September 7, 2017

Why Does the Market Not Take a Hit When Natural Disasters Happen?

Growing up in a small coastal city of Southern Georgia taught me to never underestimate hurricanes. They are not just something you see on TV; they are actual monsters to fear. Riding out a storm was never an option with my parents. The sheer magnitude of devastation they leave in their wake quickly brings you to your knees. My heart aches for those preparing to overcome Hurricane Harvey in Houston. Not only that one but Hurricane Irma, which is barreling directly toward South Florida. What damage will be left in the wake of her landfall for those residents is yet to be determined.
September 4, 2017
labor day

Labor Day Points to Ponder for Success

As a financial planner in Knoxville, Tennessee, I knew the first Monday in September didn’t bring just Labor Day, it also meant Boomsday. For 28 years in our quaint little city nestled at the foot of the Smoky Mountains, fireworks burst in the air along the banks of the Tennessee River. While the rest of the country eagerly awaited a three-day weekend, Knoxvillans and those in surrounding towns anticipated the massive fireworks display that many considered the unofficial kickoff to fall. Now that the smoke has cleared and Boomsday has since met its demise, Labor Day in our East Tennessee home still conjures up excitement and emotions of gratitude. The annual holiday pays tribute to the contributions employees across the nation make to strengthening our country each and every day. The History of Labor Day For more than 120 years, hard-working Americans have celebrated the holiday thanks to the labor […]
July 4, 2017

The Broker that Helped Free the Colonies

Today as we celebrate our independence, it’s easy to think of those founding fathers, like Franklin, Washington, Jefferson, or Hancock, that we attribute so much of our country’s success to. However, there’s one name you probably haven’t ever heard of, yet his role in our freedom was instrumental in so many ways, Haym Salomon. He is the broker that helped free the colonies. His contribution included making sure the Continental Army received the necessary financing to keep going during the American Revolution. Not only did he keep the money rolling in to prevent them from throwing in the towel, but he also helped found the country’s first national bank, the Bank of North America. Born in Poland in 1740, Salomon a Sephardic Jew, traveled through Western Europe learning the ins and outs of banking and financing. Eventually, he immigrated to the colonies, just prior to the Revolution, landing in New […]
November 16, 2016

How the Presidential Election May Affect the Economy

The 2016 presidential election has been a roller coaster unlike any other in recent memory. Amidst the drama, you wonder how the outcome of the presidential election may affect the economy and your financial future. You’re not alone In a recent Bankrate poll, 61% of Americans said they think the election is the greatest threat to our economy over the next six months. That number is more than double the number of people concerned about terrorism, struggling overseas economies, and stock market decline — combined. We recognize that you and other people may be concerned or confused, so we wanted to share some perspective and historical information to help you better understand where we stand. Of course, no one can predict the future. But, we think that by looking back, you will gain a better view of what may be on the horizon. What does history tell us about presidential […]
June 28, 2016

The Brexit Effect — Financially Simple

With all the uproar lately of Brexit, your thoughts may have turned to wondering just how much your portfolio would be affected? As with most major world events, the stock market reacted to U.K. vote to leave the European Union by dropping; the Dow came in 3.4% of it’s value and the S&P lost 3.6% when the announcement came on June 24th. Just like any other time the markets react negatively, you have a couple of options on what to do next. Nothing The old adage, “Silence is golden” is a perfect metaphor for when the market turns on you in an unfavorable manner. Sometimes it’s wise to say nothing or in this case, do nothing. Thinking the best thing to do is pull your money and run? Not so fast; the more likely scenario is that you’ll end up regretting it. History shows those that panic during market downturns end up with […]
May 13, 2016
My Emotions and Investing

Negative Interest Rates: What They Mean for You

Most Americans can agree the economy has taken an upward turn since the economic disaster that befell the country a few years back causing the housing market to go belly up. However, we all know the roller coaster our economy is and with growth likely to slow at some point in the future, however near or far, what can we expect to see to help cushion the downturn this time? Lately, there’s been some chatter about the Federal Reserve digging into the financial toolbox and using what is known as negative interest rates. What exactly is that and what will it mean for your portfolio? Let’s take a look. First of all, you have to understand that the Fed acts a central bank, meaning they are a national bank that holds accounts for commercial banks. In that last few years, globally, several countries have turned to negative interest rates to […]