For decades, central banks have cut interest rates to spark economic growth in troubled times. But more recently, when even extremely low or zero rates couldn’t boost economies in the eurozone, Switzerland, Sweden, Denmark, or Japan, central banks took an even more dramatic step and imposed negative interest rate policy (NIRP). When rates go negative, it
Portfolio management is the term used to describe the ongoing maintenance and attention that your investments should receive. It includes reviewing your asset allocation, adding new money and putting it to work, and reinvesting dividends. Most importantly, portfolio management is also about managing risk.
Everyone makes mistakes when it comes to investing and investment strategy, especially when reviewing a track record over a long term period of time. However, some mistakes can be worse than others. Whether you are just beginning to invest for your future or you have been investing for many years, the possibility and risk that your strategy may not pan out always exists. Being able to maximize your returns means being able to recognize what you should and shouldn’t do with your investments and savings. Here are the most common pitfalls and errors that investors should be cognizant of and how to avoid them.
You may have heard the familiar mantra of financial professionals and pundits over the years and throughout market turmoil. Stay focused on the long-term. Don’t make trades based on emotions. Turn off the news and tune out the noise. Staying invested and holding your positions, even in the face of a sharp decline in the
When it comes to economic issues, there are usually some signs that we can look to as an indication of what we can expect for the year ahead.
January not only marks the start of a new year, but also the beginning of Financial Wellness Month. January has always been a time for new beginnings and setting goals. And what better time for high net worth individuals to pause to reassess your financial plan?
Technology continues to evolve and change all aspects of our lives—from advances in healthcare that help people live longer, to the imminent arrival of the self-driving car that we often hear about. When it comes to personal finance and investing, robo-advisors, which use algorithms and software to provide automated portfolio management services, and the role that they are filling in the market place is just getting started.
Judy had always enjoyed a relatively stable financial position throughout most of her life. After a successful career as an attorney working in her own private practice, Judy managed to pay off the mortgage on her home and for the most part was completely debt free. Excluding the value of her home, her net worth
Even in the face of the continuing bull market that we have enjoyed since 2008, high-net-worth investors are seeking alternative investments to protect and hedge their portfolios and other investments, according to a recent survey from Millennium Trust Company, an institutional custodian headquartered in Oak Brook, IL.
With the holiday season officially upon us, many of you are probably looking for a gift that could make a difference for a loved one or wondering what you can do to help your community. A monetary gift is a great way to help a family member or friend, or aid a charitable organization in achieving a goal. But before you open your checkbook, it’s important to keep in mind how gifting can fit into your larger financial plan.
