With the massive rise in Air-bnb and similar services of the last decade, many more people are dipping their toe in the rental property market. Is this specific to vacation rentals or can any rental property be the right investment tool?
Well, compound interest is like a really great sourdough starter. The initial amount is like what you put in, and the beautiful effervescent bubbles that come with time is how the interest works for you over time. Perhaps this baking analogy falls a little flat (sorry, I had to). In that case, let’s consider the following few examples of compounding interest, and why it’s still better late than never to utilize it.
Yes - it was hard to watch the value your 401k amassed over the last decade plummet. But now is the time to stay the course, keep your emotions in check and remember that the best market days usually follow the absolute worst. [Read More]
Monday, March 16, 2020, ended up being the second worst day in the 124 year history of the markets, based on the percentage decreases of around 10-12%. The worst day in stock market history was October 19, 1987 where the market dropped by over 22% in one day. While yesterday was a very small loss compared to that disturbing day in 1987, it was still a day that most of us will remember for a very long time.
With the coronavirus originating in December, 2019 we currently stand at about 110,000 cases of coronavirus spread over 95 countries and nearly 4,000 deaths. The most important role the team here at Custom Wealth Management can serve for you during this time is to consistently provide you with any information and support to ensure you stay on track with your finances.
In recent days, we have seen a sell off in the global equity markets fueled by the recent spike in new coronavirus, now referred to as COCID-19, cases outside of China. During these times we like to step back, survey the landscape and evaluate those things we know about the situation as well as those things we don’t know...[Read More]
