RF Tolbert Wealth Management

DO I NEED AN EMERGENCY FUND?!

As people in Maui are trying to recover from the catastrophic fires which wiped out neighborhoods and businesses, and people in Florida are preparing to evacuate due to hurricane Idalia. These unplanned occurrences can take a toll on your emotions, but more so on your wallet. An emergency fund is always needed in the event of unplanned financial circumstances.

An emergency fund is a cash reserve that is specifically set aside for unplanned expenses or financial emergencies, typically separate from your long-term savings i.e. IRAs, 401k Savings, Pensions, & long-term investments. It is suggested that you have at minimum 3-6 months' worth of living expenses but sometimes that may not be enough.

As of January 2023, over 60% of Americans are living paycheck to paycheck, over 69% in urban areas. Research suggests that individuals who struggle to recover from a financial hardship have less savings to help protect against a future emergency. They may rely on credit cards or loans, which can lead to debt that's generally harder to pay off. They may also pull from other savings, like retirement funds to cover these costs, which could cause taxes, and potential withdrawal penalties.

See a Financial Professional to set up an emergency Savings today!

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New office build out complete. Signs should be completed by next week, furniture being delivered. Still in Ponte Vedra Beach, FL. Will officially be conducting business from new office next week. Our goal is to continue to grow, by always providing a supreme level of service and competency in assisting clients in reaching your financial goals and objectives.

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It’s been a tough year for investors, expecting a much better 2023.

There are some small changes you can make that will greatly effect your overall wealth in 2023 and years to come:

1. Budget, monitor, and control your expenses
2. Continue to invest a minimum of 10-15% of your annual income
3. Focus on the long term, don’t worry about daily, weekly, monthly, gains, losses. Focus on 2-5 year time horizon and you will be successful.
4. Whatever your income, always live below your means.
5. Consult with a Financial Professional.

HAVE A HAPPY AND BLEESED NEW YEAR!

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RF Tolbert Wealth Management Welcome and thank you for visiting our website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to t...

Patience is the key to long term investment Success

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Stocks Look Alluring. It’s Time to Snap Up Bargains, Say Big Money Managers. Our latest Big Money poll of professional investors finds many bearish about stocks in the near term, but bullish about the market’s longer-term outlook.

Student loan forgiveness application is now open!

https://lnkd.in/ebWugDKz

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Student loan forgiveness application officially launches, putting relief in sight for 40 million Americans Tens of millions of Americans can now apply for student loan cancellation.

CDC removes Covid-19 Travel Warning for Cruise Ships. Could be a buying opportunity.
Long term patient investors always win!

CDC Removes Covid-19 Travel Warning for Cruise Ships The health agency will continue to provide guidance to the cruise industry, but move leaves passengers to make their own risk assessments.

If you can afford to max out your 401(k) and there’s still wiggle room in your budget, your plan may have a special feature to save even more.

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After-tax 401(k) contributions can be a game-changer for big savers After-tax 401(k) contributions allow you to save beyond the annual employee deferral limits. Here's what to know if your plan offers this feature.

Never give up! Keep grinding everyday, for the opportunity to be all you can be!

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This is my favorite time of the year, to focus on finishing the year strong and productive, spending time with family, prepare for next year and strengthen my mind and perspective with some good quality reading. I picked up some recommended reads. I’m a very slow reader, hope I can finish before Jan 2, 2022.

I have just completed the Energy Bus, it’s a fun easy read by well known author Jon Gordon. I have always been a fan of Mr Schwarzman, and Boone Pickens (RIP). Of course 50 Cent is a great success story. The Intelligent Investor is one of two books I read annually, still get some good nuggets from this. I strongly recommend this.

Share if you have some good books to suggest.

RF Tolbert Wealth Management: ‘Our Clients’ Success is our #1 priority’

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Amazon up 4.5% today, closes at all time high at $3,676.28 per share. Stock has been in a trading range for 8-9 months, previous all time high was September 2020. Some analysts have re-set target share price at $5,500.00 per share. Patient investors still win!

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Amazon Stock Hits a New All-Time High as Jassy Takes Over Amazon shares have spiked 3.7%, setting a new intraday high. If the gains hold, it would be the first new closing high for Amazon since September 2020.

Facebook FB, now has a $2 Trillion dollar valuation. Spending a lot of time on the FB platform, why not profit from it as an investor. Shares up YTD 30.19%. Still a buying opportunity. Contact us re: investing directly or in a Technology Savvy Mutual Fund www.rftolbertwealth.com

Facebook Stock Hits All-Time High After Judge Dismisses FTC Complaint A U.S. District Judge said a Federal Trade Commission complaint against Facebook "is legally insufficient and must therefore be dismissed."

Teach your kids that quitting is ok when they're young, and they will master it when they are adults.

Teaching your kids that winning requires a little bit of hard work and endurance and they will become successful.

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Now, is not the time to quit! Let's go! www.rftolbertwealth.com

Whirlpool Corp. WHR up YTD 29% reported strong earnings today. Also, raising the dividend 12%. Will watch very closely for additional growth. Familiar brands include KitchenAide, Maytag, Amana, Jennair etc. www.rftolbertwealth.com

Dividend Hike, Stock Buybacks Boost Whirlpool Stock The moves are a show of confidence from management that it believes business will remain robust in the months ahead—even as the pandemic eases.

Harley Davidson HOG reported earnings with revenue increase of 29%. Expecting 30-35% increase for rest of the year. Robust demand for touring bikes led to a 12% increase in motorcycles and related products. You like bikes? Could be a buying opportunity. www.rftolbertwealth.com

Harley-Davidson Stock Is Rising. Strong Earnings and Guidance Top Tariff Worries. Harley-Davidson stock is soaring on the motorcycle giant's upbeat earnings and a raised outlook, overshadowing EU tariff issues.

Is your routine off track? This article may help get your daily/morning routine back on track

Top 10 Daily Routine Reflections – Steele Coaching Group 12 Apr Top 10 Daily Routine Reflections I call it the “Invisible Year”. The year of the COVID Pandemic; March of 2020 to April of 2021. Many of us let our routines slide during those months of working from home. We were suddenly out of our daily office routine and never recreated nor committed t...

Dine Brands Global Inc.'s DIN, Parent company of International House of Pancakes (IHOP), also owner of AppleBee's, stock is up YTD 56%. Recently announced hiring plans in anticipation of post pandemic growth in casual dining sector. Still a buying opportunity. www.rftolbertwealth.com

IHOP looks to reach goal of 10,000 new hires in coming months ahead of 'restaurant renaissance' Dine Brands Global Inc.'s undefined International House of Pancakes LLC, known as IHOP, said Thursday it is looking to reach its goal of 10,000 new employees...

Target was a major beneficiary of the Covid-19 pandemic, and while some other winners have lagged behind the market lately, its shares recently hit a record high of more than $200. Still a buying opportunity. www.rftolbertwealth.com

Target Just Hit a New High. Why the Rally Isn’t Over. Stifel analyst Mark Astrachan raised his call on the stock price, saying market-share gains the retailer achieved during the pandemic seem sustainable.

If you are on track for your investment planning & retirement goals, or getting a late start. A diversified discipline approach is still a viable option. www.rftolbertwealth.com

How to make up lost ground if you got a late start saving for retirement Some investors take on greater risk in an attempt to get bigger returns. But there's a simpler, more prudent way.

Airline Stocks still a buying opportunity. www.rftolbertwealth.com

Airline Stocks Are Soaring as Leisure Travel Keeps Growing Southwest and JetBlue point to more vacation bookings, while Delta predicts more rocky times until business and international travel pick up again.

Bitcoin up nearly 70% YTD 2021. The recent rise toward all-time highs is creating millionaires, on paper, at a fairly rapid clip. www.rftolbertwealth.com

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts.

Nine techniques for structuring a more productive workday www.rftolbertwealth.com

Council Post: Nine Techniques For Structuring A More Productive Workday Ensure you're using your time wisely with these expert-recommended tips.

Amazon reports its first $1Billion Quarter. Jeff Bezos stepping aside as CEO. AMZN investors have done extremely well by focusing on long term fundamentals and not chasing short term market euphoria. AMZM price target $4500.00/share still a buying opportunity. Remember: The tortoise always wins! www.rftolbertwealth.com #

With Jeff Bezos at helm, Amazon’s stock performance has made the S&P 500 look like a flat line Impressive as Amazon's returns have been under Jeff Bezos, it actually ranks second among all S&P 500 stocks since the IPO in May 1997.

Equity markets hitting record levels today. Markets have traditional liked boring gridlock in US government. There are still opportunities for potential further gains in the market if vaccines help to strengthen a rebound from the pandemic sometime in the second half of 2021. Now is the time to be making adjustments to your portfolio and overall Financial Planning. www.rftolbertwealth.com Call for free consultation

Stock market posts best Inauguration Day rise in 36 years as Biden takes office Wall Street appeared to be cheering the change of leadership under way in the White House, producing one of its best returns in nearly four decades on the...

President elect Biden intent on introducing several changes that could impact your investment savings and retirement planning. Consult a Financial Professional. www.rftolbertwealth.com

As Democrats Take Over Senate, Personal Finance Hangs in Balance Here’s the potential impact on tax policy, retirement savings, student loans, caregiver support and Covid-19 aid.

Georgia Senate Election Results will have an impact on direction of equities early in 2021.

Global Markets Await Georgia Results as Coronavirus Woes Weigh on Europe The results of the Senate runoff race in Georgia could usher in a Democratic sweep and allow Joe Biden to push policies through Congress more easily.

Will you be receiving a stimulus check? Here are some details re: recently passed stimulus package. www.rftolbertwealth.com

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Are you doing what it takes to win, or just criticizing those who are? - RF Tolbert www.rftolbertwealth.com