Tag

savings

What a 10-day Traffic Jam Can Teach Us About Money

By | The Friday Brief | No Comments

You probably saw something in the past few weeks about the alarming volatility of the Chinese stock market, and more recently its currency devaluation. If you didn’t, the short version is that things are a bit messy there these days. That being said, I’m not going to focus on either of those stories in today’s Brief. Instead, I want to bring your attention to another piece of news in China: a 10-day (yes DAY) traffic jam that began on this date five years ago on the Beijing-Tibet Expressway. What started as general congestion due to an over-capacity road got worse

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Is Your Financial House in Order?

By | The Friday Brief | No Comments

Which of the following do you believe is the most important aspect of ensuring the quality of your financial future? A. Saving diligently B. Working longer D. Achieving better-than-market returns E. Designing an efficient well-allocated portfolio F. Excellent financial planning G. Winning the lottery H. None of the above

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Should Young Couples Buy or Rent Their First Home?

By | Blogs, The Friday Brief | One Comment

During lunch yesterday my son Sam, who is getting married soon, asked if it would better for the new couple to rent or buy their first home? He had given considerable thought to the subject in recent months. As a renter since college, he felt like he was throwing his money away; money that might instead be applied toward equity in a home comparable to or better than the one he and his new wife might rent – increasing their wealth rather than draining it. After agreeing with and complimenting his reasoning, I shared a few additional issues to consider. One of the most

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Three Reasons to Avoid Those Steak Dinner Invitations

By | General | One Comment

Just this week I received three invitations to steak dinners at Ruth’s Chris and Sullivan’s in Raleigh, promising all the information I would need for a happy retirement. Not surprisingly, they all came from local companies we know as annuity sellers. One of the invitations came from an agent who has a local radio show who unashamedly calls himself a fiduciary. Why the regulators allow this guy to imply he has no fiduciary conflicts of interest when he sells annuity products with compensation ranges anywhere from 1% to 7% as well as incentive trips and other perks is beyond me.

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Should You Hold More or Less Cash?

By | The Friday Brief | No Comments

As financial advisors we are often asked, “how much cash should we set aside?” while others wonder, “why hold it at all, given such low returns relative to equities and fixed assets?” A proper answer to the second question requires a discussion of Modern Portfolio Theory – an involved topic for another day.  Today, we look at the question more fundamentally, in human terms. Cash means different things to different people.

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