As of December 31, the “Magnificent Seven” accounted for roughly half of the Index’s 2024 gain, according to CNBC. This has left many people wondering, are these companies deserving of this much capital, or is a bubble inflating America’s largest enterprises?
The Trump administration is set to kick off a series of policy moves focused on, among many things, reducing government waste. It’s not surprising to see a renewed focus on our government’s and politicians’ extravagant spending, especially when some families struggle to put food on the table due to persistent inflation (which is arguably also […]
With the holidays rapidly approaching, I find late December is a great time for family, friends, festivities, and a little reflection. The end of 2024 marks an important milestone: The first quarter of this century is now behind us. If you’re like me, the turn of the millennium doesn’t feel that long ago, yet the […]
Japan has 140 businesses that are more than 500 years old — operating around twice as long as the oldest companies in the United States. Nineteen of their businesses claim to have existed since the first millennium. Let that sink in for a moment. From plagues to wars, natural disasters to collapsing economies, these ultra-durable […]
In just over two weeks, Americans will head back to the polls to decide, among other things, who will lead our country for the next four years. Rest assured this won’t be a political article attempting to sway you toward any candidate. Instead, I want to share a story about a former client who, ahead of 2020 election, decided to sell his investments to avoid election uncertainty.
A few weeks back, a colleague showed me an article on commercial real estate in the Denver Tech Center. Apparently a few well-regarded buildings had changed hands at prices that caught his eye. The surprising news was the sell price earlier this year…
It’s Friday, August 2, and I’m writing this article with CNBC open on my browser. The headline shouts, “Dow Loses 750 Points, Nasdaq Enters Correction After Weak Jobs Report.”
Compounding growth, whether in nature or finance, is similar: enough time can bring impressive results. Seemingly every few years, a familiar story is published. A quiet person from a forgotten town, typically with little or no education and a low paying job, accomplishes the unusual.
Across social media and YouTube, there are no shortage of pundits, professional or otherwise, offering financial “advice.” I congratulate writers focused on educating readers about these concepts. But my sense is many of these “gurus’” acquire and grow their income not on the education they offer, but on the number of eyeballs they attract.
If you’ve been to a grocery store lately, the announcement from the Federal Reserve last week should not have been surprising: inflation seems to be sticky. While some progress has been made in reducing the inflation rate, prices remain elevated and are getting higher on many necessary goods and services. Though the inflation rate may […]
Last month we discussed how Americans are still overwhelmingly dissatisfied with their finances, despite record net worth and increased income. That conversation focused on spending, and how increased inflation in housing, groceries and other necessities has made those higher incomes feel insufficient. For people feeling the angst of the uncontrollable (interest rates, inflation, etc.), I […]
Every three years, the Federal Reserve publishes a report about the finances of US families. Based on data and interviews, the triennial “Survey of Consumer Finances,” “…collects information about family income, net worth, balance sheet components, credit use, and other financial outcomes.” In short, it reports how Americans are faring financially. But their recent report […]
With January behind us, how are your New Year’s resolutions going? Mid-February is typically when gym attendance returns to normal, as people remember how hard it is to maintain healthy habits. But goals aren’t limited to the gym; many make financial planning a part of their resolutions. Whether they want to start a budget, save […]
Did you partake in any Black Friday sales last year? The annual shopping event following Thanksgiving, named black Friday for its ability to get retailers “back into the black,” had retailers concerned in 2023. With prices rising everywhere thanks to persistent inflation, would consumers cut back on their spending? Ultimately this fear proved unnecessary. Not […]
The former home of Groucho Marx, the cigar-chomping, round-glass wearing comedian of the 1920s, is up for sale in Long Island, New York. For the low price of just $2.3 million, you too could own the five-bedroom, 3,800-square-foot home built in 1926. Marx paid a scant $27,000 for it in 1926 (roughly $465,000 in 2023 […]
AI raises an important question, especially for any business that offers advice: What can technology do, and what can it never truly replace? I believe technology can provide information, but a good advisor provides understanding.
