Advent Capital Strategies

How should I respond to the market drop?

📉 When the stock market experiences a sell-off driven by fear, it's crucial for prudent investors to stay calm and avoid panic selling. Here are some smart strategies to consider:

1. **Stay Level-Headed**: Don’t let emotions dictate your decisions.

2. **Reassess Your Strategy**: Ensure your portfolio aligns with your long-term goals.

3. **Look for Deals**: Market downturns can present buying opportunities for quality stocks.

4. **Diversify**: Spread your investments across different sectors to mitigate risks.

5. **Dollar-Cost Average**: Invest a fixed amount regularly to reduce the impact of volatility.

6. **Focus on Fundamentals**: If your investments are sound, it might be worth holding on.

7. **Consult Advisors**: Seek professional advice for valuable insights.

8. **Think Long-Term**: Remember, market fluctuations are normal; stay focused on the bigger picture.

9. **Review Emergency Funds**: Ensure you have liquidity to avoid selling at a loss.

Navigating market sell-offs can be tough, but with a thoughtful approach, you can position yourself for recovery! 💪📈

💰 Jeremy S. DeSpain // Advent Investor Outlook // Q2 2024 💰 - https://mailchi.mp/ba0014718efc/advent-investor-outlook-july-12740829

As a Christian, the view on whether investing in retirement is considered gambling may vary depending on individual beliefs and interpretations. However, there are several reasons why investing in retirement is generally not considered gambling from a Christian perspective.

1. Stewardship: Christians are encouraged to be good stewards of the resources that God has entrusted to them. Investing in retirement can be seen as responsible stewardship, as it involves wisely managing and growing one's financial resources for the future.

2. Planning for the future: The Bible teaches the importance of planning for the future and providing for one's family. Investing in retirement allows individuals to prepare for their financial needs in later years and ensure they have enough resources to support themselves and their loved ones.

3. Wise financial management: Investing in retirement is often based on careful analysis, research, and long-term planning. It involves making informed decisions and managing risk through diversification. This approach aligns with biblical principles of wisdom, prudence, and diligence in managing financial matters.

4. Providing for others: Investing in retirement can also be seen as a way to provide for others, such as family members or charitable causes, in the future. By growing wealth through responsible investing, individuals have the opportunity to bless others and contribute to the well-being of their community.

It's important to note that while investing in retirement is generally viewed as a responsible financial practice, it's always advisable to seek guidance from financial advisors and consider individual circumstances and risk tolerance.

Americans spent $4,800 on their pets last year, with no plans to cut back in 2024 🐶🐾

“Wagging tails and wet noses often pull our heartstrings, but in the long run, getting a pet should also be a financial decision. Animals come with an additional financial risk in the form of medical bills, food and liability concerns.”
— SHANNON MARTIN | BANKRATE INSURANCE ANALYST

🔔LEARN MORE https://adventcapitalstrategies.com

https://www.bankrate.com/insurance/homeowners-insurance/pet-ownership-cost-statistics/

💰The dollar or cash has no intrinsic value. What’s it worth? 💸

Have you ever stopped to think about the value of money? 💭💵 It's fascinating to realize that the dollar bills in our wallets or the coins in our pockets are essentially just pieces of paper and metal. They have no inherent worth on their own, except for maybe the metal. So, what gives them value? 💰

The value of money lies in the trust and belief we place in it as a medium of exchange. We accept that these pieces of paper and metal hold value because we have faith in the stability of the economy and the institutions that back them. 💱✨

But if you really think about it, money is simply a tool that facilitates transactions and trade. It represents the value of goods and services we can acquire with it. Its worth is derived from the goods and services it can be exchanged for. 💪🛍️

So, the next time you hold a dollar bill in your hand, remember that its value is not in the physical object itself, but rather in the trust and confidence we have in its ability to enable us to obtain the things we need and desire. 💸🌟

💰💼 When it comes to annual income, financial security is key. Here are some tips to help you feel financially secure:

1️⃣ Build an emergency fund to cover unexpected expenses.
2️⃣ Create a budget and stick to it.
3️⃣ Diversify your income sources.
4️⃣ Invest wisely for long-term financial growth.
5️⃣ Maintain a good credit score.
6️⃣ Continuously educate yourself about personal finance.
7️⃣ Protect your assets with insurance.
8️⃣ Plan for retirement and contribute to a retirement account.
9️⃣ Seek professional advice from a financial advisor.

Remember, financial security is a journey, not an overnight achievement. Take small steps consistently, and you'll pave the way to a stable and secure financial future! 💪💵

Give. Enjoy. Invest. ➡️ https://adventcapitalstrategies.com

🧨An article by WalletHub states Americans spent an estimated $2.7 billion on fireworks in 2023. Figures from the American Pyrotechnics Association show that overall, Americans used 273.6 million pounds of fireworks in 2023.🇺🇸

💼💰 Diversification: The Key to Successful Investing 💼💰

In the world of investing, diversification is not just a strategy, it's a necessity. By spreading your investments across different asset classes, sectors, and regions, you can minimize risk and maximize potential returns.

Why is diversification so important? 🤔

✅ Risk Reduction: Diversifying your portfolio allows you to mitigate the impact of any single investment's performance. If one investment underperforms, others may compensate, reducing the overall risk.

✅ Capital Preservation: By diversifying, you protect your capital from significant losses. Avoiding concentration in a single investment can help safeguard your hard-earned money.

✅ Opportunity for Growth: Diversification opens the door to various investment opportunities. It allows you to capture growth potential from different industries, regions, and market conditions.

✅ Smoothing Out Volatility: Different assets perform differently under different market conditions. Diversification helps smooth out volatility by balancing the ups and downs of individual investments.

✅ Long-Term Stability: A well-diversified portfolio provides long-term stability, allowing you to weather market fluctuations and achieve your financial goals.

Remember, diversification should be tailored to your investment goals, risk tolerance, and time horizon. Seek guidance from a financial advisor to develop a diversified portfolio that aligns with your needs.

Invest wisely, diversify smartly, and reap the rewards of a well-balanced investment strategy! 💼💰

💰💪 Staying on track with your budget is key to financial success! Set clear goals, track your spending, and make smart choices. Remember, every dollar counts. Stay disciplined and watch your savings grow. 💸💼

😂

If it was easy, everyone would be doing it!! 🤑

And growing…📈

Inflation is real…🤑

Your quality of life in retirement will depend more on your health than your wealth.

Jeremy S. DeSpain 📈 Advent Investor Outlook 💰 Q1 2024 - https://mailchi.mp/b22bb3d2eaf8/advent-investor-outlook-july-12717931

Joseph wisely saved in the plenteous years to be ready for the lean years.

It’s paralyzying to be content with zero progress.

Just don’t buy more than you’ll consume! 🤓

A good financial strategy is greater than good income.

2/3 of NBA players file bankruptcy five years after retirement. 🏀

✝️…ADVENT…✝️

Some people have asked me how I came up with the name of my wealth management firm, Advent Capital Strategies.

The answer is simple—Jesus is coming again. While we celebrate His first Advent during Christmas, we look forward to His second Advent. 🙌

But looking forward to Christ’s second Advent doesn’t mean we neglect being good stewards. If the Lord has given you much, He expects you to give much. You cannot give if you are not financially secure.💸

It’s startling how many Christians have little to no money saved for their golden years. And it’s not because they didn’t have money. It’s because they didn’t have a plan. They didn’t have a strategy. They didn’t stick to a budget. And worst of all, they offer the excuse, “The Lord is coming soon”. 🥺

But what if He tarries? Will you be ready to support the ones you love? It doesn’t take high income to build wealth. It takes guidance, patience, and consistency. You can do it! 🤓

Don’t wait for the Second Advent. Start now.

📲

Advent Capital Strategies, LLC Advent Cap is a fiduciary and fee-only investment advisory firm that focuses on wealth management, retirement planning, and financial consulting.

Proverbs 13:11
“Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase.”

Anybody can save.
Everybody should save. Are you?

A strategy to save will always produce a better outcome than spontaneous saving.

The average car payment in 2023 is $729/month.

Invest $729/month over 10 years at 6% = $119,750

Don’t compare yourself with broke people to justify your bad financial habits.

“What should I do with my old 401(k) from my previous employer?”
🤔