Our Blog
April 15, 2020
1. Re-evaluate your portfolio holdings, 2. Review and reassess your goals, 3. Review and reassess your risk tolerance...
April 9, 2020
The Coronavirus Aid, Relief and Economic Stimulus Act (CARES Act) has passed congress and has been signed into law by the President. Like all legislation, the devil is in the details. As the provisions of the law go into effect in the next couple of weeks, we will learn more of the details. For now, it is helpful to highlight 6 key benefits so we can make plans accordingly.
April 5, 2020
The coronavirus is not only a serious health scare, it is also a serious financial crisis. Businesses are being forced to shut down and people are losing their income. The stock markets are reacting negatively as expected. While taking losses in our equity portfolio is never a good thing, it does present an opportunity to reduce taxes this year and into the future.
March 24, 2020
The coronavirus pandemic has a lot of dark sides. Around the world, people get ill and die, schools close, the healthcare system is overloaded, employees lose their jobs, companies face bankruptcy, stock markets collapse and countries have to spend billions on bailouts and medical aid. And for everyone, whether directly hurt or not, Covid-19 is a huge stressor shaking up our psyche, triggering our fears and uncertainties.
March 24, 2020
Stocks just had one of their worst months on record with the S&P falling 8.2% on a total return basis.
These are the worst monthly declines on the S&P going back to 1926
You can see plenty of these massive down months have occurred in and around some of the worst market crashes in history — the Great Depression, the 1973-74 bear (we need a name for this one), black Monday in 1987 and the Great Financial Crisis.
Here’s the good news about huge monthly losses from the past...
March 17, 2020
We are in the midst of scary times. There is a lot of uncertainty about the coronavirus. Our government officials are shutting down schools, churches, restaurants, bars and all other places and events where we tend to gather in groups. In fact, just before I wrote this, President Trump held a news conference advising people to avoid gathering in groups larger than 10. This is good advice that we should heed to protect our health and that of our loved ones.
July 3, 2019
Every money conversation should have a purpose. Money skills are the survival skills of the 21st century making the conversations you have about money very important. Those conversations should be helpful and meaningful, so you want to have a purpose for each conversation - especially if that conversation is with your financial advisor.