It’s hard to stay calm when headlines like “Russia invades Ukraine!” appear everywhere you look. And matters are made worse when you’re reminded that the reckless aggressor in the conflict is a nuclear power which is just a short series of missteps away from leading to World War 3. Honestly, if global nuclear war is […]
You’ve no doubt heard inspiring stories about people who ran huge companies and amassed great wealth during their working years but are remembered today for how much of it they gave away. From Andrew Carnegie to Bill Gates, it has been a common theme. Maybe you’re not in a position to have a concert hall […]
What is a fiduciary? If you have ever considered using a financial adviser, chances are you may have heard this term and wondered exactly what it means and why it’s important when choosing an investment adviser. Watch our short video to find out more about fiduciary obligations. A fiduciary is defined as a person or […]
The package that Congress passed on December 21, 2020 – seems like only 50 years ago – is not technically a federal stimulus bill. It is an appropriations omnibus to fund the government for the coming year and, tucked between allocating money for public housing and making it a federal crime to give racehorses steroids […]
What happens when there is a weak dollar? It means our trading partners can buy more of our products, so it’ll improve our balance of trade. Sure, it leads to some measure of inflation because imports will be more expensive, but that will encourage us to buy more American products. What’s so bad about that? […]
We’ve discussed how much debt is floating around out there. America’s bar tab was around $54 trillion; half of that was money owed by the federal government, and a quarter of it was credit cards, auto loans, mortgages, and other instances of consumer debt. While a smidge of the rest of it consisted of the […]
The current U.S. debt is piling up. That’s for sure. If the headlines are to be believed, we’re all going broke except for the bill collectors and bankruptcy lawyers. We do indeed live in a more indebted world than we ever have before; if you add up the different lines in the chart below, you’ll […]
Technology is changing. And, while many of us still own shoes older than our first Web browser, the act of reading text on a computer is outmoded as a platform for communication, according to many (i.e., our kids). And if you still own a landline phone and a cable TV box, well bless your heart. […]
We have a lot to be grateful for. I’m sitting here writing a financial newsletter, and you’re sitting there reading it. That means we both, thank goodness, have enough money to be concerned about investing it. We’re not living paycheck-to-paycheck, as so many others are. We’re probably not even living in fear of a sudden […]
It wasn’t quite the Kennedy assassination, “9/11”, or the O.J. verdict, events where time seemed to stand still for a few moments. But don’t tell that to the Wall Street traders and advisers who lived through “Black Monday,” the bloodiest day in stock market history, October 19, 1987. On that day, the Dow Jones Industrial […]
