Prato PerspectivesSome thoughts and insights for the long term investor
Almost 2 years ago in our March 2021 newsletter, we discussed the fear of missing out when investing. This was a time when cryptocurrency and MEME stocks were all the rage and made the idea of investing seem like an easy way to get rich.
Many set goals for a new year, such as eating healthier, reading one book a month, getting in better shape, … the list goes on and is specific and unique to everyone. At Prato Capital, we see the start of every new year as a great time to review and update our client’s Financial Life Plan (FLP) if necessary. This month we will look specifically at some of the legal components of an FLP and how to always have easy access to these very important documents.
2022 was a difficult year for investors. Both the stock and bond markets have entered bear market territory and many investors are looking for some relief as we start 2023. As stock market predictions come in for 2023, we caution investors about putting much faith in any of these predictions.