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Advisor Insights: For the Young Investor Getting Started

by | Aug 30, 2018 | Uncategorized

by Donald Gould

The question below was posed to Don Gould through Investopedia’s Advisor Insights program. Investopedia.com is a leading provider of online financial educational content and their Advisor Insights program allows investors to post questions to top advisors on a variety of personal finance and investing topics. We will periodically post Don’s responses to some of these questions when we feel they are helpful and of interest to clients and blog subscribers. You can “follow” Don on Investopedia’s website by clicking here.

Question: My young son is saving faithfully and has amassed a few thousand dollars and continues to save at least $100/month. Currently, he has no access to a 401k/403b. He wants to invest in the stock market but I’m reluctant to encourage him in the current market. If he does, what is the best way to proceed?

First, congratulations on having a son who is already saving at the age of 22! He is mastering the key ingredient to investment success, which is managing to save some money in the first place. One’s rate of savings invariably is more important than even the rate of return on those savings. (more…)

Trump’s Legal Troubles… Market Troubles, Too?

by | Aug 24, 2018 | Uncategorized

by The Gould Asset Management Team

The guilty plea Tuesday by President Trump’s former lawyer, Michael Cohen, and the near simultaneous felony convictions of former Trump campaign manager Paul Manafort have unquestionably increased both the political and legal risks now facing the President. A number of clients have asked for our thoughts on how an impeachment and the possible removal from office of the President might affect the stock market.

First, we should acknowledge that this is a fast-developing story, with new information coming at us daily. Consequently, no one can predict with too much confidence how this will ultimately play out. Here we will simply assume what is implied by the question—a worst-case outcome for President Trump—and examine the potential implications for the market. (more…)