Podcasts

Managing Director Lance Gunkel shares his thoughts about ambient emotions and financial decisions in his latest "Finance Moment" mini-podcast. Discover how to rank your ambient emotions and hear specific examples of how these emotions can affect financial decisions. Lance also gives two ways to avoid the pitfalls of ambient emotions. He quotes, "Our feelings may change, but their impact on our financial lives may have a lasting effect."

Managing Director Lance Gunkel explains how the emotion of panic may drive investors to sell their investments at an inopportune time. He shares a specific example from 2020 of how nearly 1/3 of investors over the age of 65 sold all their stock resulting in missed opportunities. He talks about why panic selling is bad for your financial health and a solution for resting easier when the market faces turbulence.

Managing Director Lance Gunkel explains the strategy of dollar-cost averaging (DCA) to help clients who have a large lump sum to invest. DCA can help clients avoid mistiming the market, reduce the impact of volatility, and help lessen the emotional rollercoaster of investing large lump sums. Lance explains that this strategy of spreading out investments over time has been especially helpful in down markets like in 1987, 2001, 2008, and 2020 and how it forces clients to think long-term.