One of the keys to building wealth, compound interest is one of the most powerful concepts in personal finance. But, what do we mean by “the power of compound interest” and what exactly is compound interest? Simply put, it’s earning interest on interest. Sound confusing? Once you get the hang…
Inflation is unfortunately showing its ugly head, but is it simply growth driven price increases? I believe it has been one of the market’s most underappreciated risk factors. In my opinion, the current increase in inflation is primarily propelled by the restart of our economy, pent up demand, and supply…
Humans are not very good at making healthy long-term decisions. Our natural tendency to focus on what benefits us right now. This includes making poor financial decisions. This isn’t a product of social media or cell phones. Studies suggest that our brains are hard-wired to see our future selves as…
One of the first lessons we learn as human beings is that every choice has a consequence. One of those consequences is that each decision we make both opens and closes doors to other opportunities. When it comes to decisions around money, it can be hard to handle the idea…
Building wealth doesn’t have to mean sacrificing happiness and pleasure now for a better life in the distant future. You’ve read all of the financial advice that tells you to skip the lattes and the avocado toast if you want to have a decent retirement. But this advice misses the…
One of the biggest mistakes people make with their wealth building is to focus too much on growth. This is like a basketball team that only focuses on offense, and never plays defense. They may win some games, but they won’t ever have enough firepower to win the championship. We…
America was highly attuned to the U.S. political backdrop last week as Donald J. Trump was sworn in as the nation’s 45th president. Investors are betting that President Trump will deliver on some of his pro-growth policies. He is focused on several things, taxes being at the top of that…
Heading into the holiday weekend, stocks rose slightly on Friday amid low volume, the Dow managed its seventh consecutive weekly gain. Only three days of trading remain in 2016 and investors are optimistic for a solid finish without sizeable deterioration. In recent weeks, however, the market has moved into what…
Stocks had one of their best performances in years, with increases of 5.4% for the Dow, and 3.8% for both the Nasdaq and S&P 500, following the election of Donald Trump as U.S. President. Widespread pre-election forecasts from investment banks were nearly universal for sizeable losses following a Trump victory;…
Last week brought a steady stream of news. Corporate earnings were mostly positive and economic data pointed to better than expected conditions in the United States. Lest we forget, the bar for comparison is pretty low. Nonetheless, third-quarter earnings started strong and seem to be maintaining a consistent theme. These…
A recent Fidelity nationwide survey finds 74% of investors think which party controls the government has an impact on the stock market—but perhaps not the way you think. A slim 14% believe whoever sits in the Oval Office has the biggest impact, 28% say control of Congress is key, 33%…
You’ve likely spent a good deal of time thinking about investment risk. But have you stopped to think about more personal security issues, such as the safety of your online financial transactions and information stored on your computers? While most people recognize that online fraud or cybercrime is a potential…
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