The economy may be growing slowly, but the auto industry is doing quite well, even when people are holding onto their vehicles longer and in the face of a possible workers’ strike.American automobile manufacturers are set to have a great...
Figuring out how to pass assets on to heirs is an integral part of the estate planning process. But it’s not always easy to determine the wisest path, given the many options available as well as changing tax laws.Beneficiary designations on...
Governments and banks are waging a long-term effort to wipe out cash, the folding kind that goes in your wallet.The pictures startle: Greeks lined up at ATM machines this summer to withdraw their daily ration of 60 euros per day, about $68 U...
As an entrepreneur, it’s up to you to bring in the money in your business. And as you know, it’s up to you to manage the money to help the business grow. It’s no different outside of your work with your personal finances. If...
Puerto Rico can’t repay its approximately $72 billion in debt. The situation illustrates how our investment approach works and is a cautionary tale for bond investors chasing yield and income.The island’s Governor Alejandro Garcia...
What should you do when your aging parents’ financial problems become your problems? This is one of the most ticklish and emotionally complex challenges I face as an advisor.We Americans are notoriously private about financial matters; it...
The Chinese government’s moves to push down its currency’s value and prop up its ailing stock market served one purpose: It told the world’s stock exchanges to panic, which they did in August.Imagine if free markets were allowed...
The national holiday we celebrate on Monday is a good time for reflection on why we work and what we derive from it. The answer should be that it gives your life energy and meaning. If it doesn’t, you should change that.Labor Day marks the...
Buying and selling a business, particularly a smaller one, rests on what its value is. Trouble is, some of the most widely used are very complex and end up wide of the mark. Based on sheer guesswork, these methods, particularly discounted cash...
What will inflation be in coming years? The real answer is that it varies according to your age and spending patterns. Inflation wallops someone with kids in college, and is hardly noticeable to stay-at-home types. Another consideration: Do you...
