Depression’s Silver Lining

A lot of people are depressed these days: in 2015, one study showed that 6.7% of American adults suffered from a major depressive episode in the previous 12 months.  Meanwhile, an estimated 12% of Americans are taking antidepressants, which suggests that the study may have underestimated the problem.

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Real Crime vs. Imagined

Crime in America is totally out of control these days, right?  Every day you read about some new shooting, robbery, kidnapping etc., and the impression you get is that we live in an age where the streets aren’t safe and neither is your home.

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The Good and Bad of Millennial Finances

Millennial Americans saving their money at a higher rate than their Baby Boomer counterparts at a similar age.  Research from the Transamerica Center for Retirement Studies shows that nearly three-quarters of Millennials are saving for retirement at an earlier age than past generations.  Half are putting away 6% of their income or more—a statistic that makes Millennials the best cohort of savers since the Great Depression, despite having to carry record high levels of student loan debt.  Those who participate in their workplace retirement plans are saving 7% a year, on average.

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Greece’s Return to the Headlines

As you can see from the graph, the nation of Greece, once the subject of almost daily speculation about the viability of its government bonds, has pulled its economy out of a disaster into a muddle.  No doubt, you got tired of hearing about Grexit scenarios and all the times when the European Central Bank and the European Stability Mechanism came to the rescue.

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Not “If;” “When”

You’re starting to hear people talk about “if” there’s a bear market during the Trump Administration, when the real truth is they should be talking about “when.”  And it won’t necessarily be triggered by a poorly-worded tweet, a global-trade-stopping new tariff regime or tax and entitlement reform.  Every presidential cycle has its share of market drawdowns, seemingly regardless of presidential policies.

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Protecting Your Parents — Financially

People reach their peak decision-making abilities sometime in their 50s, and then decline slowly until after age 70, when the decline starts to take off more dramatically.  This helps explain why sweepstakes frauds, Nigerian investment schemes and other scams target seniors and retirees.

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How to Reset Your Portfolio (Regardless of What You Think of the Markets)

Over the last few weeks, professional financial planners have been fielding calls from clients who are asking the kinds of questions that every professional investor hates to hear.  The Dow has reached (and then fallen back below) 20,000.  Should I take money off the table?

My preferred candidate didn’t win the election, and I think the world is going to hell in a handbasket.  Don’t you think I should sell my stocks now before it’s too late?

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An Independent Fiduciary

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