Estate Planning & Elder Care Firm of Michigan - May 2021

How to Live to 99 BETTY WHITE’S

SECRETS OF LONGEVITY

Stay Busy With nearly eight decades of acting under her belt, six Emmys on her shelf, and over 120 screen credits to her name, White is no stranger to hard work. As she told Parade in 2018, “I just love to work, so I’ll keep working until they stop asking.” Exercise Your Mind In addition to her busy work schedule, what keeps Betty White sharp? Crossword puzzles! She told Katie Couric in an interview, “I’m addicted. An admitted addict. I just can’t put ’em down.” Find a Cause White is a lifelong animal lover. She calls her golden retriever, Pontiac, “the star of the house.” While pet ownership itself comes with proven health benefits, White has channeled her love for animals in bigger causes. She’s been a trustee and board member of the Greater Los Angeles Zoo Association for over 40 years and has done work to help protect endangered species in the wild. Funds raised fromWhite’s official fan club, Bet’s Pets, all go to support animal charities. Embrace Your Vices White told Parade she loves vodka and hot dogs “probably in that order,” which just goes to show that you don’t have to forgo your treats to live to 99.

Beloved “Golden Girls” actress Betty White is still enjoying her golden years. The famed actress celebrated her 99th birthday this January. While she told People magazine that she’s “blessed with good health, so turning 99 is no different than turning 98,” she also had a few tips for folks looking to make it to their centennial birthday. Keep Laughing “Don’t take yourself too seriously,” White says. “You can lie to others — not that I would — but you cannot lie to yourself.” White has undoubtedly provided many laughs to viewers over the years, but she’s not just playing it up for the camera. Laughter is part of what keeps her young. Be Optimistic White says a good sense of humor also helps her keep a good attitude and look for the positive rather than “dwelling on the downside.” Avoiding negativity also gives her energy. “It takes up too much energy being negative,” she told People magazine.

4 Strategies to Avoid

When you invest, chances are you do your due diligence. You ask questions and research potential investment opportunities. You discuss them with your investment or wealth manager. You make sure the investment fits in with your financial goals, such as your long-term retirement goals or legacy planning. However, “doing due diligence” is not a step everyone takes. You, too, may be guilty of jumping on the bandwagon and taking unnecessary risks with the hope of bolstering your portfolio. One recent example is GameStop. You may have heard the news about GameStop’s stock, which has been fluctuating wildly since January. That roller coaster made a small group of people a lot of money — which caused some great headlines. It also lost a lot of people money. When you hear about these kinds of stories, it’s exciting. But when you let that “excitement” or emotion take over, it leads to a common investment mistake: the fear of missing out , or FOMO. While FOMO isn’t a strategy, it can influence how you approach making investment decisions. As GameStop’s price climbed, people jumped on the bandwagon because they worried

they’d miss out on growth opportunities.

Of course, by the time you hear these types of stories, it’s generally too late. The market is already high, which relates to a

strategy that almost never works: timing the market . People try everything they can

to time the market. Why doesn’t it work? Simply put, it’s impossible to predict what will happen next, even if you research trends and look for patterns.

Along those same lines, there are investors who focus attention on stocks or companies that are performing well . The problem is that a stock may be performing well one day or week, but it’s unlikely to remain that way. Some do, sure, but those tend to be very few and far between. There simply isn’t a way to predict what will happen next and attempting to build a portfolio with this mindset will not deliver the results you are looking for. Finally, another strategy that doesn’t work is listening to the advice of talking heads on TV . It’s easy to get wrapped up in stocks being discussed on CNBC or Fox Business — two networks that put the GameStop story front and center. You hear the advice and, again, want to jump on the bandwagon. But, even if the advice has merit, by the time it hits the airwaves it’s generally too late.

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