Blog

This section includes short articles written by our advisors on current topics, as well as answers to questions asked at some of our client meetings. Blog topics range from delving into the nuts and bolts of an investment strategy or what to look for in an advisor, to understanding why estate planning is so important, and whether you will have enough savings for retirement.

Millennial Moment: 62% of millennials say they’re living paycheck to paycheck

CNBC.com:

“Almost two-thirds of millennials say they’re living paycheck to paycheck and only 38% feel financially stable, according to a new survey from Charles Schwab.

Millennials, more than any other generation surveyed by Schwab, feel the most insecure when it comes to their finances. That’s according to roughly 380 millennials (ages 23 to 38) surveyed for Schwab’s 2019 Modern Wealth report.”

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Rob’s Read: When the Short-Term Impacts the Long-Term: Are We There Yet?

When the Short-Term Impacts the Long-Term: Are We There Yet?

AWealthOfCommonSense.com:

“Stories about value investing are the equivalent of your kids asking “Are we there yet?” over and over again on a road trip.

The value investing equivalent of “Are we there yet?” is this:

June 23, 2019: Is value investing dead? It might be and here’s what killed it (CNBC)

September 6, 2018: Is value investing dead? (Morningstar)

September 24, 2017: Is value investing dead? It depends on how you measure it (WSJ)”

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Rob’s Read: The Thing That’s Probably Blowing a Hole in Your Budget

The Thing That’s Probably Blowing a Hole in Your Budget

AWealthOfCommonSense.com:

“The three biggest debts most people take on are their mortgage, student loans, and car loans.

A home isn’t guaranteed to appreciate but historically housing has beat the rate of inflation, it’s a form of forced savings, it’s the roof over your head, and it can provide some level of psychic income.

Student loans can be taken to the extreme but they generally offer the potential for higher earnings over the course of a career and better job prospects.

A car loan is the only one of the three that gives you a depreciating asset. It’s estimated a new car depreciates around 20% in the first year and 10% per year after that.”

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Subscription services make life easier, but costs can add up.

Subscription services make life easier, but costs can add up.

It’s true. I love my subscription services. Pay on a monthly basis for the convenience of never worrying about a bill – what a time saver! But, can it be a money waster? Definitely.

Subscription services are much more popular than ever before. From on-demand movies to pre-made meals, the convenience of these services is incredibly attractive to time-starved individuals. But the accumulation of “small” conveniences can add up to much more than what you’d expect.

As much as I enjoy my Netflix, Sirius Radio and GoodFood deliveries to work each week, I felt like I was losing track of all my ongoing expenses. After completing an audit of my credit card statements, I realized that I was duplicating a lot of my conveniences (why do I need 2 meditation app subscriptions?)

Cancelling a few of the underutilized services felt like a load off my financial shoulders, that I didn’t even know were dragging me down.

I suggest a periodic audit of your own time-saver expenses. You’d be surprised at the money you could be saving. Go that extra step and set up an automatic savings plan for the money that you’ve freed up. You’ve already proved to yourself that you won’t miss it!

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