The world is on the brink of a recession, if all the breathless headlines are to be believed. So why are U.S. stocks near all-time highs?
That’s a question my MBA students have been asking me lately. Even the Federal Reserve is concerned – at least worried enough to reduce U.S. borrowing costs for the second time this year.
Trade tensions with China and slower global growth are to blame
One of the first lessons of finance we are taught, by our parents or through some basic personal finance course, is to make creating an emergency fund our top priority. Having a reserve of cash equivalent to six to 12 month’s worth of living expenses is considered the most fundamental principal of financial security.
An estate takes lifetimes to build but can be lost in the blink of an eye. Most of us don’t imagine assets that took decades to accumulate being drained in a few short years, but in some cases this is exactly what happens. Here are some of the top risks to an estate and some easy ways to manage those risks.