An investment’s risk is usually defined as its standard deviation. The financial press and investment marketers cannot be faulted for defining risk as standard deviation. Reducing the concept to a single statistic makes it easy to understand. However, standard deviation expresses only one aspect of investment risk. It totally misses the more important human component: how you will behave in reaction to your wealth disintegrating in a crisis like the 2008 global financial meltdown. That’s what really matters in managing wealth strategically.
A 2023 Tax Break For Small Business Owners
A 2023 Tax Break For Small Business Owners
With a recession more likely following the banking crisis in March, small business owners and those starting new businesses receive some relief from this new tax break that became effective in 2023.
Retirement Planning Basics, And Tips For 2023
Retirement Planning Basics, And Tips For 2023
Investments in Individual Retirement Accounts (IRAs) and other retirement accounts qualified under Federal law for tax advantages are the main source of funding retirement in America. The retirement financial system that the United States has built over many decades is a partnership between the U.S. government and private sector and it is unique to our free-enterprise capitalist system. Far from perfect, it’s complex but offers opportunities to build wealth and support a standard of living that is the envy of most of the rest of the world.
Mixed Economic Signals And A Bank Failure
Mixed Economic Signals And A Bank Failure
The U.S. economy created 311,000 new jobs in February, exceeding expectations of 225,000, according to the Bureau of Labor Statistics. The unemployment rate edged upward to 3.6%, but remains just above its lowest point in decades.
We’re In The News: Prism Capital Management Launches New Website
Mount Vernon, WA, January 10, 2023
Prism Capital Management, a financial advisor in Mount Vernon, WA, is excited to announce the launch of their new website, PrismAdvisor.com. The financial world can be very complicated, and their website was designed to share resources and market updates with their perspective on some of the most popular financial issues.