Category: Uncategorized
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The Great Wealth Transfer, Inequality and Preparing Heirs
The Great Wealth Transfer refers to a predicted transfer of wealth mainly from baby boomers (those born 1946-1964) to millennials and Gen Z households (HH). As younger generations are prepared to inherit this wealth we might expect significant changes in economic and social dynamics. According to the 2022 Global Wealth Report published by Credit Suisse,…
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Predictive Analytics and Artificial Intelligence in Financial Services
Predictive Analytics: the use of data to predict future trends and events. It uses historical data to forecast potential scenarios that can help drive strategic decisions (What is Predictive Analytics? – Harvard Busines School) Generative AI: any AI system whose primary function is to generate content; This is in contrast to AI systems that perform…
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Decision Fatigue
With so much chaos and uncertainty I thought it best to suggest a reading this evening from Federal Reserve Bank of Atlanta President and CEO, Raphael Bostic. Inflation Fight Is On Track, but the Path to 2 Percent Could Be Bumpy
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First Time Homebuyer Resources
Happy Labor Day to all! Despite our momentum the past month was challenging. Our service mark for Pythia was in danger of being cancelled until just a few days ago. I hadn’t realized how important this project has become and what it might mean to our longevity until we were at risk of losing it.…
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Homeownership in the U.S.
According to the April 2023 National Association of Realtors (NAR) study Wealth Gains by Income and Racial/Ethnic Group, a typical homeowners wealth is as much as 40x greater than a renters. A vital part of wealth accumulation for most, home ownership is a key milestone on the path to achieving the American dream. 74.4% of…
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Happy Independence Day 2023!
Happy 4th!!!!
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Ten
Today we celebrate 10 years in operation! Thank you to our clients and everyone who has supported the mission since inception. In May, I earned the CompTIA Security+ certification. Passing the exam validates the baseline skills necessary to perform core cybersecurity functions and pursue an IT security career. This year the Securities and Exchange Commission…
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Our NJ REALTOR®
Good news everyone! I am now a licensed realtor in the State of N.J. working with Keller Williams Village Square Realty at 74 Godwin Ave, Ridgewood, NJ 07450. To some, it may seem like poor timing to start a career in real estate or even buy a home as inventory is low, the Federal Reserve…
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Markets in Review
2022 was the worst year of performance in 97 years for the bond market, ending the year -13.07% as measured by the Bloomberg U.S. Aggregate Float Adjusted Index. Equity markets did not fair much better with the most comprehensive view of the U.S. equity market, the Wilshire 5000 -19.00%. The Federal Open Market Committee increased…
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A Note on Perseverance
The Miriam Webster dictionary defines perseverance as “continued effort to do or achieve something despite difficulties, failure, or opposition : the action or condition or an instance of persevering : steadfastness Borrowed from Latin perseverant-, perseverans : persisting in a course of action, steadfast,” I recall a message that resonated with me when I first…