Five Ways to Harness Your Financial Firepower in the Year of the Dragon

Kiplinger, February 10, 2024 — “As the Year of the Dragon kicks off, consider looking to the dragon’s strong passionate and creative attributes to help guide your financial year,” writes Marguerita Cheng, CFP® Pro, explaining:

The Chinese people celebrate their new year on unique dates. 2024 is the Year of the Dragon, and the animal holds a special place in Chinese culture. The wood dragon is the fifth animal in the 12 Chinese zodiac signs, and the rabbit is its precedent. The dragon is also mythically associated with high birth rates, unlike the other 11 animals.

The dragon is known for leadership qualities such as power, charisma, authority, passion and creativity. Did you know that these traits hold profound implications for your personal finance journey in 2024? Historically, stocks have averaged a real return of 7.7% during the dragon years, according to The Economist and Business Insider. The years 1941, 1952, 1965 and 1989 were very strong for the stock market, according to Forbes.

Dragons are full of vitality and energy and are visionary and goal-oriented. They have a high sense of identity among all the animals in Chinese astrology. The dragon presents itself with tons of confidence, idealism and benevolence.

Each new year is also associated with one of five elements — earth, wood, fire, metal and water. This year is the Year of the Wood Dragon, which offers abundance and longevity. Many people will buy homes, start families and have children.

People born in the Year of the Dragon are idealistic and independent thinkers who always want their community to benefit. They are selfless and yearn for support and love. Dragons are powerful animals, and you can use their traits to meet your financial goals.

Here are five ways you can use the dragon’s traits to achieve financial stability in 2024.

Marguerita In The News

US News: "Women and Investing: Statistics Show Progress, Not Parity"

Aug. 19, 2024 — "Women's Equality Day is Aug. 26. Here's what top studies have to say about gender equity in investing," writes Marguerita Cheng, CFP® Pro in today's issue of US News & World Report. "According to a 2021 survey by Fidelity Investments, 67% of women were investing outside of their retirement accounts, which is up from 44% in 2018. The participation rate of women in the financial markets has been on a steady increase in recent years. Increased interest in women's investing trends has resulted in many surveys by different organizations."

Books

May 2023: In honor of Asian American and Pacific Islander Heritage Month (AANHPI), I am thrilled to be part of this book featuring the stories of 20 Asian women. It's the third installment of the Women Who BossUp series, which profiles women who have broken the mold to achieve, overcome difficulties or inspire change through relentless endeavor. Check it out!

TV Appearances

VettaFi, February 6, 2024 — As February 11 continues to inch closer, and closer advisors and financial service providers may be wondering what type of individuals in the industry will be attending the highly anticipated Exchange Conference. To help provide some more insight into this, VettaFi’s CMO, Jon Fee, recently sat down with Marguerita Cheng, the CEO, and Founder of Blue Ocean Global Wealth to discuss why she is on the “Road to Exchange.”

Webinars

Advisor Perspectives — Marguerita Cheng, CFP® Pro will be teaching a continuing education-eligible ethics training is now available free of charge to Advisor Perspectives Premium members on Monday, Oct. 17, 1 pm Eastern. Click here to sign up!