It is rare that I write a piece meant mostly for clients, but I think this is a good time to do so. My advice is simple: don’t freak out.
Wall Street Steward Blog
I’ve got a bit of a confession to make. I am horrible with remembering names. This is not a rare phenomenon, as many struggle with this same thing, but recently it has bothered me more so than usual.
I do not remember the last day where I didn’t hear at least one person call for a major stock market correction. Sometimes, it comes from normal, every day folks….and other times, it comes from so called “experts.”
In the month of July, we had a very minor stock market pullback. Nevertheless, it was enough to cause a bit of worry for conservative investors. What I am about to describe actually happened, but of course, I changed the name to protect the innocent.
My job is to be a good steward of my clients’ assets. Whether that means encouraging them to make a decision or exhorting them NOT to make a decision, it is all part of the gig.
“I only buy real estate because it is REAL.”
“They aren’t making any more land.”
“I can feel it, touch it, see it, so I know it has value.”
“People with real money buy real estate.”
I am flying to NYC this evening to ride in the “Ride to Montauk” cycling event. Each person who has asked me about this trip is both intrigued and confused. They are interested in the fact that the ride is 108 miles long, but at the same time wondering why someone would CHOOSE to suffer on a bicycle for 6+ hours.
OK, so about a year ago, I decided to get into cycling. I was in NY/NJ visiting a friend, and he showed me the bike he had purchased that was meant to be “for bigger guys.” I was hooked, but just didn’t know it yet.
According to a new Winthrop University survey, 40% of the retired people in SC are living below the level that they would like.
Many attorneys are doing a phenomenal job of scaring people into creating trusts. Truthfully, unless some unusual requests are to be made as part of your estate plan, very few people actually need trusts. If that is the case, then WHY do so many people have trust accounts as part of their estate plan?