May 2020

Should You Rent Rather Than Buy Your Home?

Submitted by Moneywatch Advisors on May 26th, 2020

Friends of ours are in the process of downsizing and would like to move to a different, hipper, part of town. (Not in Lexington) As they grapple with the details of freeing up cash for necessary work on their current home, look for a new house to purchase, attempt to decipher mortgage details and, maybe most of all, try to assemble all the moving parts in a sequence that avoids living in an apartment between houses, it can be quite stressful. Amid all of this I asked if they had ever considered renting rather than buying a new place.

Post-Pandemic Planning

Submitted by Moneywatch Advisors on May 20th, 2020

What have you learned about yourself during the pandemic?

Recently, a friend of mine told me she used to dream of being at home all day during retirement…until the pandemic forced her to work from home. Although busy, she is nonetheless bored. She now believes that dream was premature and maybe she needs a more thorough plan for when retirement arrives. Her story reminds me of the importance of planning for your post-career purpose, not just for your financial future.

May 2020 Newsletter to Clients

Submitted by Moneywatch Advisors on May 15th, 2020

Enjoy this month’s edition that features a note to UK clients, a notice of fund changes and a report on investment performance.

The Wisdom of Wally

Submitted by Moneywatch Advisors on May 5th, 2020

My 14-year old client, Wally (not his real name), recently showed wisdom beyond his years when pondering an investment question. For background, four years ago Wally had a few bucks that he’d saved from birthday gifts and mowing his grandfather’s lawn that he decided to invest. The measly interest from a bank savings account wasn’t getting the job done so he chose, on his own, three individual company stocks to buy. Now, we invest our clients in mutual funds rather than common stocks, but occasionally a client will ask to invest a small amount of their portfolio in a company they like and this seemed to be a good way for Wally to learn about the stock market. Here are the companies he chose to purchase:

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