July 20, 2023 It is human nature to want to avoid loss and instead seek refuge in something that feels safe. After the very pronounced and painful market declines of last year, a new wave of participant risk aversion flooded markets as investors piled a record amount into money market funds, where $5.4 trillion of … Continued
July 18, 2023 Despite the growing list of issues that seem to separate California and Florida these days, there is one area that they have very much in common… severe and widespread natural disasters, and especially the adverse financial impact that these events are having on the availability of homeowners insurance. From extreme wildfires in … Continued
April 27, 2023 The Merriam-Webster definition of emergency is “an unforeseen combination of circumstances or the resulting state that calls for immediate action; an urgent need for assistance or relief.” If you are in the midst of a severe medical emergency and you are by yourself, how will an emergency medical professional know your blood type, … Continued
April 25, 2023 Recent events in the banking world have once again highlighted the importance of understanding how Federal Deposit Insurance Corporation (FDIC) insurance covers deposits, which prompts similar questions about how investment assets are treated in the event of a brokerage firm (broker-dealer) failure. While there is comparable—but not identical—insurance coverage for brokerage assets … Continued
January 31, 2023 Chefs, from the classically trained to the rock-and-roll celebrity types, cling tightly to the concept of mise-en-place when running their kitchens. French for ‘putting in place’ and a concept derived from the military, mise-en-place is the tightly coordinated planning and organization of the inputs needed to precisely execute the production of a … Continued
January 31, 2023 Behavioral finance plays an important role in long-term investment success. We behave as we do in large part because we are affected by our emotions. Fear, greed, envy, and regret are some of the big emotions that often impact our decision-making, and we have all seen their collective influence over the last … Continued
October 25, 2022 2022 has delivered some record drops in both the stock and bond markets. In the month of September alone, the S&P broke below the previous June closing low, declining 1.03%. Similarly, the Dow dropped another 1.11%. This type of volatility can be incredibly stressful for investors, and understandably so, but it should not … Continued
July 14, 2022 Young drivers and cars have always been an expensive combination, whether they’re renting vehicles or getting their own auto insurance. This is especially true for drivers under the age of 25, at which point things generally start to improve cost-wise on both fronts. It’s a common misconception though that drivers under 25 … Continued
Originally published on January 27, 2016 and updated on April 28, 2022 Webster’s defines risk as “the possibility of loss or injury” and while this is true, risk—in the investment world at least—also means opportunity. In the simplest of terms, without risk, there is no reward. The key is determining the appropriate amount of risk … Continued
April 20, 2022 If you’re a business owner, you might be wondering which insurance coverage is right for you. There are many types of insurance, and while you might be familiar with some, hazard insurance is a very important one to consider. Let’s explore what it covers so that you have a better understanding. Unlike … Continued