Inflation in the 70s continued at a high rate for a long period of time and it resulted in stagflation. Eventually, stagflation was only curved by Volcker taking the Fed interest rates really high, which causes a severe recession
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Are US investors THAT worried about the economy? Or is carnage from the crypto markets spilling over the stock market?
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The financial crisis wreaked havoc on David Edwards’s company…and life. As he watched his firm’s assets shrink by 50%, his endocrine system flew into disarray, and he wondered whether he was cut out for this job, this industry, this world.
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Last week, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index reached 8.3% in April compared to last year. Year-over-year inflation rates have exceeded 5% for more than a year and exceeded 8% for the past three months.
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At present, the NASDAQ is in a bear market, down 22.7% from the last fall’s record level while the S&P 500 is in a correction, down 13.1% from the January record.
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Since Heron’s last webinar, it seems that things are going from bad to worse. For starters, do you see any clear indications that we’re heading into a bear market?
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In 1966, Economist Paul Samuelsson famously quipped, “The Stock Market Has Predicted Nine Of The Past Five Recessions” Updating Samuelsson's calculation through 2022, we see that the US stock market has correctly forecast 15 of the last 8 recessions.
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In my twenties forty years ago, I followed a precise checklist of the things that made a good life: Get a good education, get a good job, get married, start a family, buy a house, start a business, buy a vacation home. By age 50, I had done all those things – and was following step by the step the exact same path my father followed in his generation.
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This is the second anniversary of the first webinar I did in the middle of the pandemic. And boy, back then we didn't know anything. We didn't know how to work Zoom, we didn't know how to work remotely
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Inflation! Rising interest rates! Armies on the move in Ukraine! Growth stocks stumbling! All these factors made for a volatile start to 2022
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After waiting for the conclusion of the Beijing Winter Olympics to avoid offending Chinese President Xi Jinping, Russian President Vladimir Putin launched the invasion of neighbor Ukraine earlier this morning.
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When a jetliner flies from London Heathrow to New York JFK, the aircraft doesn’t just arrive at an altitude of 35,000 feet and drop directly onto the runway.
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We live at the apex of human civilization. We carry trillions of bits of high-quality data in our pockets at all times. Despite these advantages, our decision-making process evolved little since our days as tribal “hunter-gathers.?
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When a client retires, we split their portfolio into three buckets: Risk Assets, Fixed Income, and Near Cash. We invest the client’s assets such that the Risk Bucket represents 60-70% of their portfolio, invested in faster growing but volatile US and international equities.
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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.
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