Last week, investors were given a harsh reminder—namely, that the stock market can go up and down and that the price of admission to long-term outperformance is dealing with bouts of volatility from time to time. Over a two-day stretch on Feb. 24 and 25, the 123-year-old Dow Jones Industrial Average, the technology-heavy Nasdaq Composite,
Once thought to give a “leg up” when kids enter the real world; in today’s real world of information, complex options and decisions, understanding investing as an adult is now more of a necessity. Investing is a tool to earn money that your child can use their entire life. Since finance is typically not taught
Some of the bestselling finance books represent a sampling of old standards mixed with modern classics. Here are a few of our favorites. 1. “The Total Money Makeover” (2007) by Dave RamsayWell-known personal finance expert Dave Ramsay has again achieved bestseller status with his latest book on improving your financial life. Ramsay’s books focus primarily
At a meeting of financial advisors, I was recently asked, “do you actually think life insurance is an investment?” My inquisitor was making more of a statement than asking a question, so she was surprised by my answer: “I can tell you that life insurance was an investment for me; one that I’m benefiting from
You have heard the term, but you don’t know how it works. You may even be familiar with the strategy, but not aware of the nuances. How might this strategy benefit your clients? And which ones? Why should one use premium financing over other types of loan investment alternatives? Premium financing is a strategy whereby
The estate planning market was originally conceived to handle the distribution of assets (mainly real estate) among the descendants of deceased rich people. There were two objectives to this exercise. Firstly, estate planning helped structure the distribution of wealth among the deceased’s spouse, children and other friends and relatives. The second objective was tax planning.