12 Jan

5 AM Alarm

January 12, 2019Printer-Friendly VersionAs I have aged, it seems my alarm clock goes off earlier and earlier. As a child, I somewhat dreaded waking up early in the morning unless it involved golf or some other sporting activity. Early morning Bible studies were thrown in the mix as I entered college. I have many older mentors to thank for motivating me to get up early and study the Bible. As I started my career, an earlier wake-up was the norm. Of course, once kids came along, the alarm clock was somewhat useless as babies became the new alarm clock (which went…

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4 May

Perseverance in Down Markets

May 4, 2015Printer-Friendly VersionThe first Sunday in April is always one of my favorite days of the year as it typically marks the final round of The Masters Golf Tournament. This year, defending champion Jordan Spieth entered the final 9 holes of the golf tournament with a 5 shot lead. He had been flawless through 63 holes and it was almost a foregone conclusion that he would march through the final 9 holes and be the first back-to-back champion since Tiger Woods in 2001-2002. He bogeyed 10 and 11. Then he stepped to the tee of the famous 12th hole, a 155-yard par three, the middle hole…

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28 Apr

Negative Interest Rates

April 28, 2015Printer-Friendly VersionImagine the following scenario: You wake up one morning and decide it’s time to open a new bank account. You gather your personal information, head to your local bank and sit down with a banker. You: “I would like to open a new bank account.”Banker: “Sure, what type of account are you interested in?”You: “Well, I’m not sure, what are your interest rates?”Banker: “Our current interest rate is negative 0.50%.”You: “Come again?”Banker: “Negative 0.50%.”You: “So, if I deposit $50,000, it will cost me $250 per year?”Banker: “Yes, but you could invest in our 2-yr CD. We have a new special rate…

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15 Mar

Fed's New Leader, Same Challenges

February 1st of this year marked the beginning of Janet Yellen’s term as the Chairman of the Federal Reserve as she took over for Ben Bernanke. The Federal Reserve System or “The Fed” was created by Congress in 1913 to provide the United States with a stable monetary and financial system. The Fed is charged with keeping inflation in check and to promote policies that will create jobs. They influence many aspects of the economy and in recent years, the Chairman of the Fed has become arguably the most important position in the global economy.Since 2008, The Fed has engaged in “ea…

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