It’s Sunday, which means...It’s recap time! This week, we covered the opportunities and risks in today’s stock market and what you should be paying attention to as an investor right now. 

Here’s what we covered in each episode this week: 

• Why the worst is likely behind us with the Covid recession
• Opportunities in high-quality dividend stocks, small-cap stocks, and international stocks
• Risks in a tech-heavy portfolio
• And lastly, what to expect this Fall from the stock market as we head into the heated political season of a presidential election year

Hopefully after listening to the One Minute Retirement Tip this week, you have a clear sense of some of the trends, the opportunities and risks to be mindful of as you try to navigate the world with your investment portfolio. 

I don’t claim to be an investing genius, nor do I have all the answers. But I do have a magic 8 ball in my office, so that probably counts for something as I dispense this advice to you. 

The point is that while not all of my predictions may materialize, they are important enough to be aware of and pay attention to, and take action if necessary, so you can protect your retirement against some potential risks as well as position yourself for success over the long-haul. 

Tomorrow, we are starting a brand new theme: What is Behavioral Finance? 

Behavioral Finance is a relatively new field of study that has become more commonly understood over the last 20 years. It’s the study of the influence of psychology on the behavior of investors. Since investors aren’t always rational, we have limits to our self-control, and we are all influenced by their own biases - these factors influence how we make decisions with our money. 

So it’s important that you understand the impact of your conscious and subconscious behaviors, in order to make rational decisions and avoid some common blunders. 

And if you haven’t already, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - everything from RMD mistakes smart retirees don’t make to understanding non-qualified deferred compensation plans.

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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