“While the Optimist and the Pessimist were arguing over whether the glass was half full or half empty, the Opportunist drank it.” – Origin unknown The current investment climate is the most difficult period I have ever seen. Much of the massive uncertainty of a few weeks ago is resolving, so
It’s very difficult to watch the value of your portfolio decline. We’re all feeling that pain right now. But please don’t overlook a potential opportunity – imagine a substantially lower tax bill in the future. Have you thought about moving funds from your traditional IRA to a Roth IRA? Nobody likes
One of the main problems with markets right now is the massive uncertainty. Market participants and business leaders loathe uncertainty. They would rather hear the bad news any day over uncertainty. At least they can plan when they know how bad it is. We should start getting meaningful news – good
At times, it’s easy to move between optimism and pessimism on this quickly evolving virus story. The economic impact for the next few months is going to be dramatic. A modern-day economy cannot be on lock down and “social distancing” for long without destroying wealth. But there are reasons for hope
As fear works its way through financial markets, it might be helpful to review a brief history on pandemics to help keep things in perspective. Spanish Flu of 1918-19 The world was a different place in 1918. Europe was ravaged by World War I, and antibiotics had not yet been discovered.
Like me, you’re an investor - and you’re probably concerned. That’s understandable. This virus is troubling on many levels, and the media is now very focused on this story. But as an investor, we believe in people and entrepreneurs, we believe in their ideas, and we believe that human creativity and
Investors should be of good cheer! The long-term, “secular” bull market in U.S. stocks that began in March of 2009 continued as diversified portfolios of both stocks and bonds performed very well last year. Even international stocks piled on with some gains. The years 2018 and 2019 are an interesting case
I’ve never met a client who wants to pay more in taxes. But as the cliché goes, you sometimes must take a step backwards to take two steps forward. Converting part or all of your traditional IRA funds to a Roth IRA might cause some short-term pain – but it could be