Cover and move is critical to a well-maneuvered military operation. Cover and move means teamwork. One member of the team lays down cover fire. This cover fire puts the enemy on the defensive, allowing the other person to move. Next, the roles are reversed: the person who moved lays down cover fire while the other teammate moves towards the objective. Fortunately, this lesson applies beyond the battlefield. Every financial decision is a conflict. Take an aggressive stance and apply this law of combat to your everyday finances! Below is a graphic on how to cover and move at every stage […]
…and useful advice too!
Economist Justin Wolfers, who has a PhD from Harvard, published an article in the New York Times on September 30th called “Debate Night Message: The Markets are Afraid of Donald Trump”. I quote the article’s first two sentences: Political leaning aside, let’s breakdown this argument. The article proceeds to tell us that “decoding markets is no easy task”, the process used “close analysis of financial markets during Monday’s debate” and cited specific examples of what Trump said versus how the market on a whole reacted to it. Wolfers also cited his conjoined research with two other well-respected economists at venerated […]
You probably need life insurance if you: Are the primary breadwinner and need protection for your family against the loss of your income Have family members who would be responsible for your debts Have expenses that you need or would like for your estate to cover (examples: estate taxes, funeral costs, unique costs like children’s or grandchildren’s schooling, etc…) Have debts that would eat up assets you would like to pass on to family or loved ones The type of life insurance you buy is contingent on your particular circumstances and needs. That being said, most people only need a […]
Puerto Rico has a population close to Connecticut’s, with land area twice the size of Long Island’s, and a GDP near that of Mississippi. The country also has more debt than any other state in the US at over $70 billion, with the exception of New York and California. I’m not going to spend this memo discussing mundane investment cycles or economic conditions, but rather supply some perspective on the situation and what we can learn from it, not only in our investment portfolios, but also in our overall decision making. Puerto Rico is a colony in a post-colonial world […]