Author Archives: Dieter Drews, JD

Mitigating Risk and Enhancing Financial Management

When it comes to managing your financial accounts, the concept of “putting all your eggs in one basket” might come to mind. However, consolidating your accounts at one custodian is not the same as risking everything on a single investment. In fact, this strategic move can offer numerous benefits, from simplifying financial oversight to improving risk management. In this article, we’ll delve into the reasons why consolidating accounts is a smart decision that can enhance your financial stability.

The Long-Term Investment Strategy

As your dedicated financial advisor, I’m here to guide you through the often-complex world of investments. When it comes to achieving your long-term financial goals, one key lesson stands out: don’t let short-term political noise sway your investment decisions. In this article, we’ll explore why politics shouldn’t be a major factor when you’re investing for the long term.

An Economy Goldilocks Would Definitely Live With

With the economy stronger than expected and inflation cooling fast, it’s a Goldilocks economy, and the outlook for 2024 is brightening.

The 12-month rate of inflation plunged again in June, as measured by the Consumer Price Index. CPI measures inflation based on prices of a fixed basket of monthly household expenses. The Headline 12-month rate of inflation – the rise in the cost of all the items in the fixed basket household expenses — declined to 3% from 4% in May. It was the second month in a row in which the 12-month rate of inflation declined a full percentage point.