Gavin L. DiStasi's blog

Join TDWM at Bike MS: Waves to Wine 2016

Multiple Sclerosis (MS) is a potentially debilitating disease which causes damage to the insulating covers of nerve cells in the brain and spinal cord, and for which there is no known cure. This is a disease which has closely affected the families of multiple members of our firm here at TDWM, and so, once again, Topel & DiStasi Wealth Management will be sponsoring a team in this year’s Bike MS Waves to Wine charity ride to benefit the National Multiple Sclerosis Society on September 24-25th, 2016.

Cash Is King

Without Adequate Cash Reserves, You’re Gambling — Not Investing

Paying down high-interest revolving debt, such as credit card debt, and building up cash reserves for emergencies are generally the first steps to getting your financial house in order. Financial advisors differ on how much cash you should have on hand, but virtually all say that it’s crucial to have an emergency fund before investing.

Financial Planning Should Be About the Journey and the Destination

In Carol S. Dweck’s groundbreaking book Mindset, there is a quote relating to people mired in what she calls the fixed mindset.

“In the fixed mindset, everything is about the outcome. If you fail—or if you’re not the best—it’s all been wasted. The growth mindset allows people to value what they’re doing regardless of the outcome.”

Investors Shouldn't Give In To Messages of Fear

I like to watch Bloomberg TV in the morning as I’m getting ready for work. It’s a way to mentally prepare for the day, and get a sense of the markets, and the major storylines from around the world, before heading to the office. It may seem an odd ritual for someone who talks and writes about the importance of ignoring daily market movements, and tuning out the sensationalist financial media, but I think there is a big difference between choosing to look beyond the short-term, and being uninformed about it.

5 Ways to Keep Calm, Carry On in a Volatile Market

The first four trading days of 2016 were the worst to start a year in the history of the S&P 500, and the volatility continues to take investors on a roller coaster ride as January grinds on. In the face of that kind of downward pressure, and the ensuing onslaught of negativity in the media, it can become extremely difficult for investors to keep a level head.