When I told my partner Marshall that I was planning on writing an article on the wisdom of continuing to hold bonds in our client’s portfolios he suggested an excellent approach. Namely, should we plan for investing last year, or should we invest for this year, 2014, or should we plan to invest for the future.
Many Americans make contributions to Section 529 plans to help their children or grandchildren pay for a college education. The average balance in these plans today is a record $17,174 according to The College Savings Plans Network, and the total dollars is close to $200 billion.
In the mid-1990s, Norman Berk attended an investment lecture at an AICPA conference in which the concepts of modern portfolio theory and passive investing were explained. In a few words, passive investing means purchasing virtually all the companies comprising an asset class so that your portfolio encompasses the entire financial world.
At the end of February, the Dow Jones Industrial Average closed just shy of its all-time high. Less than a week later, the index fulfilled its promise, trading as high as 14,286.37 to break both its record close of 14,164.53, on Oct. 9, 2007, and its intraday high of 14,198.10, reached around the same time. The index closed at a new high of 14,253.77.
Published by: BCR Wealth
BCR Wealth partner Sandra Cleveland provided financial planning tips on today's edition of "Embracing Dementia." The radio program was featured on WQOH, a radio station of the Catholic network ETWN.
The team at Professional Asset Strategies, LLC has exciting news. To signify the contributions of Sandra Cleveland and Marshall Rathmell, they will be joining Norman Berk as principals of the firm, effective September 30, 2011.