Some financial changes are expected and even planned for, like getting married or sending kids to college. But numerous outside forces can also unexpectedly impact a person’s financial situation. That’s why periodically rebalancing your portfolio is often recommended...
What Is Portfolio Diversification?
Portfolio diversification is a personal financial strategy based on the idea that diverse holdings help bring balance and stability to a portfolio. Think of a diversified portfolio like a store that sells both sunglasses and umbrellas. On sunny days, it sells...
What Is Asset Allocation? How It Works & Who Needs It
Asset allocation is an essential component of portfolio diversification that helps mitigate risk and protect wealth. But what all does asset allocation involve? Is it something an individual can manage on their own, or is a financial planner needed? If you already...
What Is Wealth Management, and Do You Need It?
You’ve worked hard to build your net worth. Wealth management helps you get the most out of your efforts. What is wealth management? While wealth protection is meant to safeguard assets, wealth management is defined as the process of reviewing and making decisions...
What Is Wealth Protection? The 6 Best Wealth Protection Strategies Explained
“Inflation” is a word that makes many people uneasy. Yet it’s a normal aspect of the economy that affects our purchasing power—and the impact of inflation can be felt beyond the monthly grocery bill or at the gas pump. Inflation can also have an effect on a person’s...
There May Be a Liquidity Crisis on the Horizon
One of the topics I’ve tried to bring to our clients’ attention is the state of liquidity in our monetary system. Simply put, financial institutions like to use U.S. Treasurys as collateral when loaning money to one another, and when the availability of certain...
U.S. Cities Where Retirees Have Been in Their Homes the Longest
While the hot real estate market of the last few years has cooled, many would-be younger homebuyers continue to struggle to purchase homes in the face of limited housing supply. The current shortage of housing stock in the U.S. has many causes. In the wake of the...
There’s a Recession Indicator You May Not Know About—And It’s Currently Flashing.
Right now, economic headlines are providing some mixed messages. On May 5, 2023, for example, The New York Times reported, “U.S. employers added 253,000 jobs despite economic worries,” and on May 8, 2023, CNBC reported, “Recession fears [have] eased.” But at the same...
If Markets Rally, Financial News Headlines Will Celebrate. But We May Not be Out of the Woods Yet.
Scanning the latest financial headlines, you may feel that the current financial environment may not seem quite as dire as it did a few weeks ago. There’s still talk of economic slowdown in the fallout of the recent banking issues and closures, but that comes...
Banks, Bonds, and Financial Markets: What it All Means for Your Portfolio
The recent failure of Silicon Valley Bank (SVB) is often blamed on poor management and risk practices. And while that is accurate, and may also be a factor in why other banks like Signature, First Republic, and Credit Suisse have similarly failed or are facing...