In 2013, after a rapid climb to glory, the world of cryptocurrency was rocked by its first major downturn. The internet lit up with chatter from largely millennial investors trying to decide what to do with their newfound, but rapidly shrinking wealth. On December 18th, in the midst of the social media back-and-forth, a poster…
When asked what the greatest risk to investors is, I usually answer, “Themselves.” Whether it be greed, fear or impatience, humans are very creative at finding ways of sabotaging a good financial plan. Let me begin this discussion in my youth when I decided to join a high school debate team. My first assignment was…
One form of financial fraud that is particularly painful to discuss is advisor fraud. What if the financial advisor you have trusted, turns out to be the one stealing from you? I regularly track the SARS (Suspicious Activity Report) issued by the banking industry through the Consumer Protection Bureau. A recent report found that 25%…
Flight instructors often remind new students that take-offs are optional, but landings are mandatory. This axiom reminds pilots to think carefully before they push that throttle forward to head down the runway. Once in the air, the most difficult part of flight is usually the landing. At any other time, the plane can be very…