20 second advisor

Financial insights and tips...all in 20 seconds

20 Second Advisor: Should I invest in gold?

Investors often think of gold as a hedge against inflation. As Exhibit 1 shows, however, gold has been about 15 times more volatile than inflation. Over the period from January 1970 – December 2019, the annualized compound return for gold was 7.81% with a volatility of 19.24%. For comparison, the annual inflation rate has been 3.91% with…

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20 Second Advisor: Practical Tool To Teach Kids About Money

I REALLY want my kids to learn how to be responsible with money! One of my clients told me about this tool that we have found extremely useful. It’s called Greenlight. Each child has their own debit card that’s linked to their checking account. They also have a savings and giving account. My kids have…

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20 Second Advisor: The Costs of Inflation

Let’s be honest – most of us don’t really understand inflation. The dictionary defines inflation as: 1“a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.” In a nutshell, inflation is when prices go up. But why is that…

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