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king's crown

Quote Of The Week: You’ve Accumulated A King’s Ransom, But Can You Keep It?

“If you think accumulating a king’s ransom is difficult, try holding onto one.” Steffi Claiden,”Preserving the Family Fortune,” RealAssets Adviser, March 2017 The Takeaway: Holding onto money across generations can be an enormous struggle, says Claiden. 70 percent of the wealthy lose their money by the second generation, and 90% go bust by the 3rd generation. […]

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Quote Of The Week: More Seniors Fall Victim To Financial Abuse

“A new survey of caregivers by Allianz Life finds that 37% of seniors have suffered financial abuse. Such abuse can take the form of telemarketing scams, pressure to sign a will, or an empty promise to provide care in exchange for property. Victims of elder financial abuse lose an average of about $36,000, often to […]

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millennial job hunters 3

Quote Of The Week: Millennials Face A Perfect Economic Storm

“Millennials face a kind of perfect economic storm. The Great Recession took a big bite out of their wages, and its ripple effects will continue to dampen their earnings potential for years to come. Wealth accumulation for Gen Y took an even bigger hit, especially for those burdened by high student debt. These young people […]

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bear with baby

Quote Of The Week: Don’t Worry About The Bear

“No one can consistently forecast the future of the economy or the course of the markets with accuracy, but the weight of the evidence is on the side of the bull market continuing. The smart strategy, then, is to stay in stocks and stay diversified.” James K. Glassman, contributing columnist and visiting fellow at the […]

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calculations complex

Quote Of The Week: Are Stock Valuations Too High?

“Stocks are at above-average valuations, but understand that they can stay that way for many, many years. Valuation is never a simple snapshot of a few key metrics. Rather, it is a much more dynamic and complex question involving vectors that are constantly subject to change. … Merely looking at the price-to-earnings ratio alone for […]

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The Changing Prairie

Quote Of The Week: Johnny Can’t Understand Money. And Why That’s a HUGE Problem.

We hear it all the time. Young Americans struggle with basic concepts like budgeting, saving, interest, and debt. So how are they ever going to navigate the world of personal finance and save for retirement? The National Endowment for Financial Education (NEFE) – an organization that supports financial education efforts across the U.S. – explains why understanding personal […]

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Quote Of The Week: An Asset Allocation That Takes The Cake

“I tell clients that setting an asset allocation is the second-most-important decision they will have to make. The most important decision is committing to stick to it. … Research reveals that investors think they can take more risk when stocks are at an all-time high only to turn to cash after a plunge.“ Allan S. […]

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Quote Of The Week: Young People, Minorities Left Behind In Housing Rebound

“As prices rise, homes are slipping further out of reach for younger and minority buyers.” Laura Kusisto, The Wall Street Journal, December 15, 2016, “U.S. Home Prices Soar, But Minorities and Young People Miss Out” The Takeaway: Home prices are up, and that’s good news for most people. But younger people and minorities are increasingly […]

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What Your Grandma Can Teach Millennials About Investing

When it comes to investing, your Grandma can teach millennials a thing or two. Most grandmas get it. They understand stocks and other growth investments in their portfolio help them keep up with inflation. It’s the millennials who need to learn to walk on the wild side. What’s the problem? When you’re a young investor, time is […]

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Quote Of The Week: “How Some Advisors Were Tested And Failed”

How good is the retirement and investment advice you are getting from your advisor, especially when it comes to the “complex and all-important decisions of how to invest retirement savings?” One MIT professor put it to the test, and here’s what she found: “A majority of these (financial experts who advise people on their retirement […]

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