Jon West - Life Insurance Agent

07/28/2022

An easy trick for saving and spending.

Follow our 50/15/5 Rule: No more than 50% of your take home pay should go to essential expenses, 15% to retirement savings, and 5% to short-term savings.

07/22/2022

With concerns about a potential recession looming large, over two-fifths or 44% of U.S. adults said they don’t believe they are financially ready if a recession hits, according to a new survey by Investopedia sister site The Balance.

Respondents with incomes of up to $50,000 were more likely to say they weren’t at all prepared at 36% compared to 14% of those earning more than $75,000. And around four out of 10 adults expect their finances to get worse over the coming year.

07/15/2022

The market sure has been up and down the past six months. Here is an article that could give you some ideas on how to stay invested during a time of uncertainty like this.

Defensive portfolio management may create a more protective pattern of returns. Discover the ways defensive portfolios may reduce losses during down-markets here.

07/01/2022

All three major U.S. stock indexes finished the month and the second quarter in negative territory yesterday, as the S&P 500 lost 0.9%, while the Nasdaq dropped 1.3%, and the Dow fell 0.8%. For the month, the S&P 500 fell 8.4%, the Nasdaq declined 8.7%, and the Dow lost 6.7%.



It was the largest first half percentage drop ever for the Nasdaq, while the Dow plunged the most since 1962. For the first half of 2022, the S&P 500 fell 20.6%, the Nasdaq lost 29.5%, and the Dow declined 15.3%. All three indexes posted their second straight quarterly declines. The last time that happened was in 2015 for the S&P 500 and the Dow, and 2016 for the Nasdaq. For the quarter, the S&P 500 declined 16.4%, the Nasdaq lost 22.4%, and the Dow fell 11.2%.

06/30/2022

Warren Buffet shares his thoughts on what to do during inflation.

The Oracle of Omaha seized upon equity dips during a Q1 spending spree, but inflation also was a clear driver of several Buffett purchases.

06/28/2022

Take a couple of minutes to read through this and see if you have this insurance.

Financial planner Hanna Horvath says way too many people skip disability insurance, but it protects your most important asset — your income.

05/28/2022

For some, money is a taboo subject. To me, it would seem to make sense to talk about it since we could all help each other. Here are some findings from surveys done.

https://www.thestreet.com/investing/talking-money-taboo-for-most

05/18/2022

Good stuff. Recency bias can influence us in our decision making.
https://www.investopedia.com/recency-availability-bias-5206686 #:~:text=The%20recency%2C%20or%20availability%2C%20bias,people%20to%20make%20poor%20decisions.

The recency bias, or availability bias, identified by behavioral economics, is when people overweight new information or recent events.

05/06/2022

History shows that rate increases may be accompanied by stock market volatility and even sizable pullbacks, as in 2018 when higher rates were followed by a brief 20% correction in the S&P 500®. But while wars, sanctions, and inflation may all add to market anxiety, a gradual rise in interest rates is no reason for long-term investors to abandon well-diversified financial plans. Instead, they should maintain perspective on news events and the short term, and focus instead on their longer-term goals.

04/29/2022

04/22/2022

A good reminder about the importance of life insurance!
https://fb.watch/cx_jLQz5WE/