“Wealth Management”
Article provided and reprinted with permission by Lloyd Lee, PC. What is Equity Crowdfunding? Equity crowdfunding means raising capital from the crowd in exchange for equity in a company. The current SEC rules permit businesses to raise capital online from accredited investors only. However, once the SEC releases its new rules, small-to-medium sized businesses will soon [...]
Download the Practical Suggestions on Preparing Kids for College Source: Kindly provided by & re-posted with permission from the Whittier Trust Company, Investment & Wealth Management
Download a copy of Leadership Transitions in Family Foundations – Know Your Options! Source: Kindly provided by & re-posted with permission from the Whittier Trust Company, Investment & Wealth Management
As you’ve no doubt been following, global markets have been extremely volatile as the world attempts to pull itself out of the Great Recession. Leaders worldwide are pulling every lever possible in an attempt to stabilize their countries’ economies and instill investor confidence.
When life gives you lemons, make lemonade – so the saying goes. Hence, when the market gives you losses, avoid paying taxes. Taxes come in many shiny packages (income, sales, capital gains, property, estate, etc.), and while some are hard to avoid, others can be easily be minimized.
Whittier Trust’s quarterly economic commentary and a graph of the Standard & Poor’s 500 Index with annotations of significant events is attached below. The trends we have highlighted in our commentary include a first quarter economic growth of 1.9%, which was less than had been expected, a persistently high unemployment rate of 9.2%, and volatile, but essentially flat, second quarter stocks.
The US stock market was strong in the first quarter (Q1), returning 5.9% as measured by the Standard & Poor’s 500 Index. The Dow Jones Industrials did even better, earning 6.1%. Non-US stocks lagged, as the EAFE Index of developed countries gained 3.5% and emerging nations rose 2.2%. Bonds had very modest results due to rising interest rates. The Barclays Aggregate Bond Index returned 0.4%.
When Phil Clark* turned fifty, he took stock of the family-owned manufacturing business he had created and run for over 20 years, given that it had been more successful than he had ever imagined it would be.
As parents, we all want our children to grow up to be financially responsible and independent. Research studies have found that self-sufficiency – the ability to care for oneself – is a prerequisite for happiness and fulfillment in adulthood.
