Monthly Insights

"Ideas shape the course of history." -John Maynard Keynes


The Cost of Long-Term Care

Posted by on Monday, May 2nd, 2022 in Monthly Insights | 0 comments

“Not all of us can do great things.  But we can do small things with great love.” Mother Teresa – Catholic Saint For many people, it is difficult to think about the possibility of needing long-term care.  According to a recent study by the U.S. Department of Health, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their remaining years.  When it comes to planning a safe and secure retirement, long-term care remains a confusing and unaddressed challenge to many people’s financial...

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Rationality Under Uncertainty

Posted by on Friday, April 1st, 2022 in Monthly Insights | 0 comments

“I take the market-efficiency hypothesis to be the simple statement that security prices fully reflect all available information.” Eugene F. Fama – University of Chicago Economist and Nobel laureate Ukraine Invasion On the evening of February 24, 2022, the world watched as Russia invaded its neighboring country, Ukraine.  The invasion, considered the largest conventional military attack in Europe since World War II, has devastated several Ukrainian cities and caused a humanitarian crisis, as more than 4.2 million Ukrainians have fled the...

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Why I Became a Financial Advisor

Posted by on Monday, March 28th, 2022 in Monthly Insights, Personal Finance | 0 comments

Why I Became a Financial Advisor

By Caroline M. Friedrich, CPA, CFP® Have you ever wondered why I am passionate about developing holistic financial plans for my clients? Watch my video below to get to know my story. If you want to work with a goal-focused, planning-driven advisor who strives to help you maintain your lifestyle and independence through retirement, reach out to schedule an introductory meeting! About Caroline Caroline Murphy Friedrich is a financial advisor with The Nalls Sherbakoff Group, LLC, an independent, fee-only financial planning and investment...

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Deep and Wide – March Monthly Insight

Posted by on Thursday, March 3rd, 2022 in Estate Planning, Investing, Market and Economic Updates, Monthly Insights | 0 comments

“To reduce risk, it is necessary to avoid a portfolio whose securities are all highly correlated with each other.” Harry Markowitz – American economist Given the past 3 years of S&P 500 returns (31% in 2019, 18% in 2020, and 29% in 2021), many investors may be suffering from “recency bias.”  The term recency bias refers to the tendency to place too much emphasis on recent events.  For example, you may be inclined to chase last year’s winner by moving a larger percentage of your portfolio to the asset class that had the best performance in...

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5 Common Bitcoin Questions

Posted by on Monday, February 7th, 2022 in Investing, Monthly Insights | 0 comments

“Bitcoin is like anything else: it’s worth what people are willing to pay for it.”Stanley Druckenmiller – American investor, hedge fund manager, and philanthropist Cryptocurrency gained mainstream acceptance and attention as the market cap surpassed $3 trillion in November 2021.  Bitcoin, the world’s most popular cryptocurrency, reached all-time highs in 2021 as the value exceeded over $65,000 per coin.  In January 2022, Bitcoin dropped about 50% from its all-time-high, which is not unusual for the cryptocurrency market.  Despite the...

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