Let the Good Times Roll

Excerpts from the February 2018 Archives of TGIF 2 Minutes…

“Let the good times roll.” I am partial to this expression because my Dad used to say it a lot either as a toast or statement when things were going well.  Looking overall at the last few years’ markets, current economy and lives and businesses of clients, the expression definitely applies. 

design desk display eyewear
During good times, how extensively you plan and from whom you get your advice can greatly lessen overall worry.

But of course, there will always be something to worry about. Always. 

  • How long will these positive markets last?
  • Will my portfolio continue to gain in value? How can I best preserve all this wealth I have created?
  • How long will these economic and business conditions continue to contribute to my personal and business success?
  • Will the risks I have taken in the past few years (that have paid off) continue to yield positive results?

Continue reading “Let the Good Times Roll”

More on “Free” Trading

Considering last week’s news of “free trading” (Fidelity jumped on board this week) here are two things that are NOT – and unlikely to become – free:

  • Financial Planning advice & guidance
  • Non-proprietary mutual funds trading transactions

Two very different things… but both are consistent with successful long-term financial planning and strategy. There are still far more moving parts to “free trading” so stay tuned.

Free Trade Continue reading “More on “Free” Trading”

A Free Lunch?

Is there such a thing as a “Free Lunch”? Developments this week tested the concept.

News broke this past Tuesday that Charles Schwab, followed by TD Ameritrade and E-Trade, would drop their stock, ETF and options trading commission charges. That means free, $0 trades.

woman using smartphone
Millennials have been demanding cheaper prices and “value” for their purchases since they could pick up a cell phone or iPad.

Continue reading “A Free Lunch?”

Year-End Tax Planning Tips

Excerpts from the TGIF 2 Minutes Archives:

The beginning of October means we are in the 4th Quarter… and the countdown begins to year-end. The following are excerpts from the Year-End Tax Planning Checklist.* Several of these items, if addressed now, could make a big difference to your 2019 tax filing AND add to your savings.

variety of pumpkins
The beginning of October means we are in the 4th Quarter… and the countdown begins to year-end.

Continue reading “Year-End Tax Planning Tips”

Waiting Out the Storm (Not Dorian)

As pockets of US East Coasters sit working and waiting out the nearly inevitable temporary loss of power due to Hurricane Dorian, I cannot help but partially relate this “wait” to a comment made recently by one of the Federal Reserve Bank Presidents. Back in August Robert Kaplan said the following about US trade policy and the markets,

FedReserve

“When you have this amount of uncertainty and this frequency of changes, my reaction as a businessperson is not to speed up – it’s actually a little bit to slow down the cadence of it and maybe take a little bit more time.”* Continue reading “Waiting Out the Storm (Not Dorian)”

The Cable Bill

Here is a “fun fact” in the form of a question to ponder over the Labor Day holiday weekend: How much do you think you will need to have saved to pay your cable bill over the course of your retirement?  (Answer is below*)

First, some context. I do get questions like this one often from my smarter clients who are truly goal-oriented and who realize how breaking down various retirement (or other) goals into bite-sized pieces makes the whole “affording retirement thing” much easier. Questions like:

  • How much should we be saving monthly in order to retire or slow down someday?
  • What kind of annual income can we expect from our portfolio someday?
  • How much will we need to have saved to afford future healthcare costs? (You can substitute other costs such as cable, vacations, kids’ costs, etc.)
photo of cup near flat screen television
Photo by John-Mark Smith on Pexels.com

Continue reading “The Cable Bill”

Urbanization…and Investing

“A new generation [both in the U.S. and globally] is flocking to cities, driving major economic and social shifts.”

According to research*, urbanization trends are impacting everything from agriculture to real estate to infrastructure. Here are a few trends cited:

  1. The next generation is creating a new generation of farms.
  2. As urbanization reduces the availability of arable land, boosting farmland efficiency is critical.
  3. Urbanites lean toward higher-nutrition, higher-value foods.
assorted vegetable lot
Remember when kale was used only as a garnish?

Continue reading “Urbanization…and Investing”