Successful Money Strategies offers a full service and unique financial planning experience focusing on a holistic approach encompassing virtually all of your money issues. Located in Fall River - the heart of the Southcoast, our clients are located all over Southern New England as well as New Hampshire, Maine, and Florida.
We've had some interesting times in the stock market this month. In January, the US markets roared to new highs. Yet in early February, the wheels came off the rally, so to speak. We reached an official correction status as the market dropped by more than 10% from the previous high.
The cause of this drop is more interesting than the drop itself. It's a window into the human psyche and, if we heed its lessons, will make the next drop much easier to experience.
Over the past few months, we've seen a lot in the news about Bitcoin. Not only do you see it on the news, the Internet is full of the stuff. Most financial sites and apps are tracking cryptocurrency prices. And I can’t scroll through Facebook without at least one ad or ad-pretending-to-be-an-article about cryptocurrencies. Everyone seems to be watching them. But without a basic understanding, it’s all just gobblygook.