How to Teach Your Kids About Money: Part II

Now is a great time to educate our children about the market and our economy. Now more than ever, it’s important that we set aside time to talk to our kids about money. Every day our kids are picking up mixed messages of intermittent panic from the news, dealing with sudden social distancing, adjusting to …

Balancing your investments in times of turmoil

In these trying economic times, don’t be surprised to find yourself in a situation where you went from feeling confident about the economy, your income, your job and having major financial prospects for the future to all of a sudden being swallowed up by fear. There is some newfound financial uncertainty given the new realities …

How to detect and avoid email scams?        

Everyone connected to the internet receives emails in some form and almost certainly has been sent an email considered fraud. 2.7 million emails are sent every second and about 60% of those are what IT security professionals would consider fraud. The most common type of fraud is called “Phishing”, a social act in which the …

Should you lease or buy your next car?

How do you determine whether you should buy or lease your next vehicle? Well, it really depends on what you want out of that vehicle, your financial picture, and who you are as a driver. It’s complicated and involves a lot of moving parts. Don’t worry, we will break it down to help you make …

How not to financially ruin your kids

I am often asked for tips on how to help my clients educate their children on money. It will start innocently enough with a light question floated out like, “So Michael, what is your theory on allowances for kids?” Or something more direct like, “I am worried my kid is going to grow up clueless …

Is there really such a thing as free trading?

If you ever see the word “FREE” emblazoned on a financial services advertisement, or you hear someone telling you that they don’t pay any costs in the financial services world, feel free to roll your eyes sarcastically. In fact, my preference is that when you see the word “FREE” in regard to anything in the …

Portfolio rebalancing: 3 reasons it’s important

Let’s be honest. Have you ever spent time looking at how all your investments are allocated (what your investments hold across your entire portfolio of holdings)? If you’re like most investors, you probably don’t give much thought to your mix of stocks versus bonds – but you should! Understanding your allocation is fundamental to understanding …

Tax loss harvesting: why bother?

When it comes to portfolios, some things stay the same no matter the generation of investor. At any age people hate losing money and love talking about their winning investments. I’ve practiced in the financial services industry for more than 20 years and I am amazed at how many stories I’ve heard about “the best …