Economics talk is in the news now more than I can remember in recent years. This is understandable because of everything that is happening at the same time. The laundry list of economic issues include the war in Ukraine, supply chain issues, pandemic, high inflation, low wages, stock market recession, deglobalization, oil and gas drama, rising interest rates, housing prices are through the roof, low wheat supply, and even fertilizer is giving us problems.

Estate planning may be one of the most avoided topics in finance. I don’t know anyone who is comfortable confronting their own or their family members mortality but the hard fact is that death and taxes are a certainty. Getting your mind in the right space to work on this process is step one.

It’s hard to say this as a financial advisor but if someone tells you they know what they are doing when it comes to investing their own money then I can say for certain they are lying. That doesn’t mean there aren’t people out there who can help you beat the market. In fact, I find it hard to believe anyone can beat the market with their own money. Some may get lucky and I’d take being lucky over being skilled any day but the truth is that getting lucky in the stock market is probably as rare as winning the lottery.