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Over the course of our recent quarterly reviews, we couldn’t help but notice a common question resurfacing: “What are your thoughts on Bitcoin?”. Who could blame anyone for asking? How often do we see investments balloon from 30k to 60k in a matter of months? Or the likes of Elon Musk discussing the topic on Saturday Night Live! In a world where teens on Tik Tok & Reddit are outperforming the smartest investors on Wall Street, it was definitely time to address the elephant in the room.

Do you understand the stock market? Maybe you know a little bit, or maybe you’re completely clueless. Either way, I’m confident you’ll learn something with this post. We’ll review some basics of the market and look into our strategy for managing investments at Bluestone. If you need a quick refresher on investing in general, check my last blog.

The high levels of volatility in the markets over the past fourteen months have led to some strange occurrences. During the swift and vicious declines of March 2020, those eager to avoid further losses led to an indiscriminate tossing out of babies with the bathwater.

These two phrases are similar, but very different. It seems people get them confused and it’s important to understand what differentiates them. If you read my last blog, I’ll assume you have already implemented some saving strategies. Good work. Now that we understand how to save, it’s time to take a deeper dive into what we do next.

Our favorite part of presenting a financial plan is that lightbulb moment – when a concept that a new client was previously unaware of comes into clarity. Inevitably, the next words we hear are some variation of, “Wow! We should have done this ten years ago.”

For many of us, our day-to-day lives have never experienced more disruption. Between massive shifts in corporate strategy and company structure to home schooling your kids, it is harder than ever to maintain control of your personal finances. If you are preparing for a job transition, or if your firm has terminated its Supplemental Retirement Plan/Deferred Compensation Plan, you probably have a few questions. As always, we are here to help!

While it is tough to be away from the office, some aspects of this temporary step back from my daily routine have been a breath of fresh air. It has given me the opportunity to enjoy some bonus time with my family, take the dogs out for a few extra walks and do a lot less shaving. I think my wife is ok with me being here all the time, but sometimes it is difficult to tell…

One of the most common questions among younger high-income families is whether they are saving money into the right type of accounts. Many come in with an emergency fund in place, maxing out their 401(k)s and even making 529 contributions.