20 second advisor

Financial insights and tips...all in 20 seconds

20 Second Advisor: New Money from Uncle Sam (aka: child tax credit) and why it may give families a surprise tax bill next year!

For many American families with children, the Treasury Department started depositing money into their bank account starting in July. What is this new money? Well, the American Rescue Plan (passed earlier this year) expanded the child tax credit from $2000 per child* to either $3,600 (for kids under 6) or $3000 (for kids over age…

Read More

20 Second Advisor: What is ESG?

ESG investing is gaining traction, and it’s no wonder. Research increasingly shows that this investing method can reduce portfolio risk, generate competitive investment returns, and help investors feel good about the stocks that they own. But first, what is it? In short, ESG investing is the consideration of Environmental, Social and Governance factors alongside financial factors…

Read More

20 Second Advisor: What I’ve learned about money from my garden – PT 2

As mentioned in my previous post, it’s amazing how many principles transfer from the garden to life / money. Here’s another one: It’s good to struggle! When you plant a garden, the tendency is to OVERwater your plants. In fact, one of the most common reasons plants die is due to overwatering! You see, plants…

Read More

20 Second Advisor: How to hedge inflation?

It’s in the news: “Inflation is on the rise!” So what? We haven’t had high inflation in a long time. If we experience short-term inflation related to COVID supply chain issues, that’s not too bad. If we experience long-term inflation and price increases are “here to stay” for a while, then investors should make sure…

Read More

20 Second Advisor: Should I invest globally?

With US stocks outperforming non-US stocks in recent years, some investors have again turned their attention towards the role that global diversification plays in their portfolios. While non-US equities have recently delivered disappointing results, it is important to remember that investing globally provides valuable diversification benefits. Have a look at the chart below. We see…

Read More

20 Second Advisor: What I’ve learned about money from my garden

We started a garden this year, and it’s been extremely rewarding and fun! There are numerous principles observed in the garden that apply to our finances. Here’s a big one: It is all about the soil! It’s tempting and seemingly more fun to focus on the end product (fruit / vegetables from the garden or…

Read More

20 Second Advisor: Is buying stock like buying airline tickets?

Today I was shopping for a plane ticket I need to buy for an upcoming trip. Since the trip is several months away and the dates are flexible, I was playing with the dates a bit to get the best price. Based on demand, some flights are more expensive than others. Do you need to…

Read More

20 Second Advisor: How to think about Crypto

I’ll be the first to tell you that cryptocurrencies are exciting. While it is exciting to see its sharp rise in popularity, it is important to understand whether it has a role in a diversified portfolio. Putting aside squabbles over the future value of bitcoin or other cryptocurrencies, here are a few issues you should…

Read More

20 Second Advisor: 4 Financial TIPS That Will Help Bring Peace

At our house, TIPS mean “Taylor’s Inappropriate Prideful Suggestions”. Here, I hope they mean something different… Taxes – People act like taxes are a surprise. They aren’t. Hire a good CPA. Make sure your withholding is set correctly. If self employed, save a % of every dollar you earn for taxes Investments – if you…

Read More