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 MoreThere is great value in not putting too much money on any single idea, trade, or investment. A risk management advisor taught me this at the very beginning of my career. Dividing capital into a minimum of 10, maybe 20, even 40 positions is the better route to take.
Read MoreDavid Edwards, President and Wealth Advisor and Buff Parham of Parham Associates presented a webinar Sunday, December 19th at 6PM EST.
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 MoreUS stocks fell 3.6% in January, gained 6.0% in February, fell 1.9% in March for a net gain of 0.3% on the year. The dollar gained 9% YTD relative to the Euro, on top of last year's 13% rise, but stabilized in recent days. Crude oil bottomed around $46 in February, traded in a range of $45-55/barrel in recent weeks.
Read MoreUS stocks as defined by the S&P 500 made 31 record highs in 2014, most recently on July 24th. Through Friday afternoon, stocks declined 3.3%, which is to say less than the decline of 4.2% we saw in April of this year, and decline of 5.6% in January.
Read MoreAt about 2:45 PM EST, two explosions detonated within yards of the finish line of the Boston Marathon. The news is not official, but from the nature of the explosions and the coincidence of the proximity to the Marathon, it would seem probable that these were bombs.
Read MoreOn April 6th, just after US stocks touched a high for the year and climbed to within 10% of the all-time high set back in October 2007, we wrote: "The market will do one of three things over the rest of the year:
Read MoreFor months the financial media told investors to prepare for a 2008-9 financial meltdown and a return to recession conditions. We call this, "fighting the last war." The failure of Lehman Brothers in 2008 was a total surprise even to employees of the firm.
Read MoreAll year long, a distinguished parade of experts soberly explained to investors why stocks were too risky
Read MoreOn Tuesday, January 19th, US stocks reached the highest level since September 30th, 2008, a sixteen month high. For the rest of the week, stocks declined 5.1%, reminding investors of the dark winter of 2008-9, when stocks seemed prepared to drop to zero
Read MoreThe S&P 500 gained 0.2% in May and is now up 3.2% on the year. Stocks gained 15.9% in Q2, the best quarterly result since 1998. From the low on March 9th through quarter end, stocks generated gains of 36.9%, one of the steepest rallies of the last 80 years.
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