With the world of financial technology (FinTech) ever changing, the landscape for how someone keeps a budget has never been more robust. In fact, some say it can be done in the palm of your hand... While some choose to stick with the traditional, manual method of tracking income and expenses — Yes, I’m talking about you, Excel — the vast number of mobile apps available make budgeting more accessible and automated than ever.
The year is half over and despite the stock market’s ups and downs, the total performance for the year is neither too good nor too bad. As of June 30th, U.S. markets were up, with the S&P 500 up 2.65% year to date. International stocks gave up some of last year’s gains, dropping roughly 5% year to date. And emerging markets, which had a stellar 2017 (being up 37%), gave back about 8% this year, primarily due to an appreciating dollar.
Over the years, Affiance Financial has worked hard to enhance our efficiency. But try as we might, we just can't seem to avoid the game of phone and email tag that occurs when trying to schedule a meeting. You are busy people. Finding room for us on your calendar isn't always easy. We get it. And we want to help.
Affiance Financial has long partnered with BestPrep, an organization that helps students build business, career, and financial literacy skills. Years ago, Principals Steve Lear and Andy Fishman helped start the organization’s Financial Matters program, which teaches high school students financial literacy skills.
Thank you to everyone who came to the event, we’re grateful for having such engaged and interested clients. As always, we value any feedback you might have, so please don’t hesitate to reach out to your advisor with any questions.
It may not have manifested itself as we would have liked, but believe it or not, spring has been upon us since the end of March. With spring, our minds always look toward the Masters, taxes, and spring cleaning. With the first two now in the rearview mirror, we finally have a chance to concentrate on the third. Time to clean out all of those files we have been hanging on to for far too long.
Everyone who owns a home or car has homeowners and automobile insurance coverage. If you own a boat or a motorcycle, you likely have a policy for those, too. But is that enough? Today, I’d like to introduce you to an insurance policy that often goes unnoticed, but can make a huge difference to a person’s financial security – the Umbrella policy.
A college education is the second-largest purchase most of us will ever make. Are you prepared to help the students in your life navigate this important investment?