Market Updates
From Our President
6 Ways Your Parents Affect Your Relationship With Money
Financial psychology fascinates me. Every day I get to see it have real world implications during meetings with clients. When I have the pleasure of working with ones parents and children (3 generations), it becomes a real social experiment. In this setting I see how these people are more alike than they imagine. It offers itself as an interesting generational sample pool.
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The Life Lesson Learned from The Marvelous Mrs. Maisel
I’ve written about the struggles of taking “real” vacations many times. Unfortunately, I have many clients who seem afraid to take a vacation. These individuals never decompress and thus make themselves miserable. Much of the show’s second season is filmed in the Catskills. Back then families vacationed together for the entire summer. Often, they’d rent a cabin (think Dirty Dancing style) for the season where there’d be dances and activities for the whole family to enjoy. Most importantly, they’d relax for an entire three months a year. (Crazy, right?)
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The Downsizing Myth
Is downsizing just a myth? Many people in retirement upsize, "rightsize" or make no change at all.
READ MORE...2018: Year in Review
Well 2018 is officially in the record books! It came in like a lamb and left like a lion as they say. We saw some crazy things in the markets including one of the worst single point drop days in the Dow Jones history. Only to be followed by our first 1,000 point up day as a late holiday gift. We also experienced our first bear market (classified as down 20% from the peak) since the financial crisis in 2009. That said, like every year, there were big stories and smaller ones that framed the market performance.
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