Your Most Valuable Asset Is Yourself

Your Most Valuable Asset Is Yourself

By: Carl Richards Years ago, my colleagues and I conducted a fairly large-scale research project. We interviewed a bunch of high-income professionals who provided professional services. This group included doctors, dentists and lawyers, and like most of us, they earned money only when they were working. In essence, they traded their time for dollars. Our finding was this: Homes and retirements accounts aside, the most valuable asset they owned was the person staring back at them in the mirror each morning. Chances are, the most valuable investment you own is the investment called you. A more technical way to think about it is that the most valuable asset you own is the present value of your future earnings. But here’s the problem: Despite what your spouse may tell you, the investment called you is getting less valuable with every year that passes. To continue reading, click...
What You Need to Know About the Fed’s Move to Raise Interest Rates

What You Need to Know About the Fed’s Move to Raise Interest Rates

By: Brian Haywood So the Fed has finally decided to raise interest rates, ending months of rampant speculation. Director of Fixed Income Brian Haywood covers the why, what and how of the Fed’s rate hike, plus what you should do about it. Short answer? Nothing. By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations whatsoever by us regarding third-party Web sites. We are not responsible for the content, availability or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them. The opinions expressed by featured authors are their own and may not accurately reflect those of the BAM ALLIANCE. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice. © 2015, The BAM...
Wrap Up Your Year-End Giving

Wrap Up Your Year-End Giving

By: Kathleen Longo Although the official start to the “Holiday Season” generally occurs on Thanksgiving weekend, the charitable component so often linked to this time of year is highlighted a few days later with #GivingTuesday, which fell on Dec. 1. If you don’t know already, #GivingTuesday, a relatively recent movement, was created in 2012 by New York’s 92nd Street Y in partnership with the United Nations Foundation as a response to consumerism and commercialization. The event takes place each year on the first Tuesday after Thanksgiving, providing a respite from Black Friday and Cyber Monday, and is designed to be a global day of giving through monetary donations, your time, goods and your voice. Following in that spirit of giving, and as the close of the holiday season draws ever nearer, here are some best practices to maximize your year-end charitable giving plans and to ensure that the organizations you select are aligned with your goals and values. What causes are most important to you? The first step in any charitable giving plan is to create a list of organizations you have given to in the past. At this point, take time to think about which causes are most important to you. The objective is to confirm that your philosophy of giving is still fully aligned with past recipient organizations. If you find that this isn’t the case, consider looking for a new organization to support. To continue reading, click here.   By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations...
Misleading “Debates” on Active vs. Passive Harm Investors

Misleading “Debates” on Active vs. Passive Harm Investors

By: Dan Solin While it’s a low bar, Bloomberg TV always seemed to me to be the best of the financial media. Its anchors are professional and knowledgeable. Its coverage is broad and responsible. It avoids the hype and sensationalism typical of many of its competitors. Bloomberg recently launched a new morning program, Bloomberg Go. It features some high-powered on-air talent, including David Westin, who previously had final behind-the-scenes say at Good Morning America and is the former president of ABC News. Westin is an on-camera fixture of the new program. He works with Stephanie Ruhle, a respected Bloomberg anchor. According to Westin, the target audience of Bloomberg Go is “busy people who want to get something they can use something they aren’t going to get somewhere else.” He continues: “If we don’t give them that, they are going to go on to somewhere else.” To continue reading, click...
Is Stock Picking Back?

Is Stock Picking Back?

By: Larry Swedroe Is it time for stock pickers to make a comeback? That was the topic of discussion during a recent Trading Nation segment in which CNBC’s Brian Sullivan interviewed Stacey Gilbert of Susquehanna, and Phillip Streible of RJO Futures. Gilbert and Streible made the case that because the correlations (a measure of the strength of the linear relationship between two variables) between stocks, which had been quite high, cratered in October, these now-lower correlations provide an opportunity for stock-pickers to shine. As evidence, they showed the trend in what is called the Implied Correlations Index. For those interested, you can find a paper on the index here. Sullivan eventually asked his guests the question: will next year be a good year for stock-pickers? To continue reading, click here. By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations whatsoever by us regarding third-party Web sites. We are not responsible for the content, availability or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them. The opinions expressed by featured authors are their own and may not accurately reflect those of the BAM ALLIANCE. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice. © 2016, The BAM...
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