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The Economy

Your Biggest Holiday Expense Could Be a Hidden Cost

Consider your Christmas shopping list. What was the most expensive single item on it? That special gift for your partner? The latest electronic gizmo for your teenager? Your family’s holiday travel? Certainly, with inflation hitting a 40-year high, all these items...

It’s a Good Year to Celebrate Like Scrooge

With all the supply chain chaos, inflation, and uncertainty in the economy, this year is a perfect time to celebrate Christmas in the manner of Ebenezer Scrooge. If you’re superficially familiar with Dickens’s A Christmas Carol, the first thought that may come to mind...

Can You Election-Proof Your Retirement Portfolio?

In two recent columns, I suggested that consuming a politically unbalanced media diet could negatively affect your long-term investment returns. The more strongly people buy into the rhetoric of their political parties, the more difficult it is to be pragmatic about...

Biased Media Diet Can Harm Your Financial Health

Part of supporting my clients’ financial wellbeing requires that I have a good grasp of current world economic, political, and financial events and how they apply to my clients personally and individually. It’s also important as a financial therapist to understand and...

Should You Be Afraid of a Bear Market?

“The Bear is coming! The Bear is coming!” Indeed it is. Should you be worried? No, if you have heeded my advice and diversified your portfolio and set aside a cash reserve. You can actually stop reading now. For everyone else, the answer is “probably...

Covid’s Long-term Impact on Your Money Health

Two years ago, writing at the outset of the pandemic, I cited a March 2020 New York Times column by David Brooks, “Pandemics Kill Compassion, Too.” He warned that, historically, pandemics, unlike other disasters which bring communities and nations...