Monthly Insights

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


Schedule Your Social Security Review Meeting Today!

Posted by on Friday, February 26th, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

Schedule Your Social Security Review Meeting Today!

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® Are you planning on Social Security making up a significant portion of your retirement income? If so, you’re in the same boat as almost half of Americans over the age of 50. (1) With a program that impacts the lives and finances of so many, you would think people would be more prepared to claim their benefits, but unfortunately, that’s not the case. Close to 63% of future retirees are not confident about how the program works, (2) and 92% don’t know how to maximize their Social Security payments. (3)...

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The Power of Compound Interest

Posted by on Tuesday, February 16th, 2021 in Investing, Monthly Insights, Personal Finance, Wealth Management | 0 comments

The Power of Compound Interest

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® Do you want to know the two most powerful words in the financial world? Compound interest. It’s not some flashy investment scheme or hidden secret only a few people know, but compound interest has changed how people build wealth and has actually made wealth-building more accessible for millions. The beauty of compound interest is that it’s a simple but mighty concept that takes your initial investment seed and grows it into what will eventually become your nest egg. Here’s how it works and how you can...

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February 2021 Monthly Insight – The Reddit Short Squeeze

Posted by on Monday, February 1st, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

“When it comes to luck, you make your own.” — Bruce Springsteen, American singer, songwriter, and musician Perhaps over the last few weeks you’ve come across financial news containing terms you don’t completely understand.  You may have seen words and phrases like GameStop, gme, short squeeze, Reddit, hedge funds, WalStreetBets, or even “up 700% in one week.”  You may be just as confused by “up 700%” as you are over what is a Reddit. Perhaps you also came across the confusing phrase “zombie companies.”  This refers to companies that earn just...

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A Personal Note to Start 2021

Posted by on Friday, January 8th, 2021 in Business, Monthly Insights | 0 comments

A Personal Note to Start 2021

By Lee Sherbakoff, CPA/PFS, CFP®, RICP®  The moment has arrived for us to finally leave 2020 behind. In addition to a global pandemic, the world experienced a number of other extraordinary events in 2020. Wildfires ravaged the globe from Australia to North America. Saturn and Jupiter aligned to create an iconic “Christmas Star” in December. And murder hornets somehow made their way from Asia to the United States. With all that occurred in perhaps one of the most tumultuous years in history, we are more than ready to say hello to 2021....

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January 2021 Monthly Insight – Two Lessons Learned

Posted by on Friday, January 1st, 2021 in Investing, Market and Economic Updates, Monthly Insights, Personal Finance, Retirement, Wealth Management | 0 comments

“The most important thing is to stay the course – not to get shaken out of the market during a difficult time” — John W. Rogers, Jr., investor, philanthropist, and founder of Ariel Capital Management Once in a great while, there comes a year during which the economy and the markets may serve as a tutorial—in effect, a master class in the principles of successful, long-term, goal-focused investing. Two thousand twenty was just such a year. On December 31, 2019, the Standard & Poor’s 500-Stock index closed at...

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