As a young corporate tax lawyer, I never gave a moment’s thought to portfolios — mine or anyone else’s. October 1987, found me with my head buried in the Tax Code, vaguely aware of market turbulence, blissfully unaware of the consequences.
Read More
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 More
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
When you hear the word “convert,” you probably think of something other than retirement accounts. Converting that extra room to a recording studio, maybe, or converting an itinerant blog post reader to a client
Read More
Randy Kaufman, wealth advisor, recently co-hosted a Webinar with Attorney Shannon McNulty on “Tax Tips for Charitable Giving.”
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
Giving away money is easy. But giving well is hard. Giving in a way that has a real, positive impact — even harder. As Dale Carnegie famously said, “It is more difficult to give money away intelligently than to earn it in the first place.”
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