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Whether you are tailgating on campus or enjoying the game at home, Rebecca Lang has a winning dessert for ALL—Coca-Cola® Cake! Coca-Cola® Cake Makes: 12 servings Ingredients 1 cup Coca-Cola® soft drink ½ cup whole buttermilk ¾ cup unsalted butter, softened 1½ cups granulated sugar 2 large eggs, lightly beaten 1 tsp vanilla extract 2…
The Joy Factor An essential part of the job, joy is an overlooked and underrated aspect of wealth management. Advisors catering to high-net-worth individuals and families swim in a sea of portfolio managers, alternative investments, tax mitigation strategies, and an endless supply of analytics. After performance, our job is to seek and deliver joy. The…
Lessons on wealth management from a rock and roll star? Really? If the rock and roll star is Bruce Springsteen, the answer is a resounding yes. Nearly 60 years into his career, Springsteen and compadres the E Street Band recently embarked on yet another sold out world tour, this one expected to last at least…
Merry Christmas and Happy Holidays! We hope all of you are enjoying the season and spending quality time with friends and family. Unfortunately, the holiday season that brings so much joy also brings much fraud. We’ve recently seen it firsthand and want you to be on high alert. Please consider the following: 1. Treat emergency…
“Do You Remember / Never a Cloudy Day / Yow.” Raise a virtual hand if you remember long lines at the gas station and 18% mortgage rates. Turn up the heat in the house? Put on another layer! Milk prices spiking 30%? Use water for your hot chocolate! No ham – it’s a bologna sandwich…
With all the concerns about inflation, rising rates, and labor shortages, this quote by Liz Taylor seems particularly relevant – assuming that drink is a strong cup of coffee. And the lipstick reference brings to mind the investment reference to the “lipstick effect.” The investment industry is full of witty quips that define the movement…
The inflation train has left the station. Nobody’s even revisiting whether it’s transitory or not. BUT WHERE is the next stop – and at what elevation? Each month brings a new round of debates. Now that the Inflation Reduction Act of 2022 has officially been passed and signed into law, let’s examine the highlights of…
Returns are consistent over time. As of year-end 2021, the S&P 500 returned 10.5% per year going back to 1929 (the start of the Great Depression), 10.7% return per year gong back to 1957, and 11.2% per year from 1972. It pays to stay the course.
Let’s keep 2022 in context. We are experiencing a bear market (decline of 20% off recent high), which historically occurs every 3.5 years. Over the past 15 years, government intervention has disrupted the normal frequency. History teaches us the economy is cyclical; bear markets are a natural part of the cycle.
History teaches us that bull market gains are 11x greater than bear market losses. Since 1929, the average bull market lasts 32 months and returns roughly 400%. In contrast, the average bear market lasts 14 months and drops an average of 36%.