On this week’s episode of Tape Talk, Quint and Daniel discuss why it’s important for your investments to have a goal and that you ensure they’re allocated appropriately to achieve it.
Before getting into this week’s topic we first hit the headlines. This week it’s news dropping from Washington about potential new tax cuts on the horizon as well as the Fed continuing to inject liquidity into the overnight lending markets. However, stocks continue to shrug off most headlines good and bad as they methodically move higher.
What’s the Goal?
One of the things that Quint and Daniel have been seeing more lately, as the market continues to set new highs, is a general lack of focus on investors around what their investing goals are and how their portfolio is working towards those goals. We discuss a bit about why it’s important to not just own investments but understand why you own what you own and how you are working your way towards your own goals. At the end of the day, it’s nice to know how the S&P 500 performed but it’s more important to know whether you’re on track for the goals that are important to you.