Take Control of Your Financial Life
Whenever we get into a market correction that includes a couple days of significant market declines like last Wednesday and Thursday (Oct. 10 & 11, 2018), it can be worrying. This is especially true when recent stock darlings like Apple, Amazon and Netflix lead the way down and even “safe” assets like U.S. Treasuries lose value as well. Human nature dictates that we need to know why something is happening so we flip over to Fox Business and CNBC. As usual, they are never at a loss to give us a number of reasons to be worried. This time the theories include potentially rising inflation, the Fed raising rates too fast and so choking off growth, trade disputes with China getting worse, and markets overvalued.
Regardless of the reasons, does the recent turbulence mean the bull market is coming to an end? [Read more…] about Latest Market Drop – Time for Concern?
From time to time I get a question about whether an elderly parent should transfer their home or investment accounts to their children while they are still living. Usually the reasoning is that if they need to go into a nursing home for any length of time, the expenses will drain their assets and there will be very little money, if any, to pass down to their heirs. [Read more…] about Gifting Assets as Part of Long-Term Care Planning
