Our Weekend Word

With all the news we wanted to discuss why the actions of Steven Mnuchin and the U.S. Treasury regarding liquidity are so important right now.

Taking a break from coronavirus we’d like to take a moment to preach looking before you leap.  Right now, many of you have the right idea that this is the time to put some money to work in the market.  We generally agree with that sentiment, especially for younger investors, but also want to tell a cautionary tale.

Back in 2016 I wrote a Word about Apple being the first phone manufacturer to remove the headphone jack titled Innovation or Arrogance?.  As a technophile I was pretty skeptical about the move and was scathing at times in the piece.  At one point going as far to say, “This just seems like Apple has passed the costs of its design to its consumers and instead of being practical, is looking to line their pockets a little more.” Boy was I ever right, yet somehow so wrong.  Apple’s solution to removing the headphone jack, AirPods became a massive hit. 

People don’t like change, it’s a thing. Make those changes large, sudden, and frequent and you can really put a damper on someone’s day. This is exactly what the stock market has been doing to investors for the past two weeks.

In the past two weeks the Coronavirus has been picking up steam globally and causing production concerns for companies around the world. The question for investors remains, is this enough to truly put the global economy in trouble.

Why is it on us to figure out and file our income tax?  The short answer is, the IRS wasn’t able to, well until recently.  

Graduating from college is certainly cause for celebration! But for many graduates, earning a higher education degree has left them with sizable student loan debt. Fortunately, there are a variety of repayment choices available—from consolidation to refinancing—to help lessen this burden.

Before you get swept into 2020 with manic bouts of cooking, cleaning and sugar coma’s here are a few things to keep in mind as the end of the year approaches that can help you feel productive in the chaos.

How important is technology in your daily life?

Our clients know that our group has viewed the rush to passive investing with skepticism to say the least. You can’t argue numbers, but something about buying into companies that you didn’t really know anything about never seemed quite right.

Recently, a loud voice echoed our concern that this indexing party may be getting a bit out of hand. The real man behind “The Big Short”, Michael Burry, said as much in an interview with Bloomberg.