Savers Get Paid Again

Cash is back! It was only a year ago that people were so desperate for yield that the Wall Street Journal asked me if savers should put some of their home down payment savings in the stock market. Now we have high-yield savings accounts topping 3%. Three-month Treasuries are yielding 4.4% and 12-month paper is…

Helping Your Girlfriend with Retirement Planning

Last week I joined Ben Carlson’s live Youtube show called Portfolio Rescue. Each week, Ben pulls the most relevant questions we receive from listeners, watchers, and readers of our finance content. I helped answer two listener questions that dealt with financial planning issues. The first was from a man who is helping his girlfriend save…

After the Harvest

Have you ever seen a grapevine after the harvest? What was recently a huge bush full of fruit, becomes a lonely, barren stick in the dirt. Rows and rows of sticks stretch across the vineyard for months. Winter is not a beautiful time to visit vineyards, but it is a great time to witness the…

Women of Wealth Management, Assemble!

Future Proof Festival is happening in a few weeks. This is an event you don’t want to miss if you work in wealth management. The speaker lineup is unbelievable. The venue is a boardwalk in Huntington Beach, CA. No cold hotel ballrooms, and no coffee and tea bars at the back of the exhibit hall….

The Biggest Life Event That No One Talks About

Graduation, first job, marriage, having kids, divorce, death of a spouse, becoming a grandparent. These are all major life events that receive a lot of attention. We throw parties, showers, weddings, and funerals to mark these milestones. We formalize them with legal documents. We write articles, how-to’s, and self-help books about them. The rhythm of…

If I Had a Billion Dollars

In case you haven’t heard, the Mega Millions jackpot for tonight’s drawing is over $1.2 billion. That’s Billion, with a B. Although the odds of winning are less than 1 in 300 million, I suspect that many nonregular lottery-playing Americans will purchase tickets. To put these odds in context, here are the odds of some…

Blah Blah Summer

Summer is the off-season in New Orleans. The heat and humidity pack a one-two punch that makes walking outside feel like walking into a steam room, day or night. It’s best to do chores like mowing the lawn or grocery shopping before 8 am when the sun makes its unwelcome return above the roof. We…

A Time to Puke

Today was an ugly day for the stock market. We have officially entered bear market territory for the S&P 500 Index, so we can stop dancing around the words “sell-off”. The arbitrary line in the sand has been crossed. I have spent my career assisting clients through bear markets. I graduated from college at the…

Bear Market Playbook

Although we are not technically in a bear market (the S&P 500 Index has not declined 20%) it absolutely feels like one. The tech-heavy NASDAQ index is 26% off its highs, and so are small-cap stocks. Many of the darling stocks of the latest growth rally have been decimated. These are some of the most…

Flush It Out

It’s brutal out there. We had two very strong down days on Friday and Monday, with no signs of a relief bounce today.  The S&P 500 Index closed down another 3.2% on Monday, now down over 16% year-to-date. Everyone expects we will enter official bear market territory, with the averages down 20% or more. CNBC…