When it comes to investing, the how depends on the why. Many people ask questions like “Is now a good time to invest?” or, in some form, “What is the best investment?” There is a saying that goes something like, “The best time to invest was 20 years ago. The second-best time is now.” As […]
The global pandemic we’re facing has brought with it a struggling economy and job loss. Your financial situation may not be the same as it was six months ago. Although it might seem like the world is standing still, you and your financial situation do not have to be stagnant. Showing resilience in the face […]
As college costs continue to rise, knowing how and where to save is a decision many families struggle to make. It is never too early or too late to start saving and knowing which education savings options are available can have a significant impact. Should we buy a beach house in Florida and retire early […]
Recently, Fidelity released results from its annual Millionaire Outlook Study. The 2019 Fidelity Millionaire Outlook Study surveyed over 2,000 investors, including 1,102 millionaires.1 Respondents were screened for a minimum level of investable assets, age, and income levels. Studies like this can provide us with a good idea of the actions, habits, and approach of those […]
We are long past the days where the most common method of funding your retirement is through a pension plan. Many employers have now shifted to offering 401(k) plans. While millions of workers depend on 401(k)s to fund their retirement, few understand how they work. The following will provide you an overview of 401(k) plan […]
Automation is everywhere, and in recent years, we’ve seen it become a significant part of our everyday lives. For example, gone are the days when you had to fill an ice cube tray to make ice; any new refrigerator comes with an ice maker. And with finances, credit card balances, utility bills, and student loans […]
Nassim Taleb is an essayist, statistician, and former trader/risk analyst. He is one of my favorite authors, and if you ever want to be humbled in your intellect, reading his work may do it for you as it has for me. In his book, Antifragile, Taleb advocates for a system wherein “things benefit and grow […]
One of the analogies I’ve proffered for years in client meetings is the idea of a ship’s ‘pilot’ or ‘captain’ and his navigation of a ship’s journey. In the last month, I’ve found myself referring to it in almost every interaction. I like it as I think it provides the best visual I know. If […]