Since their introduction nearly 30 years ago, 529 plans have been the go-to savings vehicle for ever-increasing college education costs. New changes to the FAFSA will change the way families plan around generational gifts for...
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All Thoughts
Let’s climb into the Way-Back machine. First stop – September 1974. What were the then news headlines? There were many, but probably the most impactful one was the resignation of Richard Nixon as part of the Watergate scandal...
As we endure another downside move in the current bear market in stocks, there are some technical analysis terms that come to mind: Bottoming and Bear Market Traps. Before explaining those terms, it is helpful to understand the...
It is both easy and convenient to ignore the harsh truth of mortality. While we try to focus on the good things in life and living in the present, acknowledging the inevitable throws a silencing wrench into our plans. It cuts...
Through June 28th, the S&P 500 Index has tallied a -20% return over 68 negative trading days this year1. With each additional negative day in the markets, investor confidence continues to erode. As the emotional toll...
How many billionaires are there today in the United States? While there is no definitive count, most estimates put the number at no more than 1,000. Whatever the precise number, given the power of compounding, there should be...
Charlie Ellis, called Wall Street’s wisest man by personal finance columnist Jason Zweig of the Wall Street Journal, is a renowned investment consultant I have quoted many times. The thrust of his advice (indeed, he wrote the...
A booming economy. Animal spirits in the financial markets pushing speculative stocks up to unheard of valuations. Rising inflation pressures pushing bond yields upward. An overseas war dominating the news cycle… Sound familiar?...
Everybody knows – 1. Inflation is back. 2. The Fed is going to continue raising interest rates until inflation breaks. 3. Rising energy prices, food prices and interest rates are an economic depressant, but the Fed’s got this....