Here’s an interesting article from the New York Times.
Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Based on the continuing market volatility, I thought that you might find market perspectives from various economists and portfolio managers employed by the Capital Group to be encouraging.
(Many of you will recognize the name of the Capital Group’s subsidiary – The American Funds.) Founded in Los Angeles, California in 1931, the Capital Group ranks among the world’s oldest and largest investment management organizations. It has more than $1.7 trillion in assets under management and has offices around the globe in the Americas, Asia, Australia and Europe. (Source: Wikipedia) Robert Lind, the company’s European economist says, “There is mounting evidence that near-term momentum is building in the global economy and the cycle appears to be self-sustaining, particularly with respect to Europe. The synchronization of global growth has raised the possibility that the cycle can be stronger for longer.”Read More
If you or anyone you know suffered losses from Hurricanes Harvey or Irma, check out Rev. Proc. 1018-09 for guidelines regarding the acceptable amount of loss you can take. The $10,000 cap for deducting state and local income taxes in 2018 is causing a flurry of activity. Many states are working to create ways around the cap.
Here is a provision in the new law getting very little “press”. I think it is very important and want to be sure you understand it. Under previous law, inflation was measured by the consumer price index for all urban consumers. This is called CPI-U.
This is being replaced with Chained CPI.
Here are the differences:
The result is that Chained CPI grows more slowly than CPI-U. This means that the eligibility for certain inflation-linked deductions and credits will grow more slowly in the future.
Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Chances are you know there is a sea change going on in the retail industry. But you may not realize how far and how fast the online tide is rising. Singularity University founder Peter Diamandis invites you to recall the powerful retail networks created by Sears, J.C. Penney and Macy’s. Since 2006, the stock value of Sears has fallen from $14.3 billion to $300 million—a 98% drop.
Over the same time period, JCPenney’s stock value fell from $18.1 billion to $1.2 billion (-94%) and Macy’s, worth $24.2 billion in 2006, is now worth $9.3 billion (a 62% drop). Less dramatic but still significant price declines can be found at Kohl’s (-54%), Nordstrom (-28%), Best Buy (25%) and Target (-20%). Diamandis notes that in 2017, over 6,700 physical stores closed their doors.Read More
While the title of the original article referenced for this blog is “How to Argue” and cites what I hope you will find to be interesting information, I also think the content is relevant to “How to Live”. If each of us would release the position of “Both sides are assuming that the other person is ignorant of the facts, and try to provide the facts they think are missing – to a person who believes he or she has superior facts, and therefore is not likely to be convinced”… and replace it with “We can always learn from one another”, our life perspective suddenly changes for the positive!
Here is the original article:Read More
How many times have you heard someone say, “I only wish I could find a reliable plumber/electrician/handy person/mechanic/painter…”
With the incredible obsession for everyone to get a four-year college degree, the United States has lost the honor which once anchored the apprentice program in our country. In other words, we need people who are great at “building and fixing things.”Read More
To understand this blog, you need to know what “VIX” stands for. VIX is the ticker symbol for the Chicago Board Options Exchange (CBOE) volatility index, which shows the market’s expectation of 30- day volatility.
As you know, your Resonate team consistently works hard to continue to earn your confidence and your business. Based on recent market volatility, I have been reading even more extensively than usual. I found this article by Trent Houston, product strategist at Lord Abbett to be particularly informative.
I hope that you do as well.