Tom Bruni | Slow & Steady Wealth

Profile under construction. 🚧
Relaunching soon. 👀

[TradeTalks @TradeTalks]

.@stocktwits Senior Writer @BruniCharting joins @JillMalandrino on @Nasdaq #TradeTalks to discuss retail trading trends as new generation of investors is experiencing their first major macroeconomic downturn and higher interest rates. https://t.co/XYaCvXgakA

[Tom Bruni, CMT, CPA @BruniCharting]

Looking forward to presenting tomorrow at @Investopedia's "Invest Like A Pro" session along with @_masterinvestor, @bigmarh, and others!

If you're in NYC or want to attend virtually, find all the details here: https://t.co/3t7yCqcrZY

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@dhtoomey More like SPAC to the future, amirite?

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

If you ask 100 people why the market is doing what it's doing, you'll get 100 different answers.

That's because nobody knows.

They're all just educated guesses from people with different approaches, timeframes, objectives, etc.

Focus less on the day-to-day noise & more on you.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@BullandBaird I'd think that a portion of this is driven by the default investments being target-date or lifecycle funds that have some allocation to bonds, regardless of age.

Also, if the plan starts off w/ a survey to assess risk tolerance, I'd imagine very few would match w/ 100% stocks.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@dhtoomey "All write, all write, all write." - Matthew McConaughey

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@businessbarista @MorningBrew Left my Wall Street job to teach Millenials/Gen Z practical personal finance info. Going to build it into a larger financial edutainment company over time.

Entering month four & just crossed 2k total followers

I listen to Founder's Journal, but a structured course sounds great!

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@stephsmithio Myself. And I am 👀

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@WhiteBoardFin Barbell curls in the squat rack.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@heyblake A comment.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

@howardlindzon @SocialLeverage oversleep after staying up all night to trade the futures.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

The market falling presents an excellent opportunity to assess your sources of information.

Are the people/news sources you're following adding to the hysteria? Or are they a voice of reason and calm among the noise?

Choose who you let inside your mind wisely.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

A quick survey is how most investors/advisors assess risk tolerance.

The truth is you only find out your real risk tolerance when exposed to market volatility.

If you've been losing sleep because your investments have fallen recently, you're taking too much risk.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

If you had a bad week and didn't accomplish everything you set out to, remember that you're running a marathon and not a sprint.

Any journey worth taking will have ups and downs, especially building wealth.

Take a pause, refocus, and get back on track as soon as you can.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

Record stock prices are BAD if you are a young person in your prime working years.

The best thing for us would be years of below-average or negative stock market returns.

You want the price of assets to go up AFTER you own them, not while you’re consistently buying them.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

Expensive or hard-to-reverse decisions should be rigorously analyzed/debated.

Cheap or easily-reversible decisions should be made quickly.

Action-oriented people realize most decisions are the second type.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

Don’t obsess over choosing a Traditional or Roth retirement account.

Just start investing.

If you start early enough and are consistent, you’ll likely end up with several million dollars at retirement.

You’ll have won the game and be 100% better off than those who never start.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

Just because you haven't reached your "dream" financial situation doesn't mean you need to make your journey to get there a nightmare.

Balance is key to sticking to your long-term plan and reaching your financial goals.

Enjoy your $5 coffee. It's all going to be OK.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

This is what's happening with Tech stocks.

Their underlying numbers are improving, but the multiples people are willing to pay for them have contracted drastically.

Example - Teladoc.

h/t @KoyfinCharts for the chart.
h/t @charliebilello for the wild Teladoc stats he posted.

[Tom Bruni | Slow & Steady Wealth @TomBruni_]

Earnings growth and multiple expansion/contraction are what drive stock prices.

Either the underlying company���s earnings grow/shrink, or someone pays a higher/lower price for the company's earnings.

One is quantitative and the other is behavioral.

You need to consider both.