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Verisail Partners

20 second advisor

Financial insights and tips...all in 20 seconds

20 Second Advisor: Racial Injustice and Hope for a Change

This was written by David Booth, Executive Chairman and Founder of Dimensional Fund Advisors… The murder of George Floyd is the most recent in a long line of injustices against the black community in our country. While reflecting on what our firm can do to help, I came upon something my friend and colleague Bill…

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20 Second Advisor: Hey Parents! Cash for Chores May Create Entitled Kids.

We have three little kids in our family. We are constantly trying to get them to clean their room, pickup their toys…the list goes on. In the past we had a chore system that worked pretty well. If kids did their chores for the day, they got up to 2 “checks” per day (one for…

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20 Second Advisor: Getting prepared for unemployment

Unemployment probably never crossed your mind until COVID-19 hit. If you or someone you know may be affect, here are a few practical steps you can take to make sure you are prepared: Cash is king. Make sure to prioritize beefing up your emergency cash savings. We recommend having 3-6 months worth of expenses set…

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20 Second Advisor: Roller Coaster Safety

Last week, Thad did a great job of illustrating why it’s in your best interest to stay invested during volatile times. We thought a word picture would also help! Have you ridden a roller coaster in a while? I bet you can still recite the safety instructions that are repeated over and over again as…

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20 Second Advisor: Perils of Timing the Market…Again.

Let’s be honest. We’re in a weird place. COVID-19 seems to be getting better, but we are not out of the woods yet. With your investments, we are in a similar spot. The S&P 500 dropped from 3386 to 2237 (34% loss) from mid February until late March. In less than 60 days, the S&P…

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20 Second Advisor: PPP and pursuing loan forgiveness

As the Paycheck Protection Program (PPP) enters the second round of funding, loan recipients should be considering a thoughtful approach to pursuing loan forgiveness. Although the loan forgiveness parameters are still being clarified, the key elements for forgiveness are discussed below. Have a plan for spending during the 8 week period. You will need to document…

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20 Second Advisor: Nuggets From Talking With Clients

As you can imagine, we have been having conversations with clients, colleagues, and friends in the midst of this COVID season. We thought it might be helpful to summarize some of the consistent topics we are addressing: It’s still a good time to refinance Keep contributing to your retirement plans if you can (only pause…

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20 Second Advisor: Get in line! More funds for small business during COVID-19.

One of the more popular programs of the recent CARES Act was the Paycheck Protection Program (PPP). Under the PPP, impacted businesses can apply for loans to cover payroll, rent, utilities, etc. If the proceeds are used to retain and pay employees, the loan can be forgiven. Up to 2.5 months (10 weeks) of payroll…

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20 Second Advisor: How to better yourself during quarantine

With COVID-19 almost affecting everyone’s day to day lives, it’s not easy staying focused or motivated. If you have been craving more productivity or purpose during quarantine, here are a few free ways to better yourself: Learn how to cook: Several “top” chefs have offered cooking classes free of charge. Check out Christopher Kimball’s Milk…

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