Financial Planning, Risk Management

Is it Time to Buy Airlines, Cruise Lines, and Casinos?

I’ve had friends, family, and clients inquire about buying specific companies and sectors after the massive drawdowns due to COVID-19. The theme seems to be airlines, cruise lines, and casinos. Three of the biggest airlines are down between 50 and 60 percent YTD. The three largest cruise lines are down between 65 and 80 percent.… Continue reading Is it Time to Buy Airlines, Cruise Lines, and Casinos?

Financial Planning, Risk Management

What You Should Do When Markets Are Volatile

Any time there is market volatility or economic uncertainty, investor fear starts to rise. It seems no matter where you look, a news outlet is telling you "it’s the worst day since X,” or "we’re witnessing the largest weekly drop since Y.” The problem is, while these outlets are creating fear and/or concern, they generally… Continue reading What You Should Do When Markets Are Volatile

Financial Planning, Risk Management, Tax Planning

Focus on What You Can Control

$1,000 vs $100,000 Decisions Mitch Custenborder wrote an article about $1,000 vs $100,000 decisions. Mostinvestors want to see big returns, and who can blame them? However, I’d argue that is a $1,000 concern. The $100,000 thought would be “What return do I need”. Instead of focusing on returns and market movements that you and your… Continue reading Focus on What You Can Control

Financial Planning, Risk Management, Tax Planning

Maximizing Your Employee Stock Options

Only 16 percent of companies still offer traditional pensions.  Every few years negotiations take place between these companies and the unions over benefits. The negotiations can drag on for months and can lead strikes.  While the number of pension plans are deteriorating, the number of employee stock options plans are on the rise.   For those… Continue reading Maximizing Your Employee Stock Options

Financial Planning, Risk Management, Tax Planning

When is it Time to Hire a Financial Planner

Personal finance is no different than fitness and weight loss.  Google yields 787,000,000 results in .75 seconds for “How do I lose weight”.  Knowing what source is accurate, trustworthy, and right for you is a challenge.  A good financial planner, like a good dietitian or fitness instructor, will start by taking inventory of where you… Continue reading When is it Time to Hire a Financial Planner