How many generations does it typically take to wipe out family wealth, and what can you do about it? What is the impact of emotional investing on the average investor’s returns? How would the economies of all US 50 states rank if they were countries? How should Fiduciaries evaluate target date funds? Is a CEO economic confidence index up or down? How many months after an inverted yield curve does…
The time to discuss issues related to your parent’s aging is before you need to. Some senior care professionals promote the idea of the “40-70 rule”, advising that you begin conversations with your parents about their plans and desires once you reach age 40 or they are age 70. While this may seem early since most 70-year-olds are still quite independent and may still be working, you want to…
With smartphone connectivity, taking a “real” vacation may seem impossible for some people. While you appreciate the notion that time away is rejuvenating, you may not always embrace it. Even when you do take time off, the temptation to check your phone or review your email magnifies as soon as you step away from the office. Make relaxation and enjoyment a priority. “What if I’m needed while I am gone?”…
If you have children that plan to attend college, you have opportunities to make it easier to pay for college. And, if you happen to be a small business owner, one of the most favorable treatments for business owners is your ability to increase the amount of financial aid for which your child may qualify by lowering your “expected family contribution” (EFC). The EFC is the baseline for calculating federal…
Most people are not investment experts, and don’t have the time, inclination or energy to research and design the right mix of investments for their personal portfolio. Yet, with daily hype from the media or the unsolicited advice of friends who invested in a winning stock, you may still experience FOMO with your investing. This ‘fear of missing out’ on the most recent hot returns may cause you to make…
When the stock markets have long periods of positive returns, as they have had for most of the past decade, it can be easy to forget how a bear market feels to an investor. The last quarter of 2018 provided a vivid reminder. Large market swings and precipitous drops can unnerve even the most experienced investors, despite knowing that these swings are to be expected and are part of the…
Investors’ appetite for risk, while elevated for much of 2018, evaporated as the year drew to a close and wiped out positive returns for the year across broad asset classes (T-bills being a notable exception). Concerns over tighter monetary policy and the global withdrawal of stimulus measures, unresolved trade disputes, falling oil prices, slower global growth, and softer data in some U.S. indicators overshadowed other robust aspects of the domestic…
After years of unusually low market volatility that hypnotized a large swath of investors into believing yet again that markets only rise, the market drops of the last 2 days are a healthy reminder that stock market fluctuations should be viewed as a normal part of investing. Don’t forget, as is the case with food, good nutrition isn’t always tasty, but is beneficial in the long run. Eat your Brussels sprouts! As disciplined institutional investor Warren Buffet wisely said a while back, “The stock market is a device to transfer wealth from the impatient to the patient.” So, the real question is… do you want to be in the panic (impatient) group? Or the profit (patient) group?
