What's Different This Year?
Last week, Thanksgiving reminded me there are many things to be thankful for. Most importantly – friends, family, food, and shelter. Us Americans should also be grateful for a strong job market, a healthy economy, and tariff-free turkeys. As we near the longest expansion in U.S. history, just behind
Conversations with Living Rooms: as Preschoolers Interface with Their Voice-Bots
“Alexa, what’s the Spanish word for horse?” my son asked his living room as he scrambled eggs in the kitchen, hoping to expand the vocabulary of his 3-year-old daughter, Cali, at the same time.
Building Castles in the Sky
One of the most fundamental aspects of economics and money is the relationship between supply and demand and its effect on prices. When the stock market reaches certain valuations, sometimes there just aren't enough buyers (i.e. demand) at those new, higher prices. This means, the market can go down
Dow down 1,300 - what's your move?
Have you been watching the markets the past few days? Harrowing!
If you’re like many people you may be currently recovering from the damage the headlines did to your heart.
And that’s understandable. News stations screaming that…
Drilling into the Details of Proposition 112 - An Unbiased View
First of all, don’t frack into this topic online. Special interest groups have littered the internet with their “facts” about the bill. You may find a lot of what you read only argues one side of the bill. This is an important bill and this piece is intended to provide you with an unbiased overview of the relevant
It's a College Planning Buffet!
Fall is in the air…seriously, it is. Somewhere out there is the weather we’re all looking forward to. You know what I’m talking about – fall weather! As in, the type of weather that isn’t 90+ degrees every day.
Do You Need to Re-Evaluate Your Advisor Relationship Now That the Fiduciary Rule Is Dead?
The Department of Labor (DOL) fiduciary rule, also known as the conflict of interest rule, was vacated on June 21, 2018, effectively killing it. Michael Kitces called this, “A dark day for consumers and real financial
On FIRE for Early Retirement!
Have you heard about the FIRE movement? It’s been gaining steam in the backwaters of the world of internet finance blogs for years but received a major mainstream boost from this New
What Role Do Behavioral Biases Play with Real Estate Investments?
Many pride themselves in their extraordinary abilities to spot and exploit real estate investing opportunities. Can they actually build returns sufficient to justify the inherent risk or is this flawed thinking?
Longest Bull Market Ever
We are officially in the midst of the longest bull market ever for the S&P 500 (by one measure). Before you start running for the exit, remember, bull markets don't die of old age, they die of excesses.
Even Though Thanksgiving Is over Three Months Away - Turkey Is in Trouble
For those of you not familiar with the escalating tensions in Turkey, this short article is for you. Turkey is a prime example of what happens when emerging economies overextend their balance sheets, and
Fun with Charts and Data!
There is a really entertaining person to follow on Twitter that goes by the name of Plan Maestro (@PlanMaestro) and he/she publishes a tweet storm every weekend called chartstravaganza.
Picking up Quarters in Front of a Steamroller
Do you have an advisor that talked you into buying business development companies (known as BDCs), leveraged loans, or senior loans? It’s a good time to ask yourself if they understood what you would be risking when they made the recommendation?
The Next Financial Crisis?
$1.52 Trillion - the total amount of student loan debt outstanding
45 million - total number of student loan borrowers in the system
$27,975 - average student loan balance for ages 20 - 30
Is the Phillip's Curve Dead?
Is the Phillip's curve dead? Historically, we have seen inflation ramp up at these unemployment levels - but not this cycle. Why doesn't inflation pick up? Well, as the labor market tightens, employees are put in a better position to negotiate wages, their higher wages allow them to purchase more goods, rampant demand for more goods then enables employers to raise prices without a significant impact to their sales volumes. And the cycle continues....
Owning Your Retirement
Given that backdrop, let's get to the meat of Ben Carlson's article - how hard is it to save a million dollars in your 401(k)? Again, the answer to this question is dependent on a lot of different factors.
On Our Mind
As we wrap up a week filled with numerous headlines and little market movement, here are some things on our mind.
Halftime Market Report
It's July 16th and we're back after taking last Monday off for some recovery time post-Independence Day week. I think it's time for a good, old-fashioned halftime report on what's going on in the markets and economy as we move into the second half of 2018.
Nothing Lasts Forever
Last week I wrote about financial independence over the conventional thought of retirement, and I detailed a series of uncomfortable truths about wealth and money in the United States from Nick Maggiulli from Of Dollars and Data.
Retirement or Financial Independence
One of the most common phrases I hear when chatting with people about my firm and what I do for a living is some variation of the following...
Subscribe
Subscribe and receive our most current insights.