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 MoreDavid Edwards hosts his monthly webinar addressing the current financial climate.
Read MoreLast week, US stocks staged the best rally in 45 years, regaining half of the losses of the previous month There were a couple of indications that the rate of infection is slowing in the US. Are we good? Is this thing almost over?
David Edwards of Heron Wealth spoke on financial planning and investment consequences of the coronavirus pandemic.
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 MoreThis year, we brought on board quite a number of new families, but we've only invested 1/3 to 1/2 of their cash. Why? Because this sharp sell-off, 6% in the major stock market averages over the past 6 days, is exactly what we anticipate when stocks have had a good, long run and valuations are stretched to the high side.
Read MoreUS stocks gained 8.9% in September (best September result in 71 years) and 11.3% for the quarter (5th best quarter of the last 10 years.) As stocks rise, our clients are actually becoming more fearful. "How," they ask, "are stocks still rising when the economic news is so bad!
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