September 20, 2021 I’m not sure I want to know what would happen if the world, the global economy, businesses, stock markets, governments, and everything just stopped growing, though I may find out. I’m not a growth zealot. I like growth, but I also know it ebbs and flows. But today, no growth means failure …
September 13, 2021 According to Gallup’s annual survey that ranks confidence in some of our most important institutions – including police, churches, labor unions, public schools, television stations, newspapers, and even Congress – Americans are less trustworthy. That may not be surprising. But the fact that it’s now a downward, multiyear trend is to me. …
September 7, 2021 President Biden hasn’t been able to pass many tax increases. We should all be happy. One tax benefit that remains (for now) is the continuation of the so-called “step up basis” when inheriting an asset. If repealed, the economic consequences would be disastrous. The step up in basis resets the cost basis …
August 23, 2021 Today’s market often elicits the acronym TINA – there is no alternative – as in there is no alternative to stocks if you want to make money. I don’t agree. Taking on immense risk isn’t everyone’s cup of tea. To such people, I say take solace, there are alternatives. Buying and holding …
August 16, 2021 According to Fidelity, a 65-year-old, opposite-gendered couple retiring this year can expect to spend $300,000 in healthcare and medical expenses throughout retirement. For single retirees, it’s $157,000 for women and $143,000 for men. That’s a lot of money, and it likely will increase. This year’s estimate marks a new high, up 30% …
August 9, 2021 The government keeps telling us the inflation is “transitory,” or temporary. But is it? The Commerce Department reported the consumer price index (CPI) jumped to an annualized rate of 5.4% in June, the highest level since August 2008. Core CPI, which doesn’t include food and energy, rose at an annual rate of …
August 2, 2021 The quest to tax private wealth experienced two recent victories. First, at the G7 meeting in England, world leaders (including President Biden) endorsed the creation of a new worldwide tax regime, starting with a 15% global minimum tax on all companies. Their goal is to eliminate the competitive dynamics that cause low-tax …
July 26, 2021 A group of 21 state governors, all Republicans, have decided to do something about labor woes. This group, which could grow larger, decided to stop participating in the federal government supplemental Unemployment Benefits Program, which provides an extra $300 a week to the jobless. The governors claim the payments disincentivized workers to …
July 19, 2021 There’s a threat coming for your portfolio – inflation. Inflation hampers those who live on savings and generate income from wealth. If you planned to earn a certain amount of money per year from investments, that same amount is now worth less. For years, when governments were printing money, low interest rates …
July 12, 2021 Maybe you’ve heard of modern monetary theory. Basically, it argues that developed nations with their own sovereign currencies should be able to print as much money as they want, and federal deficits, however large, should not matter. In other words, if you have your own currency, you can print as much fiat …
Andrew Wood, Dan Simon, and Alison Slezak are investment advisory representatives of and provides advisory services through CoreCap Advisors, LLC. Dan White & Associates, LLC and CoreCap Advisors, LLC are separate and unaffiliated entities. Logos as displayed herein are not intended to imply any endorsement by the owners of such logos of Dan White & Associates.
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