Charitable Giving Strategies: Making the Most of Your Donations
As fall settles in and temperatures begin to drop, investors are reminded that year-end is rapidly approaching. This time of year often brings a flurry of financial activity, requiring close collaboration with financial advisors and CPAs. Charitable giving is one area that deserves particular attention during this season. When used correctly, charitable giving can be a powerful tool to support causes you care about while also… Read More
The Importance of Diversification: Spreading the Risk
“Never test the depth of the river with both feet”, Warren Buffett cautioned; a reminder that overconfidence in a single investment can be costly.1 Behavioral finance shows that humans are prone to recency bias, chasing last year’s winners and underestimating the possibility of sudden reversals. Consider the investor who puts everything into a single “can’t-miss” stock or sector. When that bet pays off, the rewards can… Read More
1Warren Buffett Quotes: 10 of My Favorites: TheCorporateCounsel.net Blog
