Mitch’s Insights
Mitch’s Insights
Insights into the world of wealth management and personal finance.
Submitted by CA | Wealth Management on February 7th, 2017
If you want to become an acknowledged Saint, it is best if you start by giving away all your money. If this prospect sounds too daunting, the following are four efficient suggestions for reducing your wealth. The first two may only lose most of it but the final two will make it all disappear.
Submitted by CA | Wealth Management on February 7th, 2017
I cringe whenever I hear someone say that they’re, “playing the stock market.” The stock market is not a competitive game, with winners and losers. Instead, it offers the potential for every investor with a globally diversified portfolio and a long-term perspective to win. Here’s why:
Submitted by CA | Wealth Management on February 7th, 2017
I was once asked, at a journalism conference, how I defined my job. I said: My job is to write the exact same thing between 50 and 100 times a year in such a way that neither my editors nor my readers will ever think I am repeating myself.
Submitted by CA | Wealth Management on February 7th, 2017
According to a new survey from BMO Wealth Management, a third of Americans (31%) say reducing or eliminating debt is their number one financial priority.
That goal was even more prevalent among Baby Boomers, where 35% selected reducing debt as their number one priority.
Submitted by CA | Wealth Management on February 7th, 2017
Survey after survey indicates that one of our biggest worries in retirement is running out of money.
More than a third of retired investors and half who aren’t retired said they worry they will run out of money and be forced to depend on Social Security as their main income source, according to a Wells Fargo-Gallup survey.
Submitted by CA | Wealth Management on February 7th, 2017
The fastest-growing major mutual-fund company in the U.S. isn’t strictly an active or passive investor. It’s both. Dimensional Fund Advisors LP, or DFA, is the sixth-largest mutual-fund manager, up from eighth a year ago, according to Morningstar Inc., drawing nearly $2 billion in net assets per month at a time when investors are fleeing many other firms.
Submitted by CA | Wealth Management on February 7th, 2017
Dear Millennials: You’ve no doubt noticed that you’re the financial services industry’s new best friend forever.
Submitted by CA | Wealth Management on February 7th, 2017
The 4% figure you mention comes from studies done in the 1990s to identify safe withdrawal rates that resulted in what's known today as the 4% rule.
Submitted by CA | Wealth Management on February 6th, 2017
I woke up yesterday at 5 a.m., fumbled for my iPad, and refreshed CNN. 'Trump' in big letters stared back at me. I double checked that I wasn't on The Onion by mistake, and then shot out of bed to start writing my piece on how a Trump presidency will affect our wallets.
Submitted by CA | Wealth Management on January 20th, 2017
You’ve picked out the rings, maybe even the venue … things are rolling toward your Big Day. But don’t forget an important element of your new life together: getting your financial lives in sync. Talking about finances with your fiancé or partner may not seem like the most romantic topic, but what better way is there to show your loved one how committed you are to a lifetime of happiness together? Here’s how to get started: