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
Read MoreAnswers & Observations
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.
Are US investors THAT worried about the economy? Or is carnage from the crypto markets spilling over the stock market?
Read More
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.
Read More
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.
Read More
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.
Read More
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?
Read More
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.
Read More
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.
Read More
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
Read More
Inflation! Rising interest rates! Armies on the move in Ukraine! Growth stocks stumbling! All these factors made for a volatile start to 2022
Read More
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.
Read More
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.
Read More
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.?
Read More
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.
Read More
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 More