PAY ATTENTION TO THE FEDERAL RESERVE U.S Central Bank is the most powerful financial institution in the world Fed increasingly open about its policies What Fed Chairman and Fed policy statements say matter Fed decisions affect financial markets and economic conditions globally Follow Fed policies on their website www.federalreserve.gov Watch the related WEALTHTRACK episode.
ACTION POINT
NORLEY: PLANNED PHILANTHROPY Make charitable giving part of your financial plan Americans give away hundreds of billions a year Need to plan for it financially USNIK: VALUABLE ADVICE CEOs and philanthropists should create a sounding board of millennials Get their views on issues that matter to you Millennials are the employees, customers and […]
TAKE ADVANTAGE OF THE HIGHER INTEREST RATES AVAILABLE IN CASH
TAKE ADVANTAGE OF THE HIGHER INTEREST RATES AVAILABLE IN CASH CASH COUNTS Best performing asset class 2018 3 month T bills +1.9% Cash can provide a positive return Competitive rates available RAISE YOUR OWN RATES Higher rates available than savings accounts at commercial banks and most brokerage firm cash accounts YIELD BOOSTERS Savings […]
NO MATTER HOW TEMPTING, AVOID MARKET TIMING
NO MATTER HOW TEMPTING, AVOID MARKET TIMING MISSING OUT If out of U.S. stock market for 25 best days between 1970 and 2015 returns reduced from +1,910% to +371% If out of UK stock market for just 2 quarters since 1900 cumulative real returns reduced by + 50% If out of U.S. market […]
THINK ABOUT YOUR VALUES AND HOW YOU CAN APPLY THEM IN SOME OF YOUR PORTFOLIO
THINK ABOUT YOUR VALUES AND HOW YOU CAN APPLY THEM IN SOME OF YOUR PORTFOLIO Many Socially Responsible Choices: -Industries to invest in or not to invest in -Companies involved in activities you believe in -Companies with best management practices -Companies having an impact on underserved communities or countries Watch the related WEALTHTRACK […]
KEEP SOME BONDS IN YOUR PORTFOLIO
KEEP SOME BONDS IN YOUR PORTFOLIO Watch the related WEALTHTRACK episode.