- Your Annual Financial Health Assessment
- Resources for well-being from Gayle
- The high risks of day trading
- October’s Going Green theme: Socially-Conscious Investing
What Matters Most
From Gayle, some resources for your well-being:
How to survive Zoom meetings
So much of everything has moved online, yet all this video time can be exhausting! Are you resistant to joining a class, group, or even a friends/ family gathering because you are Zoom-ed out? Social contact and learning is essential to well-being, and a Zoom call doesn’t have to be a hostage situation.
Some tips to stay fluid while dialed into the screen:
- Rest eyes from fatigue by viewing the horizon. (See link below to Gayle’s blog on conditions.)
- Color, sketch or draw, during “off” hours rather than watching TV or being on a device. Give your hands and eyes another way of “going.”
- Every hour, stand up and move your body. Breathe. Walk. Bend. Whatever body movement feels good. There is no right movement but your body needs to move.
- Bonus – nature. Nature is a free and generous resource to balance our body – in all ways.
We have conditions about how to gather with others, connections, and the way it “should be.” We are moving into a whole new way and we are called to get used to new methods and grow in this unknown.
Add something nourishing (whatever that is for you) to your “routine” and look closer at your conditioning – beliefs, behaviors, views – that cause fatigue being on zoom.
See Gayle’s blog post about the topic of conditions, on SomaticFinance.com: Conditions. Conditioning. Conduits.
Many are chasing the stock market by day-trading
in the pandemic. It could end badly
- We know that you, our clients, are in good hands, but what about your family and friends?
- According to the stock platform Etoro, they found that a whopping 80% of day traders lose money over the course of a year with the median loss of -36.30%!
by Jim Pavia
Working from home and bored with lots of free time, many people are turning to the stock market and dabbling in day trading for entertainment and profits during the pandemic. In fact, TD Ameritrade reports that visits to its website giving instructions on trading stocks have nearly quadrupled since January.
On the surface, day trading may appear like an easy concept. Jump in and out of trades as the price moves, make a little profit, rinse and repeat the entire process tomorrow. Sounds simple, right? Just kidding. Let’s be honest, trying to make a profit by buying and selling individual companies over a short period of time can backfire. I am being brutally honest when I say that many “newbie” day traders do not have the wealth, the time, or the temperament to make money and to sustain the losses that day trading can bring.
Ask yourself this question: do you truly understand the amount of risk you are taking?
Before you decide to jump in and do a little day trading, consider these points: Day trading is not for everyone; it’s not a get-rich-quick scheme; it’s a tough, high-risk way to make a living; it certainly isn’t for the faint of heart; and many may not be prepared for how much money they can lose with the trades they’re making.
However, if you truly want to do some day trading, financial experts suggest the best thing to do is to only invest a small amount of your money to learn whether you have the skill set to beat the market. In another words, just dip your toe into the water.
Doug Boneparth, a certified financial advisor, recommends that investors who want to dabble in the market should set up an “opportunity portfolio,” between 5% and 10% of their investable assets designated to picking individual securities. With that money, they can invest in individual companies and it can prevent doing too much damage, he says.