Increasingly in the US, it’s becoming more socially acceptable—perhaps even fashionable—to be anti-wealth and anti-capitalism. Even identifying as a socialist is no longer the dominion of the far left but is gaining popularity. Interestingly, the meanings I see thrown about for socialism and capitalism rarely agree with the traditional definitions.
Apr 17, 2019 @ 9:00 pm By InvestmentNews Six firms received InvestmentNews Innovation Awards Wednesday night for their creative and effective approaches to helping advisers run better businesses, improve client outcomes and tackle other planning industry challenges.The winners were chosen out of a group of 19 finalists by an advisory board made of up of InvestmentNews’ Icons and Innovator honorees from 2016 and 2017. […]
Frugality is a valuable financial habit. It’s the number-one common denominator among people I know who are wealth builders. This makes sense, since no matter how much you make or what you may invest in, you’ve got to be able to live on less than you make in order to have money to invest. In […]
Democratic Presidential candidate and Massachusetts Senator Elizabeth Warren is proposing a federal wealth tax. It would impose annual taxes of 2% on those with household wealth—net worth, not income—of over $50 million and 3% on those with over $1 billion. Almost every person who owns a house, commercial building, or investment property pays property taxes […]
If you pay much attention to financial news, you may have noticed some recent dramatic headlines warning of an upcoming recession. What triggered the warnings was something called the “inverted yield curve.” To explain that term, it helps to understand bond markets.