Although we are experiencing smooth sailing here at home, it’s important to realize that this is not the case when looking abroad. A handful of emerging economies are reeling in the face of collapsing oil prices with perhaps the most tenuous situation being found in Russia.
Why do we all have such an innate desire to spend money? For many of us, it is as if money literally burns a hole in their pocket as it is spent faster than it can be accumulated. The desire to spend money and acquire things comes from an innate desire to boost our self-esteem.
The recent collapse in oil prices is quickly becoming one of the most important macro developments of the year – and with it plenty of winners and losers are being made. We wrote about the downward trend in oil back in October after the price had dropped by 25% into the mid-80’s and now we revisit the topic at prices yet another 25% lower in the mid-60’s.
Something to consider before pulling the trigger on a permanent policy is that it is a long-term commitment. Think of it as a marriage, not a high school fling. The majority of the investment value in a whole or universal life policy will be realized only after the age of the policy can be measured in decades rather than years.
Life insurance is one of those topics that not many people like to talk about. That being said, life insurance can still play a vital role to most people’s financial plan. For this reason, we have decided to write a two part series unpacking various life insurance products and explaining why they may or may not be a good fit for some people.
Last Wednesday ARCP triggered a selling frenzy when it announced that it needed to re-state its first and second quarter financials. The stock plummeted on the news, presenting a compelling buying opportunity.
Nearly 2 years ago we wrote about how P/E expansion through cost-cutting and share buy-backs were the tailwinds driving the stock market higher. Since then we have seen more of the same as growth in earnings has vastly outpaced sales, but how sustainable is this tailwind going forward?
October has been a rough month for the broader stock market but an even rougher month for energy related investments as the price of oil has dropped precipitously. These kinds of drastic changes in the price of oil create a multitude of downstream effects in the global economy.
Chaos theory is extremely applicable to the world of economics, capital markets and public policy. If the economy is a pool of water, every decision made by every individual, corporation and policy maker is a pebble (some larger than others) creating its own individual ripple effects.
As parents, we all want the best for our children and part of that includes giving them opportunities for success in life. Although we think it is a good and noble idea for parents to pay a portion if not all of a child’s education, it is not a necessity and other savings goals should be met before venturing down this path.
Few would argue that Warren Buffett is one of the greatest investors of our time. Some might guess that a younger, less experienced Buffett managing a hedge fund might have a drastically different investment philosophy than the sage we know today, but is that the case?