For the last two months, I’ve been using ChatGPT in a wide variety of my daily tasks as a financial advisor, and I've found the tool to have real benefits. In this post, I share more than 40 sample prompts that financial advisors might find helpful.
With this weekend’s (March 11, 2023) news about bank failures, I’ve received more than a few questions. I thought I’d share my answers to some of the questions I'm getting.
The University of Michigan’s US Index of Consumer Sentiment is currently at the lowest reading the survey has ever recorded. It’s clear that folks are concerned. There is a good possibility this is good news.
Last week we reached "correction" territory as the stock markets touched losses of 11.7% year-to-date. Stock and bond market losses are stressful. Big declines might trigger one of the following responses: Fight, Flight, or Freeze. I use a different strategy: Rethink. This has led me to three conclusions.
Several years ago I took part in a webinar, Must-Have Tech Solutions for Your Firm!, where I shared information my firm and the technology I use to serve clients. This led me to sketch down the list of programs, apps and tools I’m using every day. Having these tools in my toolbox gives me an advantage in the quality of the recommendations I give to clients.
If I could only track one stock market measure, I would use the CAPE ratio. At the beginning of 2022, the CAPE ratio was roughly 50% above its 20-year average; this does not bode well for future stock market returns.
I’ve been a huge fan of Warren Buffett and his partner, Charlie Munger, for more than 25 years. For obvious reasons, the 2020 Berkshire Hathaway Shareholder meeting was available online. That meant I was able to hear from "Oracle of Omaha" while sitting in my home office. Unfortunately, my excitement was gone soon after the event started.
Soon after the invention of email came the invention of scam emails. Over the years, these emails have progressed way beyond the classic Nigerian Prince scam. Unfortunately, the coronavirus has opened the window to a host of new schemes. I share some tips to help keep your personal information personal.
There is no shortage of coverage of the COVID-19 pandemic. Sadly, I'm finding that most of the coverage is unhelpful finger-pointing and fear-mongering. I thought I'd share several articles that I've found helpful.
In the last several weeks, I’ve received more than a half dozen press requests asking: “How will the coronavirus affect investment portfolios?” Although very few clients have asked me this question directly, I thought I’d share my thoughts on this topic.
Many investors’ image of the stock market resembles an EKG where they believe the market is up, then down, then up, then down, etc. The reality is quite different.
As 2019 ended, President Trump signed into law The Setting Every Community Up for Retirement Enhancement Act of 2019. After reading many articles on the SECURE Act, I'm really upset about the long-term implications of the biggest change.