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.
Jill Nicolini of the Podcast Business Network interviews David about key learnings from his book. The interviews air live Tuesday mornings on the Podcast Business Network from 11-11:30 AM EST through December 14th (click LISTEN LIVE) and can also be heard on replay.
Read MoreChances are, if you’ve reached a point in your career where your employer has granted you Incentive Stock Options (ISOs) or Restricted Stock Units (RSUs), you’re doing great. Both ISOs and RSUs are reserved for highly valued members of a company, people that organizations really want to retain for a long time. So, first things first, nice work!
Read MoreTo coin a phrase made famous by Britain's Queen Elizabeth II,
2020 has been our "annus horribilis."
David Edwards sat down with Buff Parham to answer questions from our clients:
Pandemic: how do you see the population getting vaccinated over time and how do you see the economy rebounding as a result?
None of us will forget 2020 anytime soon..truly a tumultuous year. In your opinion, what is the single most important takeaway that we should contemplate going forward?
What do you see happening with inflation, economic growth, and bond yields next year?
And more! View our webinar replay now to learn what we at Heron Wealth thought of the year 2020 in review and what we expect for 20201.
Read MoreIt is important to understand how we feel about risk and how it impacts our finances and investments.
Risk, if properly managed, can actually work to our advantage.
Read MoreWe expect stocks to be volatile over the next 12 months as vaccine news develops — optimism over vaccine announcement buoys it, and pessimism about vaccine efficacy drags it. That will be uncomfortable, but in general, we expect stocks to be higher a year from now. By then, we’ll likely have taken tangible steps to recover from the pandemic, the economy will start to recover slowly, and earnings will rise as a result.
We’re starting to scale cash reserves back into stocks, and we’ll continue to do this through December and January. The only caveat is that if a client needs money for a house reconstruction or a big purchase of some kind, we’re keeping that in cash, not putting it in stocks.
But good news for the stock market is not good news for average Americans. There are still 10 million fewer Americans working today than in January of this year. The U.S. response to the pandemic is the still worst in the world. Daily mortality is up 75% over the last month to 2,000/day, and it will continue to soar through Thanksgiving, into Christmas, because the infection rate is triple what it was back in June.
Read MoreWhat’s the number one mistake investors make when markets decline?
Panic selling.
It’s an emotional reaction to the sting of a correction.
And it usually trades one problem for another—it replaces fear with seller’s remorse.
You can avoid all of that if you know the facts about market corrections.
Read MoreDavid Edwards of Heron Wealth spoke for 25 minutes on:
Progression of the Coronavirus Pandemic
Friday's Labor Department Employment Report
The continued baffling rise in the major stock market indexes
Last 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 MoreWow! It's not often that a single announcement can knock a year's return off the stock market in one day, but Trump's address last night accomplished just that. Trump stated that all air travel from Europe (except the UK) would be suspended, along with trade in goods, for 30 days starting Friday night.
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 More2018 was a terrible year to be an investor. In 2018, US stocks fell 4.39%, international stocks fell 13.60%, bonds finished the year with gains of 0.01%, virtually unchanged.
NOTHING worked in 2018.
2019 was a fabulous year to be an investor.
Read MoreA long time client writes, “No capital gifts this year. Seeing a Dow that is falling like a stone, day after day, does not inspire me. It is acting like 2008 and the economy could not be more polar opposite from 2008.”
Exactly! Yet, US and international stock market performance is the worst since 11 years ago during the 2008-9 financial crisis.
Read MoreTiming the market is not a smart strategy for the average investor. Read on to find out why and also learn about three alternative approaches to investing which will hopefully prevent you from pulling your money out of the market in a panic - which is never a good idea.
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.
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