Global stocks have bounced significantly off the lows set in mid-June, yet they are still a long way from getting back to where they started the year. Inflation is stubbornly high, and the Federal Reserve is intent on hiking interest rates to help lower inflation. It seems like you could make an argument for the …
Tag: Naperville Financial Advisor
Wealth, War and Wisdom
I recently finished reading "Wealth, War and Wisdom" by Barton Biggs (Amazon link: here). This book looks at how various stock markets (US, UK, Germany, France, Japan and others) reacted to the events surrounding World War Two. This book is a must read for any stock market nerd - a perfect blend of general history …
The Only Winning Move
Have you ever seen the movie War Games (1983)? The film, which stars Matthew Broderick, Dabney Coleman, John Wood, and Ally Sheedy, follows David Lightman (Broderick), a young hacker who unwittingly accesses a United States military supercomputer programmed to predict and execute nuclear war against the Soviet Union*. At the end of the movie (spoiler alert!), the supercomputer realizes that the many different scenarios (games) involving …
529 Plans: How Much Should I Contribute?
I frequently get asked about college 529 savings plans. The question I usually get asked is: how much should I put into my kid's 529 Plan each month? The question clients should be asking is: SHOULD I contribute to my kid's 529 plan each month? Let's start with the basics*. 529 plans are sponsored by …
The Power of Compounding
I recently took the family down to Naples, Florida for some vacation time. On one afternoon we took the kids on a boat cruise around the harbor with the goal of seeing some dolphins (which we saw!). After explaining some of the history around the harbor, the tour guide quickly moved the conversation to real …
The Naperville Financial Planner 