Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.
Whether a family works with a financial planner or wealth advisor or manages their investments directly, everyone can benefit from purpose-based asset allocation. With purpose-based asset allocation, we avoid holding our financial assets in a single account but rather invest our assets while taking multiple needs into consideration.
Read MoreIf you sell a stock less than a year from the time you bought it, your gains are subject to an income tax rate of as much as 35%. If you hold for more than a year, your earnings are reclassified as capital gains and are thereby subject to a lower tax rate — 20% for top earners.as a paltry $16 billion. A quarter-century later, the lethargic, sloth-like investor’s net worth exceeds $100 billion.
Read MoreWith investing, if you avoid significant losses, the gains will take care of themselves. An investment that gains 100% in the first year and loses 50% in the second year leaves you back where you started. An investment that gains 7% in the first year and 7% in the second year leaves you ahead by 15%.
Read MoreMany investors are looking for home run stocks — the kinds of assets that will quadruple in value in a short period of time. But just as DePodesta determined, the problem with swinging for the fences is that you strike out a lot. In both baseball and investing, home runs are very exciting, but they’re also very rare and can be very costly.
Read MorePeople are naturally drawn to stocks that tell an exciting story. Take Tesla. Helmed by CEO Elon Musk, cofounder of PayPal and SpaceX, Tesla runs on idealistic visions and lots of risk. For now, that makes Tesla a “Question Mark,” one of four categories in the Growth Share Matrix (GSM).
Read MoreOne of my client's families asked me how to get their 20-year-old daughter, Susan, started on a lifetime of investing. They asked specifically about savings bonds because conventional wisdom says that savings bonds are a “safe” investment.
Read More2020 was an absolutely mind-boggling year. As we enter in 2021, we are by no means safe and secure. I would like to tell a personal story about resilience, and what it means for people to thrive in challenging times like these.
Read MoreQuestion: I have a one year old child. Is it too early to start a portfolio for my child, and would it be better to start off with a stock or a bond?
Read MoreIn January 2016, we projected that the S&P 500 would gain 5% for the year, but we noted we would revisit that estimate in July. In July, noting that an earnings recession among US corporations was coming to an end, we elevated our forecast to 10%. For the full year, the S&P 500 rose 12.0%, so close enough. Full details of US and world Indexes are here.
Read MoreWe are entertained and informed by looking back at past commentaries to see how our forecasts turned out. What can we learn from predictions that were right (and those that were wrong)?
Read MoreAfter 11 Republican, 6 Democratic debates, caucuses and primaries in 18 states, the delegate count for Republicans and Democrats is as follows: Trump 329 (1,237 needed to win nomination), Cruz 231, Rubio 110, Kasich 25, Clinton 1058 (including 458 super delegates, 2,383 needed to win nomination), Sanders 431 (including 22 super delegates).
Read MoreLast week a New York Times reporter reported his experience from a Royal Caribbean cruise ship steaming from Bayonne, New Jersey to Cape Canaveral, Florida (full article).
Read MoreA miserable start to the New Year, with US stocks down 7.9% in January, European markets down 7.4-11.4%, and Japan down 10.9%. The biggest declines are in Shanghai down 17.7% YTD and down 43.7% from an all-time high.
Read MoreWith the United States & Europe mired in depression, newly elected US president Franklin D. Roosevelt. delivered these words in his first inaugural address:
Read MoreA night of horror in Paris, similar to attacks in Spain in 2004. London in 2005, Moscow in 2002, Mumbai in 2008, Boston in 2013, Oklahoma City in 1995, Columbine in 1999, the Munich Olympics in 1972.
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