“While it might feel safer going to cash when markets are volatile, cash positions don’t work like they used to. If you went to cash during the 1987 stock-market crash, you were still making 4.75% to 5.5% interest. If you had gone to cash in the dot-com crash you were making around the same—3.5% to […]
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Quote Of The Week: Amazing Advances In Life Expectancies
“Four million years of evolution extended average life expectancies by 11 years. But over the last 120 years alone, we’ve extended life expectancies on this planet by an additional 40 to 42 years. We sometimes forget that 50% or more of all economic growth in the world can be attributed to public health and medical […]
Quote Of The Week: Cash May Be King, But It Isn’t Earning Anything
“Over the past two months, households have understandably wanted to boost their cash holdings to wait out the unprecedented volatility of the first quarter and the fear of lost wages.” “But while holding cash can be reassuring for households needing to meet short-term obligations, it can be detrimental to investment portfolios when it isn’t earning anything. And with […]
Quote: Women Need To Look Squarely At What The Financial Future Holds
“Women themselves must take responsibility for looking squarely at what may be in store for their later years. We have worked with women who assumed, but did not verify, that they would be OK in retirement, only to find that an insurance policy was canceled, a beneficiary designation was changed, or there was more debt […]
Quote Of The Week: The Fastest Bear Market Ever
“Historically, it takes an average of eight months to enter a bear market. This time it took less than one month—the fastest ever.” Jeffrey Kleintop, CFA,Chief Global Investment Strategist – Charles Schwab & Co, Inc., “Who fueled the fastest bear market ever?,” March 16, 2020
Quote Of The Week: Don’t Give Up On Financial Literacy
“The U.S. ranks 14th in the world when it comes to financial literacy, with just 57% of adults being able to pass a basic financial literacy test.” “What financial advisers must remember is that the vast majority of people need help with the absolute basics of personal finance — bill paying, budgeting, saving, setting aside […]
Quote Of The Week: What Are Low Rates Good For?
“Low rates might be good for borrowers, but they play havoc with an investor’s portfolio. To achieve the returns they need, investors around the world are being forced to take on more risk simply to achieve yields that risk-free Treasuries and other fixed-income instruments used to offer.” Mark Saukkola, CEO at KBS Capital Markets Group, “Investing […]
Quote Of The Week: Charities Struggle Under New Tax Rules
“‘Charitable giving by individuals is at its lowest level since the financial crisis, and financial advisers point to changes in the tax law as the reason.” Greg Iacurci, “Uncharitable Giving,” Investment News, November 9, 2019 Financial Tip: It’s true that the tax changes have made it a little harder for some people to help their […]
Quote Of The Week: When Helping The Kids Digs You Into A Hole
Are you worried about carrying too much debt as you near retirement? That’s a common concern of many Americans. Beware of digging yourself into a hole with credit card debt, especially when that debt results from helping adult children enjoy a lifestyle they (and you!) really can’t afford. Here’s what credit experts say: “Older consumers […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
