September 14, 2024 The S&P 500 rose 4.1% this week, which was the best showing since last November. US stocks reside near their year-to-date high reached in July. Gold prices also rose sharply this week, finishing at an all-time high. 10-year treasury yields fell to a 15-month low. The main economic news this week concerned inflation. The Consumer Price Index...
Maria Branyas died on August 19, 2024. She was 117 and the oldest person in the world. She was once asked the secret to her longevity. The answer wasn’t about eating plenty of yogurt, getting enough sleep, or building wealth. She said, “Never, ever, become a bitter person no matter what.” It’s sage advice, but not always easy to follow...
The RIA Podcast is a financial services marketing podcast for every financial service from insurance to investment advising. Host Sethe Greene is a nationally recognized financial services marketing expert. Michael Cannivet recently guested on the show to talk about how his investing philosophy was impacted by working for Ken Fisher, the four key elements of retirement planning, and why risk...
The Finding Better Podcast's mission is to help facilitate a 'better' you by offering unique insights to uncover the path towards a better and more fulfilling life. Geoffrey Berwind and Michael Cannivet recently guested on the show to talk about aligning core values with financial planning. Discover how reflecting on past mentors and life’s adversities can reveal what truly matters...
In my new book, The Four Minute Retirement Plan, I wrote: "Optimism is essential for any major achievement. We must believe a goal is possible, or it won't be. Therefore the first and most important step in many endeavors is to simply convince ourselves that it is possible, and that our efforts will be rewarded." When I was in 2nd...
Michael had a fun conversation this week with Steve Ramona on his Doing Business With a Servant's Heart podcast. They discuss Michael's new book, The Four Minute Retirement Plan: Preserve Your Past, Secure Your Future, Live For Today. Michael and Steve also explore how integrating stories with statistics enhances client engagement and makes financial planning more motivational. To watch the...
Nvidia Corp. (NVDA) has experienced a remarkable run-up in its stock price. To say the stock has been on a roll would be an understatement. Nvidia has gained 550% since the start of last year, added $2 trillion in market value over the past 15 months, and is responsible for about 29% of the S&P 500’s year-to-date gains. After...
Key Takeaways: Silverlight's Core Equity strategy has outperformed the S&P 500 since 2013 and ranks top 1% versus peers Silverlight's International Equity strategy has outperformed the ACWI ex-US Index since 2020 and ranks top 1% versus peers Silverlight's Dobermans of the Dow strategy has outperformed the Dow Jones Industrial Average since 2022 and ranks top 2% versus peers Silverlight Asset...
The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have credit card debt? If so, do you know what interest rate you’re paying? Not all is debt is created equal. Some forms of debt can actually...
According to Bloomberg, Elon Musk’s current net worth is $205 billion. This week, however, a judge in Delaware put a significant dent in Musk’s net worth, ruling that a compensation package he received in 2018 was overly generous and unfair to shareholders. While much is being debated in the financial press about the judge’s decision, there’s another key element to...
It was a rough start to the year for a group of stocks affectionately dubbed the Magnificent 7. The Bloomberg Magnificent 7 Index, comprised of mega caps including Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA, and Tesla, fell 3.0% last week. That underperformed the S&P 500’s return of -1.5%. Does that portend trouble ahead for the rest of 2024? No one...
Charlie Munger, one of the greatest investors of all-time, died this week. He was 99. Munger was a successful attorney and Warren Buffett’s most trusted partner at Berkshire Hathaway. Munger was able to wisely opine on many subjects. This article is about the most important investing lesson I learned from Charlie Munger: only invest in high-quality businesses. High-Quality Stocks Compound...