Monthly Archives

May 2017

A Soldier’s Pledge

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Every Memorial Day, we as a nation stop to think about the courage and sacrifice shown by the men and women who have served our country. We visit the graves of family members who gave literally all that they had to defend our shores and uphold our freedom. And we remember the words of President Ronald Reagan, who said, “The price for freedom at times has been high, but we have never been unwilling to pay that price.”

I was reminded of those words recently when I came across a video that contained passages from Reagan’s First Inaugural Address. In his first speech as President, Reagan gave tribute to all the heroes who have paid freedom’s price. He highlighted one hero in particular by recounting the story of Martin Treptow, a young American who fought in World War I. Treptow never made it home from that awful conflict, but before he died, he made and lived a solemn pledge- a pledge to do everything within his power to serve our country. I feel that his pledge speaks for every man and woman who has ever worn a uniform. For every hero who never came home.

This Memorial Day, it’s worth taking a minute to read both Reagan and Treptow’s words. It’s worth a few minutes more to quietly ponder their meaning. Below is an excerpt from Reagan’s speech in which he quotes Treptow’s pledge. I hope that you find it as moving as I do. Read More

How to teach your kids about money

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At times I get asked, “Paul, what gift would you recommend I get my daughter or son?”As a parent and financial advisor, I can’t help but relate that question to my life. Aside from love, what’s the most meaningful gift I can give my daughter? Well, knowing what I know about money and finances, and that the reality that financial problems and stress plague 7 in 10 individuals, my gift suggestion is to teach your kids and grandkids about money. Studies have shown that parents have the greatest influence on their children’s financial habits, and now, more than ever, mothers and fathers are taking the primary role in educating kids about healthy money management.

“Most financial experts agree there is a need for financial discussions among families to avoid or soften potential future economic upheavals,” says Suzanne Poole, Executive Vice President, Retail Sales Strategy, TD Bank. “According to a recent financial literacy poll by TD Bank, only 50% of families report having weekly conversations with their children about finances, even though there are easy ways to incorporate tips about money in everyday conversation. Read More

Markets have a way of confounding your expectations…focus on what you can control

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Markets have a way of confounding your expectations. I have found that a better option is to stay broadly diversified and with some help, set an asset allocation that matches your own risk appetite, goals, and circumstances.  This has worked for me and our clients for many years.

Of course, this approach doesn’t stop you or anyone else from having or expressing an opinion about the future. We are all free to speculate about what might happen in the economy and markets. The danger comes when you base your investment strategy on such opinions. In the meantime, if you insist on following forecasts, here is a list of ten predictions you can count on coming true in 2017: Read More

Cyber Security: How to protect yourself

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Most of us have at one point, or maybe regularly, connected to public wireless networks at Wi-Fi hotspots such as airports, coffee shops, hotels, and other public places. Although convenient, many people may not be aware that they are often not secure. You are sharing the network with strangers, which could put you at risk of having your personal information stolen if you do not take certain precautions.

I came across a helpful some helpful information on this topic by the Federal Trade Commission, the nation’s consumer protection agency, which I thought I would pass on to you. The article, which I have included below, explains how to identify an encrypted website, public wireless networks, and tips to protect your information.

In general, should you receive emails that appear in any way unusual, include requests for personal data, seek financial payments, etc., STOP and BE AWARE that fraud may be underfoot.