What if someone told you that you had an equal chance of quadrupling your money or of losing four times as much as your bet at the casino? This is essentially the bet that investors will make using two new leveraged exchange-traded funds (ETFs) appro...
Owning a dental practice can be very lucrative, but achieving financial success is not an easy road for dentists.
Financial conversations with your aging parents are not easy but they are necessary. There may be hesitation on the part of both parents and their adult children to have conversations about money. However, in the end, these conversations are invariab...
Asset Allocation Strategies for Retirement Planning
The final years leading up to your retirement are critical from a financial planning perspective. During the last five to seven years of pre-retirement and the first few years of retirement itself, you will likely need to make subtle shifts in your r...
Chasing Performance When Choosing Mutual Funds Can Be A Big Mistake
One of the most common investing mistakes is known as “chasing performance.” This occurs when investors base their buy and sell decisions primarily on how a mutual fund or asset class has performed during a previous short-term time period, such as la...
European Central Bank introduces negative interest rates
This morning, the European Central Bank (ECB) introduced negative deposit rates and also cut its main refinancing rate to 0.00%. What this means is that European banks will have to pay the ECB 0.4% of any deposits that they hold with the central bank...
Protect Your Retirement Savings: How to Verify Your Financial Advisor can be Trusted
Last week I watched the two-part TV series, Madoff. The made-for-TV movie chronicles the exploits and downfall of notorious white collar criminal, Bernie Madoff, the manager of the multi-billion dollar hedge fund. Except that it wasn’t a hedge fund—i...