+2020-12-24+at+11.37.28+AM.png Blog - Timing the Market or Time in the Market? Investor 01- Alan. His name is Alan, but we may as well call this man Cool Hand Luke. He is able to detach his own emotions from his money and is otherwise a disciplined investor. Consistently investing $100 at beginning of each year, and staying the course. Investor 02 - Bob. The luckiest guy you've met in your entire life. Gets all the girls, homecoming king, this guy can't miss. His reward for being right? About 0.24% a year better than Alan. Investor 03 - Charlie. The unluckiest guy you've ever met. He never seems to have anything go his way. His penalty for being seemingly jinxed? About 0.32% a year from Alan. Investor 04 - Don. This is the smartest guy in the room. Or so he thinks. He puts his $100 at the beginning of each year the same as Alan, but he also tries to time to the market, getting in and getting out with his entire portfolio. Remember: he has to be right twice (once when he sells, and also again when he buys back in). Not taking into account the tax implications and trading costs, let’s just assume he misses out on ONLY the three best days each year. His portfolio is like a bar of soap; the more he touches it - the smaller it seems to get. Literally, he actually loses money- over 57 years he invests $5,700 and is left with $3,993. The lesson here is simple: have a disciplined approach, stay the course, and invest for the long term. Most folks don’t have to be the best investor in the world to achieve their goals, but they can’t afford to be bad investors. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1608829671341-O64NV4GRA0YM34TB2XUL/Screen+Shot+2020-12-24+at+12.07.46+PM.png Blog - Timing the Market or Time in the Market? The graphic above depicts the underperformance of the “Average Investor” compared to other asset classes. The return metric is calculated by essentially looking at the inflows (sales) and outflows (redemptions) of mutual funds each month and is widely accepted as a measure of investor behavior. Now let’s dive into why this might be the case. https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1608832839009-3IQ8JBUF50Q0SBUJI8JD/30-reasons-not-to-invest.png Blog - Timing the Market or Time in the Market? https://www.barnhartwealth.com/blog/why-the-games-should-stop-with-gamestop monthly 0.5 2021-01-31 https://www.barnhartwealth.com/home daily 1.0 2026-01-30 https://images.squarespace-cdn.com/content/v1/5fca0c063b59f5342fddfc3d/1607547819759-1F6QHGG0Q9P1C0JXCCWJ/IMG_3175.jpg Home - Fiduciary, for real. The industry has conditioned us to ask if our trusted advisor is a fiduciary - and rightfully so. Unfortunately, the majority of advisors today are not true fiduciaries. Be sure that your nest egg is receiving unbiased advice all of the time, not just some of the time. 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