Americans are Betting on Sports and Stocks in Record Numbers

Despite nearly 62% of Americans living paycheck to paycheck, a record 68 million Americans found a way to bet on this year’s Super Bowl matchup between the Kansas City Chiefs and San Francisco 49ers. GeoComply, a global leader in advanced anti-fraud and geolocation compliance technologies for the last several years, has tracked geolocation checks during … Read more

2023 Q4 Investment Commentary

2023 Defies Predictions 2023 began the year with most economists predicting the economy would fall into a recession and the majority of investment strategists expecting stock markets to struggle. Defying these pessimistic forecasts, the economy grew at a 2.6% real rate (6% in nominal terms) and the S&P 500 earned a total return of 26%. … Read more

Tax Saving Strategy for Business Owners

Key Takeaways: You can save a lot in taxes by strategically planning charitable contributions before selling your business, resulting in substantial tax savings and increased charitable contributions. Donating a portion of the business to a charitable account requires careful planning and engagement with wealth managers, CPAs, and attorneys. The timing, analysis, and valuation involved make … Read more

2023 Q3 Investment Commentary

Several trends changed course in the third quarter as both stocks and bonds fell a er rising in the first half of 2023. The reversal reflected concerns about rising rates, Fitch’s downgrade of US Government debt, and the narrow avoidance of a government shutdown. Despite the negative quarter, signs in the economy are positive. The … Read more

Unraveling the Stocks vs. Bonds Debate

Tax Efficiency and Investment Gains: Unraveling the Stocks vs. Bonds Debate Key takeaways: Equity Risk Premium: The equity risk premium, ranging from 3.5% to 5.5%, represents the extra return expected from stocks due to their risk compared to safer investments. When combined with the 5% return from Treasury Bills, it suggests stocks may provide around … Read more

Generational Views on Financial Security: Survey Unveils Varied Perspectives recently shared the results of a survey they conducted and the results drew our attention. When asked, “What annual income would you need to feel financially secure/comfortable?” Bankrate reports the following: Gen Xers (1965-1980) felt they would need $273,000 per year Baby Boomers (1946-1964) thought $240,000 would suffice Interestingly, Millennials (1981-1996) agreed upon $224,000 … Read more

Debt Downgrade Explained

On August 1st, the credit rating agency Fitch downgraded the sovereign debt of the United States from AAA to AA+. Fitch is one of three credit rating agencies that also includes Moody’s and Standard and Poor’s. In some respects, downgrading debt issued by the U.S. Treasury is total nonsense, but in other ways, it is … Read more

Quarterly Investment Letter – Q2 2023

It is remarkable how consistent total returns have been for the U.S. stock market over the long term. For the last 5, 10, and 15 years the returns have been 11.2%, 12.2%, and 10.6%, respectively. During those periods, our country has experienced a generational financial crisis, a pandemic, multiple wars, inflation spikes, energy crises, terrorism, … Read more