Why Millennials Are Poised to Benefit from Asset Diversification

Many millennials are not known for their long-term financial planning. But as they are getting older, saving and managing money are going to increasingly be important parts of their lives. This will be a challenging endeavor for those born between 1981 and 1996 because of several circumstances of their situation and general trends in their…

Why Millennials Are Poised to Benefit from Asset DiversificationDetails

With Hindsight Being 20/20, What If You Bought Palladium at the Beginning of 2019?

Palladium has been in the spotlight for the last couple of weeks because of its impressive rally in price. I watch the precious metals market very closely, and whenever I see dramatic price movements, I try to think of them in terms of human impact. How could this surge have affected any one person? On…

With Hindsight Being 20/20, What If You Bought Palladium at the Beginning of 2019?Details

The Monetary Black Hole and the Recession of 2020

Is it coming? Is it imminent? Is it here? How close is the world to the next recession? There is certainly evidence that could spell economic trouble ahead. Bloomberg’s GDP tracker shows global growth slowing to just 2.2% in the third quarter of this year. There are also whispers that the IMF will cut its 2019 growth forecast, already projected to be the lowest since 2009. And the Brookings Institute is sounding the alarm…

The Monetary Black Hole and the Recession of 2020Details

Diversification Brings Peace of Mind in Tumultuous Times

It’s the simple things that we all have in common. Sometimes, all anyone wants at the end of the day is a sense of inner peace. Peace of mind, however, can be a scarce commodity.   Nearly 40 percent of Americans have reported that politics have stressed them out.  If you are stressed out about political turmoil, you are not alone. A recent study published in the Public Library of…

Diversification Brings Peace of Mind in Tumultuous TimesDetails

Consumer Sentiment: A Wall Street “Sell” Signal?

For the past year, we’ve heard various predictions and prognostications from economic experts about an impending recession. Some have called for a downturn by the end of this year. Others maintain that there could be a recession—along with a contentious election—next year. And yet another group of analysts are calling for the longest uninterrupted economic…

Consumer Sentiment: A Wall Street “Sell” Signal?Details

Paper Wealth, Paper Millionaires, and the Paper Rich

We all know that the financial markets cannot continue to climb indefinitely. Stocks have routinely collapsed throughout history, and bad things have been set in motion by a variety of factors, like speculation, inflation, asset bubbles, bank failures, mass unemployment, and geopolitics.   Market crashes wipe out what’s called “paper wealth,” leaving a wake of decimated “paper millionaires” who, according to Investopedia, are individuals with “a high net worth as a result of the large total market value of the assets he or she owns.”  Many of us with robust pensions or 401(k)s may…

Paper Wealth, Paper Millionaires, and the Paper RichDetails