I always thought that “unicorns” was the wrong name for fintechs that reached a billion dollar valuation. After all, unicorns do not exist (sorry kids) but such fintechs do. They are not mythical, but they are rare. What’s more, they seem to be getting rarer. We probably should have called…

Key News Asian equities were broadly higher overnight, though South Korea was closed for the Memorial Day holiday. Hong Kong and Mainland China gave back mid-morning gains to close lower, as the Hang Seng Index opened higher by +1.41%, but closed lower by -0.05%. The most important news overnight came…

Topline Just one day after levying charges against the world’s largest cryptocurrency exchange, the Securities and Exchange Commission filed suit against cryptocurrency giant Coinbase on Tuesday, alleging the popular U.S. trading platform has been operating an unregistered broker since at least 2019. Key Facts In a statement Tuesday, the SEC…

Scam victims often don’t know they are being swindled. Maybe they are trusting souls or just fall for a clever pitch. I’m not sure. Yet scams are on the rise as thieves find new ways to deceive people and take their money. A recent AARP survey found that “financial predators…

“I can’t wait to retire and live on the beach!” In the last thirty years of being a practicing financial planner, I’ve heard some version of this sentiment more times than I can count. It may sound like a throwaway statement or a pie-in-the-sky type dream, but the fact of…

U.S. taxpayers living and working abroad must file their 2022 tax returns by June 15. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. A taxpayer qualifies for the June 15 filing deadline if: (1) Both their tax home and abode are outside…

In our Annual Outlook for 2023, we raised the possibility that the US economy could potentially avert recession in 2023, powered by full employment and robust consumer spending. Thus far, with roughly a month left in the 2nd quarter, the US economy has proven itself surprisingly resilient, with GDP growth…

In February of 2022, real estate developer M. Patrick Carroll relocated his company Carroll to Florida and purchased a brand new Miami Beach estate for $16350000. This incredible home was designed from the ground up by legendary architect and designer, Achille Salvagni. Completed in 2020, the home is truly a…

Fewer Americans are moving these days, but among those that are, more are looking to new cities to find a bargain, a recent Redfin survey said. Roughly 25% of home searchers looked to relocate to a new metro in the first quarter, according to the survey. That’s an increase from 22.8%…

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