investing

Should You Worry About a Recession?

So why should you care whether the US economy is in a recession? By many estimates, growth in the second quarter is likely to come in at an even more disappointing rate. With unemployment spiking and various leading indicators still in decline, there’s little doubt that a recession has arrived. An important question today is how deep this recession will be and how long it will last.     Now, beyond being an intriguing subject for economists and pundits in the…


Keep Your Money Growing with Two Simple Steps

Growing financial wealth in today’s environment has been a struggle. Whether it’s the wide swings in asset prices that make it hard to decide whether to stay in or get out the markets to the dour economic conditions that have negatively affected business earnings. Finding the right strategy to grow your wealth in a world locked down truly has been a challenge. So, what can households and investors do to make the right decisions to grow wealth given today’s challenges?…


The First Step to Thriving Financially: Creating Wealth Today

What can individuals do during this downturn to thrive financially and build, or in many cases, rebuild wealth that has been lost in the past few weeks? By many measures, U.S. economic activity continues to grind to a halt on account of the COVID-19 containment efforts. This is evidenced in various data releases published this week. And it’s also a key reason why some Governors are eager to reopen their state economies. But the reality is that returning to normal…


Are Markets Getting the COVID-19 Recovery Wrong?

Various earnings reports, data releases and the IMF’s World Economic Outlook have served investors notice not to get ahead of themselves.  Truly, global risk assets have moved lower this week in response to historically disappointing corporate earnings and economic reports.  It’s certain that the stay-at-home orders in 42 states have essentially shut down the national economy.   And so, markets shouldn’t be surprised by the weak data, right?  In other words, this week’s bad news should have been taken in…


When will they shut the markets?

Global risk assets continued to move lower on Monday, pushing the current selloff well into bear market territory and on pace with a level of volatility not seen since the market crash of 1987.  To be sure, the S&P 500 index shed over 12% in another unpredictable day of trading and follows the surprise FOMC meeting on Sunday that slashed the fed funds rate by 100 basis points and saw the restart of its asset purchase programs.  What has become…


Is now the right time to get into the markets?

It would be an understatement to say that financial markets have experienced a bit of volatility this week.  In fact, the VIX surged to its highest level since the height of the Global Financial Crisis more than a decade ago.  To be sure, we believe that a host of issues ranging from the unmitigated spread of the coronavirus in the U.S. and around the world, a seeming concerted effort by the Saudis and Russians to flood the oil markets and…


Three quick steps to help manage financial anxieties during uncertain times

If the coronavirus, recession angst or elections are keeping you up at night or have generally increased your level of anxiety, you can take comfort in knowing that what you’re feeling is natural.  In fact, our brains are primed for an anxiety response during times of heightened uncertainty.  At least that’s according to one research paper published in the journal Nature.  And as the researchers point out, higher levels of uncertainty disrupt our ability to assign clear probabilities of success…


Economic update: Downside risks still increasing

The outlook for the U.S. and global economy has deteriorated yet again.  Unsurprisingly, the culprit behind the outlook downgrade has been news of the coronavirus’ continued spread.  To be sure, risk assets sold off this week and financial market volatility increased as concerns about the virus and its potential impact on the global economy dented investors’ up-until-recent euphoric sentiment.  More importantly, worries about the coronavirus come at a time when economic conditions in the U.S. and around the world remain…


Are Democratic Candidates’ Proposed Economic Policies Disruptive?

The race for the Democratic Presidential nominee remains crowded with eight candidates (as of this writing).  Yet, with Super Tuesday just around the corner, the list of candidates is likely to be winnowed quickly.  And one deciding factor that could make (or break) the decision for the Democratic Presidential nominee in July is likely to be a candidate’s economic policy.  But what exactly are the candidate’s positions and more importantly, why should they matter to savers and investors?  In this…


What should you know about the SECURE Act?

If you are preparing for retirement, are currently retired, or own a small business chances are you’ve probably heard something about the SECURE Act.  So what is it?  Simply put, the SECURE Act is a law that makes it easier for small business owners to offer attractive retirement savings opportunities to a population of workers largely underserved by retirement savings options. In this week’s blog post, we explore a high-level overview of the SECURE Act and its implications for businesses…