There are many similarities between sailing and investing. A lot has to do with preparation: it is much easier to manage unforeseen events by planning in advance. This will allow you to stay the course instead of reacting to the markets.
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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.
Read David Edwards’ investment review in which he discusses the underlying causes of the recent volatility in the stock market. He also explains how Heron Wealth handles the volatility on behalf of its clients.
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As the Dow Jones and S%P 500 are down from their January high, David Edwards discusses the recent volatility of the stock market and whether its pullback indicates economic stress, or simply a long overdue correction.
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Our President David Edwards reviews the year 2017. He discusses the new tax regime and how it affects investors. He also discusses the latest developments in bitcoin.
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Heron Wealth President David Edwards was recently quoted in a CNBC article on credit monitoring services. The article contained this helpful infograph that we wanted to share with you.
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Question: I am 54-years-old and plan on retiring at the age of 56 from a Federal Government position. I currently have approximately 25% of my total assets in aggressive non-IRA mutual funds. Since I have over half of my total assets in higher risk investments and stocks are at an all-time high currently, should I re-balance my accounts?
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Question: I am less than three years away from retirement and have 80% of my stock portfolio in a particular stock which has grown about 30% in the last two years. My mortgage is at 4.4% and my 401(k) is about 1/3 of my total assets (the other 2/3 being stock). I am single with a salary between $100,000 and $150,000. I was thinking of paying off my mortgage by selling about a quarter of that particular stock which would include the capital gains and fees. Is it wise to sell stock at this time to payoff the mortgage?
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Question: I have just heard that people should forget about retiring until they are 70 years old. Does this only apply to a certain target audience? I am thinking about retiring when I am 60 years old (9 years from now). I have about $2,300,000 in investments split equally between a 401(K) and other investments. My wife and I have always lived well under our means.
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US stocks celebrated the 30th anniversary of the 1987 stock market crash by making yet another all time high. US stocks as represented by the S&P 500 are up 16.9% YTD, double our forecast at the start of the year. The S&P 500 made 51 new records so far this year - 25% of trading days.
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Our bulletin over the weekend recommending that you freeze your credit reports after the Equifax breach prompted quite a response from media and clients. Daisy Maxey at the Wall Street Journal interviewed us about the ways in which consumers can deal with the fallout from the Equifax data hack.
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The Equifax Credit Bureau announced last week that cyber criminals obtained personal details (name, social security, address, birthdates and credit card information) of approximately 143 million US consumers during the period of mid May through July 2017. This is neither the first nor last such hack we will see in our modern ultra-connected age.
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In our December 2016 year end review we wrote, "No forecast now, no forecast until April. We can't recall another time in the last 30 years that we were so uncertain about what to expect from the US government, and how that would affect the key drivers of stock market returns - revenues, earnings and interest rates.
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After 107 days of the Trump Presidency, we believe that this administration is determined to be the wildest reality TV show of all time. People say, "War is God's way of teaching us geography." Perhaps Donald Trump is God's way of teaching us about the Federal Government?
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In January 2016, we projected that the S&P 500 would gain 5% for the year, but we noted we would revisit that estimate in July. In July, noting that an earnings recession among US corporations was coming to an end, we elevated our forecast to 10%. For the full year, the S&P 500 rose 12.0%, so close enough. Full details of US and world Indexes are here.
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In April 2014, we wrote:With 0.0% of precincts reporting, CNN declares Hillary Clinton CNN the next president of the United States. Really? We haven't even gotten through the 2014 mid-term elections yet, yet campaigns (and the media circus that lives for campaigns) are already gearing up for 2016.
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