Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a great deal about financial principles. Others lack such knowledge and learn money lessons by paying, to reference William Blake, “the price of experience.
Broadly speaking, how much financial literacy do young people have today? At this writing, some of the most recent data appears in U.S. Bank’s 2016 Student and Personal Finance Study...
Friday, June 9 quietly marked an historic day in the financial services world. On that date, non-fiduciary financial advisors will now be required to forego any sales agenda and give advice that would benefit their clients or customers—or, if they decide otherwise, to explain how and why they intend to give advice that instead primarily benefits themselves and their brokerage company. So far, this rule only covers rollovers from a qualified plan like a 401(k) into an IRA,...
Q1 2017 provided the highest returns for large cap stocks since 2013. In addition, other asset classes performed well. The only two laggards were bonds which were barely up for the quarter and commodities which lost 5% after a good 2016. One has to wonder, are we at the late stages of a bull market or will we keep limping along in a low growth environment?
Let’s take a closer look. For those of you visually oriented, here’s a summary graph,...
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