Investing

Achieving “millionaire status” is the financial aspiration of many. However, when we do the math in 2018, we realize that for most of us accumulating a million dollars for the future is just step one. With the disappearance of pensions and escalating costs for health care as we age, we need to have multi-millions set aside for our retirement. After all, we do not want our style of living to diminish down the road; if anything, we want it to ...

Rachel would tell you she likes to make money, not count it. However, what stands out when you meet her are her phenomenal entrepreneurial skills. In fact, Rachel’s relentless effort in her business endeavors, coupled with a superb instinct for calculated risk-taking, led to the accumulation of a nest egg of over $6 million saved (in cash). She accomplished this while living a lavish lifestyle including owning a home on each coast. Finally, at age 53, Rachel scheduled a meeting ...

When we hear the word “recipe,” most of us think of food. And now that the summer season is here, foods with fresh ingredients are abundant–a welcome and nutritious change. But we can also apply the friendly term “recipe” to our portfolio asset allocation, recognizing that our portfolio ingredients are likely to be stocks, bonds and real estate. Fortunately, when we get the proportions right, these investment ingredients may deliver welcome results and keep us financially healthy. Sue’s experience provides ...

You can instill a sense of gratitude and generosity in even the youngest children by teaching them to share with others, beyond the immediate family. For instance, a great place to start is to encourage your kids to volunteer their time or share a portion of their allowance with the causes they love. Strategies for transforming your children into young philanthropists include: Discover what sparks their interest Create a family tradition Establish a donor-advised fund Discover what sparks their interest You can easily ...

Stock markets have been on a wild ride this year and it is likely that the volatility will continue through the remainder of the year because of the degree of uncertainty around the world. Current events with indeterminate outcomes almost always trigger emotional responses on the part of investors, thereby affecting capital market movements. When there are large swings in market activity it is often just an overreaction to uncertainty; there may be no fundamental reason for investor worry. A ...