Just how great will “The Great Wealth Transfer” be? The Baby Boomer generation, those born between 1946 and 1964, hold roughly 50% of all household wealth in the U.S – an estimated $78 Trillion. (1) For years, economists and analysts have been predicting a large portion of that will fall to
It’s Super Bowl Sunday! Time to whip up the guacamole and the superstitions. There is a nonscientific Super Bowl predictor that says if the AFC wins, the stock market will decline and if the NFC wins, the markets will have a bull run in the upcoming year. Does that
Yes. We just don’t know when. Markets correct. They always do. Corrections, also referred to as “drawdowns,” occur each year. Let’s go back five years and look at the maximum drawdowns for the S&P 500(1) 2020 -33.9% 2021 -5.2% 2022 -25.4% 2023 -10.3% 2024 -8.5% What’s remarkable
Lately, the markets have been acting like a petulant, over-reactionary teenager. One day it’s full of joy and excitement, and the next day it’s rolling its’ eyes and sending chilling death glares our way. It doesn’t take much to go from one extreme to another and the mood swings
When was the last time you fell to your hands and knees and kissed the ground because you got an insurance renewal bill in the mail? I don’t know about you, but if I do get my renewal in May, that is exactly what I will be doing! Prior
Hearing that the world is headed for disaster and chaos is by far more interesting thanforeseeing a world that is steadily progressing. The odds are the second statement is more accurate than the first. Just look back at the way your parents, grandparents, and even your great
I’ve attended a fair amount of holiday gatherings over the past month. Oftentimes the conversations were pleasant – but could be defined as surface level, contrived, and trite. I found those conversations to be tolerable and, at times, it was hard work to keep them going. There were
I’m doing a premature happy dance over the news about the Social Security Fairness Act. I fervently hope that our teachers, firefighters, police officers, and other public servants get a Social Security gift very soon. (1) How? Are you aware that retired public servants have been blocked
I’m loving your account balances these days! Are you aware that, thus far in 2024, more than20% of all trading days have ended at an all-time high? [1] That’s an average of more than oneper week. I think this is a good time to take a pause
One of my clients recently had an auto repair quote for $7,100 on his 1992 Toyota pickup.The truck has 272K miles. The body of the vehicle is in good shape – for its age. What would you do? Keep it? Or send it to the graveyard? Joe
It’s a good question. Let’s say that you are looking at buying a car for $37,500. You put 20% down and finance$30K at 8% interest for 48 months. That’s a high interest rate! Now let’s take the $30k cash and invest it in a safe, 5-year treasury
I’ll never forget the magic show that I went to, and got to participate in. The magician had a large jar filled with jellybeans. The challenge was to figure out how many jellybeans were in the jar. He chose 5 people from the audience and asked each of us to
In October 1994 Peter Lynch gave a commentary about the markets: “The markets will go up and the markets will go down. Human nature hasn’t changed much in 25,000 years. Some events will come out of left field and the market will go down or the market will go up.
Joanna Stone, from the Wall Street Journal, created an avatar of herself and challenged her clone to replace her for 24 hours. That sounds great! Why not have a bot do your job while you sleep in, have a self care day and walk your dog?(1) It’s all fun and
This was the view from my house on Halloween Day. It was a scary day. Some neighbors were evacuated and then returned home in the early evening. In the end, six homes had damage and no one was hurt. As the electricity went out and the fire crews went up and down the
For the past few weeks, I’ve been trying to cancel a subscription, and it was not easy! An unsubscribe button didn’t exist. The search bar took me to unhelpful articles. After a fair number of searches, I finally unburied a phone number where I had to call in to
In 1939, in Kansas, wheat mills owners realized that women were using their sacks to make clothes for their children. The mills started using flowered fabric for their sacks so that kids would have pretty clothes and the label would wash out. (1) It was a gesture of pure
In 1977 at the age of 19, Peter Buffet received a $90K inheritance from the sale of his grandfather’s farm. Warren Buffet was clear in telling his kids that he’d give them “enough so they can do anything but not enough so they can do nothing.” (1) The $90K would be the
In August we had a “Flash Crash” – a sudden and significant drop in the value of the market followed by a quick recovery. On August 5, 2024, the S&P 500 index fell by approximately 3%1. Despite the initial shock, the market bounced back quickly. By the end of August,
Like you, I’m seeing a lot of predictions: Polls are predicting Trump will be the next president. Polls are predicting Harris will be the next president. The economy is headed for a recession. The economy is doing well. Inflation is slowing. Inflation is still bad. There are predictions that the
