Wealth and Wisdom: Week of March 15, 2021
The financial markets are processing three new developments right now:
- Rising interest rates, which are a byproduct of a strengthening economy;
- The specter of higher inflation, the potential byproduct of more fiscal stimulus;
- And a performance rotation from growth stocks – notably technology – into value stocks.
Investors are trying to figure out whether these are temporary events or the beginning of long-term trends, and stock prices have reflected that uncertainty of late.
Here’s what we do know: I’ll be on KMOX for the next two Sundays – March 21 and 28 – from 3 to 5 p.m. (following the Cardinals game on March 28). I hope you can join me.
Spring starts this coming Saturday. Have a great week!
A pandemic silver lining
Americans paid off credit card debt in 2020 like never before. (Reading time: 3 minutes)
Doctors hit hard financially
While hospitals were filling up with coronavirus patients, doctor and dentist offices saw big drop-offs in appointments – and revenues. (Reading time: 7 minutes)
It’s been tougher on women, too
Nearly three-quarters say the pandemic has thrown them farther behind in their retirement goals. (Reading time: 4 minutes)
Take your financial life to the next level
Here are 15 tips for helping you get past whatever is holding you back. (Reading time: 8 minutes)
Are you saving through a Roth 401(k) at work?
Most people aren’t – and they could be passing up a much nicer retirement as a result. (Reading time: 4 minutes)
Marginal vs. effective tax rates
One is better for budgeting, the other for tax planning. Here’s the difference. (Reading time: 3 minutes)
Getting your money’s worth on insurance
How to protect your life, health, car, home, and income – without overpaying. (Reading time: 5 minutes)
We’ll all get to travel again, someday
It’s not too early to start planning – and saving – for your next vacation overseas. (Reading time: 5 minutes)
What to do with unwanted gift cards
Use them, sell them, or donate them to charity – just don’t forget about them. (Reading time: 4 minutes)
Mike’s Pro Tip of the Week
Use a budget calendar – on paper or electronically – to make sure you pay bills on schedule and track your income. It will help you avoid late payments and help you stop living paycheck-to-paycheck.
Words To The Wise
“There are two theories to arguing with a woman. Neither works.”
Will Rogers
Neither The Mike Brown Financial Group nor its employees provide tax and legal advice. Please consult your tax and legal advisors regarding your personal circumstances.
Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Mike Brown Financial Group is not a registered broker/dealer and is independent of Raymond James Financial Services.