Finance

The economy has made considerable progress toward our dual-mandate objectives. – Federal Reserve Chairman Jerome Powell The first quarter of 2024 concluded with another solid gain for global equities, driven in part by ongoing U.S. equity market leadership. U.S. equities rose consistently throughout the quarter to record the best start to a year...

Economics & Investing Individuals & Families Private Family Foundations Trustees & Professional Fiduciaries

And ultimately, though, there’s so much uncertainty around these things.

October 6, 2023by Mark Schumacher0

And ultimately, though, there’s so much uncertainty around these things. – Federal Reserve Chairman Jerome Powell Financial markets struggled during the third quarter. Resilient economic activity, elevated equity valuations and a re-evaluation of the Federal Reserve’s determination to maintain restrictive monetary policy pushed bond yields up and both stock and bond prices down....

Economics & Investing Individuals & Families Private Family Foundations Trustees & Professional Fiduciaries

Our goal is to help Main Street, not Wall Street.

April 7, 2023by Mark Schumacher0

Janet Yellen’s quote is the basis for our first quarter Global Economic and Markets Review, in which we focus on the nexus between Main Street and Wall Street, the divergence between what bond investors seem to expect and what equity investors seem to expect, and why Janet Yellen’s statement is important for both over...

Family Wealth, Estate & Legacy Planning Individuals & Families Trustees & Professional Fiduciaries

Financial Exploitation of Elderly Adults

May 29, 2020by Mark Schumacher0

Earlier this year, we wrote a piece about the large and rapidly growing scourge of elderly financial abuse. And while we were only able to briefly introduce the issue itself, we promised to dive deeper into financial exploitation, financial fraud, and investment fraud in future pieces. In this piece we want to focus on financial...

Economics & Investing

Making Sense of the CARES Act Program for Small Business – Hint: It’s a First-Come, First-Served Program

April 1, 2020by Mark Schumacher0

Covid19 is a big problem for many small businesses, which often lack the financial resources to withstand a prolonged revenue slump. In an effort to ensure the Covid19 outbreak doesn’t become an economic depression, the U.S. Federal Government passed the CARES Act, which includes a $349 billion provision for small businesses, defined as those with...

Economics & Investing Family Wealth, Estate & Legacy Planning Individuals & Families Trustees & Professional Fiduciaries

Through the eyes of a 10-year-old – The Fed’s Policy of Financial Repression is Suddenly Personal

December 5, 2019by Mark Schumacher0

I’ve written about the deleterious effects the Fed’s interest-rate setting policy is having on savers. Of course, as a saver, I have personal experience with the ramifications. But this weekend, my experience is about to get a whole lot more personal. About a month ago, my 10-year-old son begged me to take him to the...

Family Wealth, Estate & Legacy Planning Individuals & Families Trustees & Professional Fiduciaries

Which is better, giving your children an allowance, or paying them to do chores?

November 1, 2019by Mark Schumacher0

When our clients with young children ask us whether they should be giving their children an allowance or paying them to do chores, our answer is almost always “Yes”. The question is most often posed as an “either/or”, but in fact raising financially literate and capable children is a “both/and” answer. Allowances and payment for...

Economics & Investing Individuals & Families Private Family Foundations Trustees & Professional Fiduciaries

Why do we invest?

November 16, 2018by Mark Schumacher0

Why do we invest? A cursory review of popular financial media and financial industry marketing materials would lead one to believe that we invest because we want to “beat the market”. Whether it’s an index fund or other “passive” strategy claiming that the market can’t be beat (if you can’t beat ‘em, join ‘em), or...

Economics & Investing Individuals & Families Private Family Foundations Trustees & Professional Fiduciaries

Rising Interest Rates – Is a Bond Bear Market Such a Bad Thing For Investors?

September 21, 2018by Mark Schumacher0

In the last few days, bonds have experienced a sharp upward movement in yields across all maturities, but especially so in what traders call “the belly of the curve”, maturities between 2 years and 10 years. And since bond yields and bond prices move inversely to each other, as bond yields have risen, bond prices...

The economy has made considerable progress toward our dual-mandate objectives.

And ultimately, though, there’s so much uncertainty around these things.

Our goal is to help Main Street, not Wall Street.

Financial Exploitation of Elderly Adults

Making Sense of the CARES Act Program for Small Business – Hint: It’s a First-Come, First-Served Program

Through the eyes of a 10-year-old – The Fed’s Policy of Financial Repression is Suddenly Personal

Which is better, giving your children an allowance, or paying them to do chores?

Why do we invest?

Rising Interest Rates – Is a Bond Bear Market Such a Bad Thing For Investors?

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Third Day CapitalHow to Contact Us?

OUR LOCATIONSWhere to find us?