GameStop Gambling
GameStop: A David and Goliath story or a cautionary tale of feverish gambling? The GameStop David and Goliath story has given us a short break from 2020 doom and gloom. It’s a surprising story of how masses of small amateur investors managed to bid the share prices of three largely-unprofitable companies—GameStop, AMC Entertainment Holdings, […]
Why You Need to Hire the Best Financial Advisor Today
With the advent of online trading platforms and information available for free on the Internet, many investors have decided to take a do-it-yourself approach to manage their money. Managing your portfolio is perfectly fine, especially those who are just starting, have little money, or have less complicated financial situations. However, once investors begin accumulating […]
Questions You Should Ask When Looking for a Financial Advisor
Choosing a financial advisor is an essential step in taking control of your finances. You’ll want to complete your due diligence before you even start talking to an advisor you’ve selected as a possibility. Find a financial advisor If you have friends or family who are happy with theirs, you can ask for an […]
Operating in a Covid 19 Summer
We at Platt Wealth Management hope that you enjoyed a safe and sane Fourth of July weekend. The dog days of summer are indeed upon us, and we thought it might be a good time to address some of the uncertainty that many of our clients and others are experiencing. Summer in the time […]
Midyear Economic Outlook
The decade-long economic expansion did not end with a whimper. The coronavirus brought it to a screeching halt. U.S. gross domestic product (GDP) fell 5% in the first quarter, and a steeper decline is likely in the second. Consumer spending, which accounts for about two-thirds of the U.S. economy, slid 13.6% in April, the […]
Will the Stock Market Survive the Coronavirus?
Rising fears over the continued spread of the coronavirus have led to a sharp stock market decline as investors grapple with its impact on the global economy. On Monday, March 9, in reaction to news of the virus spread and the recent oil shock, Standard & Poor’s 500 Composite Index fell 7.6%, triggering a 15-minute […]
3 Common Investor Mistakes During Election Years
Investing during an election year can be tough on the nerves. 2020 promises to be no different. Politics can bring out strong emotions and biases. Investors would be wise to put these aside when making investment decisions. Benjamin Graham, the father of value investing, famously noted that “In the short run, the market is […]
What Your Daughter Needs to Know About Personal Finance
Despite our best efforts, people still think of finance as being the man’s domain. The truth is that everyone needs to understand personal finance, so they can manage their money the right way. Even those who choose a wealth manager or financial planner to handle their investments still need to know the basics. We all […]
Women and Finance
A four-part series of the challenges that women face when it comes to planning for a secure financial future and investing to make that plan happen. This is the second article in a series on Women Investors. The statistics are sobering – over 80% of women will be solely responsible for their finances at […]
How Does the Coronavirus Outbreak Affect the Market?
As Chinese authorities deal with a rapidly spreading coronavirus, investors are raising questions about the potential impact on global economic growth and the financial markets. While much is still unknown about the extent of the outbreak — and, crucially, how long it may last — the initial drag on China and other emerging markets is […]