On September 1, 2023, the Worcester Art Museum announced the transfer of ownership of a cherished bronze bust of a daughter of the Roman Emperor Marcus Aurelius to the Manhattan DA’s office[1]. This valuable artwork is just one of the 24 pieces that were seized from other museums and private…

Couples with a significant age gap may have already faced several challenges in their relationship, and retirement planning is another potential challenge – but it doesn’t need to be as complicated as you think. If one of you is at the height of your career while the other is winding…

Only one asset class has an average occupancy of 92% and outperformed other asset classes in 2021, self-storage. Self-storage can be a viable option for those looking for alternative investment opportunities. Self-storage can provide passive income, inflation protection (rates can change daily), and less tenant stress. Self-storage used to be…

The rate of inflation has improved significantly from its peak, but wage growth remains the primary threat to allowing the Federal Reserve to end its hiking of short-term yields. Thus, last Friday’s jobs report is crucial to the outlook for monetary policy and the economy. On the surface, the rapid…

The Fed can take interest rates lower any time it wants to but the price of oil is up to the whims of world markets, many of which don’t care about the Fed’s problems. So, for all the talk about an inflation target of 2% or 3% and what officials…

While you already may be aware of Albert Einstein and his Theory of Relativity, it’s worth a refresher before we discuss the theory of financial relativity. There’s a famous example of his theory using a train. Imagine that you are playing ping pong on a train and the train is…

About a year ago, I got a call from an old college friend whose aunt had just won the Powerball jackpot. He was looking for a wealth management firm to help his aunt, and he knew that my firm specializes in assisting ultra-high-net-worth families. While my first thought was how…

These 4 stocks are not widely mentioned in the financial media and it’s unlikely you’ll find them listed as components of any Cathie Woods portfolios. Unlike owning Tesla TSLA or NVIDIA NVDA DIA , the likelihood of anyone bragging at cocktail parties about owning these is very low. Value stocks…

On August 25, 2023, the U.S. Department of the Treasury and the IRS released proposed regulations on reporting by brokers for sales or exchanges of digital assets. The proposed regulations aim to align tax reporting on digital assets with tax reporting on other financial assets. The regulations cover a range…

The Federal Reserve Chair’s speeches at the annual Jackson Hole meeting have often been used to convey a change in message or policy from the central bank. This year’s address from Chair Powell did not seem to break any new ground, but it provided some clues as to how the…