Posts Tagged ‘General Finance’
Predictions, Money and Mattresses
I don’t usually make short-term market guesses – my crystal ball has been in the shop for almost 20 years; at this point I can’t remember if it was cracked or just fogged. I believe in the power of long-term markets, good diversification and poor performance as a result of short-term market prognosticating.
Read MoreDoes Bitcoin Have a Place in Your Investment Strategy?
In 2013 I bought my first Bitcoin. I was a financial advisor at a not-to-be named wirehouse in Clayton, Missouri and a friend tried to explain to me what blockchain was. At the time, Bitcoin was around $50 per coin. In 2013 I sold my first Bitcoin. After all, how high could this…
Read MoreThe Consolidated Appropriations Act of 2021…In Under 5500 Pages!
Does the excitement of the new Consolidated Appropriations Act of 2021 keep you awake at night? If so, you can find all 5,593 pages here on Congress’s website and I’m confident your insomnia will be cured by page 3. Like most of you, I skipped most of the tiny print of the bill in favor…
Read More5 SECURE Act Changes…and How You May be Affected
In December of 2019, under the cover of darkness and impeachment hearings, some of the most significant tax legislation of the past 20 years passed in unusual bipartisan fashion: the Setting Every Community Up for Retirement Enhancement Act, or SECURE act. The name- which undoubtedly took weeks of debate to come up with and agree upon, speaks to the purpose, though not the entirety or sweeping nature of the act; a rare legislative accomplishment for an otherwise gridlocked Washington. While the act addresses a number of retirement chads left hanging after the Tax Cut and Jobs Act (TCJA) of 2017, it also makes changes to 529 plans, medical expense deductions, kiddie taxes and more. The focus of the plan is clear, however, in its attempt to modernize and streamline retirement savings for Americans.
Read MoreZoom Out
“Why should I invest money in the market when it’s near all-time highs?” – Investors, c. 2015, 2005, 1997, etc
Read MoreRead This Before Investing: The Investment Policy Statement
Enter the Investment Policy Statement or IPS. The IPS is not a contract and makes no guarantees. Rather, it articulate the types of investments (ingredients) and range of outcomes an investor should expect given their risk tolerance.
Read MoreTop 5 Reasons You Need a Financial Advisor
I’m often asked if it’s really necessary to work with a financial advisor – yes, there are people who ask financial advisors if it’s necessary to work with financial advisors!
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