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.
There 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 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 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 MoreJoin David Edwards, President of Heron Wealth, as he discusses what we know about the Coronavirus, what we know about how economies will be affected, and how the US stocks reacted previous crises.
Read MoreBecause of the fears surrounding the Coronavirus outbreak, there will be short term economic disruption, but not enough to change our investment strategy.
Read MoreAfter 6 months of steady gains that took the NASDAQ and S&P 500 to new record highs in late April , we’ve had two and half weeks of sharp declines. Peak to yesterday’s trough was 5% in the S&P 500 and 7% in the NASDAQ. Stocks are recovering somewhat today. YTD the S&P 500 is up 14.5% and the NASDAQ is up 17.3%. Several clients have called or emailed to learn if there is reason for concern.
Read MoreUS stocks approached the March 16th levels that marked the YTD low, and also the start of year values. Given that stocks peaked 6 weeks earlier with a YTD rise of 9.0%, our clients have called wondering if this slide marked the start of another financial meltdown.
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