Archive for April, 2010
Friday, April 30th, 2010
By Tom Fredrickson
One of the laudatory goals of health care reform is to bring health care costs under control. As financial planners, we know how critical that can be. When we create a financial plan, we assume health care expenses will increase faster than general inflation. Suppose health care costs increase a mere 1.5 percentage points faster than the general rate of inflation (assumed in our plans at a conservative baseline of 3.5 percent). That might not sound like much of a difference, but over time, those 1.5 percentage points would really add up. Read More…
Tags: Cost of Living, health, Inflation, personal finance, retirement, Tom Fredrickson
Posted in Finance, Retiring Well in New York: The Altfest Blog Finance and Lifestyle | 1 Comment »
Tuesday, April 27th, 2010
—and It’s Free!
By Nancy Mandell, guest blogger
Jazz fans, rejoice!
The April 29 Target Free Thursday concert —yes, there is a free concert EVERY Thursday night at 8:30—in the new David Rubenstein Atrium at Lincoln Center features an all-star jazz ensemble playing the music of Duke Ellington. The occasion is the 15th anniversary of ESSENTIALLY ELLINGTON, an annual high school jazz band competition sponsored by Jazz at Lincoln Center.
Read More…
Tags: Lifestyle, Nancy Mandell, New York, retiring well in New York City
Posted in Entertainment, Lifestyle, New York, Retiring Well in New York: The Altfest Blog Finance and Lifestyle | No Comments »
Thursday, April 22nd, 2010
By Qi Lu, Ph.D, Senior Portfolio Strategist
The free fall stopped in the second quarter of 2009 and economic recovery is well under way; yesterday the International Monetary Fund lifted its forecast of global economic growth to 4.2%. Although the National Bureau of Economic Research still believes it is premature to declare an official end to the recession, the view of strong economic recovery is gaining popularity and has certainly taken hold in the equity market. Investors are torn, however, between whether or not this recovery will be similar to past ones. Read More…
Tags: Behavioral Finance, consumer spending, investing, market indicators, Qi Lu
Posted in Behavioral Finance, Finance, Retiring Well in New York: The Altfest Blog Finance and Lifestyle, The Economy | No Comments »
Monday, April 19th, 2010
At Altfest Personal Wealth Management, we frequently host and participate in educational events. Some of the events below are open to the public, while others are closed events. If you wish to learn more about any of the events, please contact inquiry@altfest.com
If you are interested in having an Altfest professional present to your organization please speak with Anthony Reinhart at 212 406 0850.
|
May 10, 2010 |
Event: AAII- North Jersey Chapter
Topic: Where Do You Go From Here?
Speaker: Lewis J. Altfest |
| June, 8th 2010 |
Event: Altfest Annual Event
Topic: Investing with Punch Across
All Market Segment
Speaker: Don Yacktman |
Posted in Events | No Comments »
Thursday, April 15th, 2010
By Nancy Mandell, guest blogger
It was one of those gorgeous summer preview days in early April—a day that simply had to be spent outdoors. My friend and I considered the possibilities: Central Park, a Brooklyn walking tour, the Battery Park City Esplanade. But was there anything new under the Manhattan sun that we hadn’t experienced? Read More…
Tags: Lifestyle, Nancy Mandell, New York, outdoors
Posted in Outdoors, Retiring Well in New York: The Altfest Blog Finance and Lifestyle | No Comments »
Wednesday, April 7th, 2010
By Nancy Mandell, guest blogger
The soft news last week was filled with stories about how much better off the country would be if women—or at least more women—were in positions of economic influence. Read More…
Tags: investing, Lifestyle, Nancy Mandell, women
Posted in Retiring Well in New York: The Altfest Blog Finance and Lifestyle, Women | No Comments »
Thursday, April 1st, 2010
By Theresa Chen, CFA
I know most of us are relieved that 2008 and 2009 are behind us, at least as they relate to the stock market. However, I came across an article a few months ago that stayed with me and triggered a reflection on these past couple of years. The article quotes Warren Buffett’s op-ed piece in The New York Times, in which he announced to the world that he was buying American stocks. At the time Buffet wrote, “I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher … well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.” What he was referring to is the futility of market timing. One of the most instinctive reactions during a downturn is to sell stocks and then try get back in when the worst is over. The problem is that by the time the worst is over, the market timer could have missed out on most of the gains.
Read More…
Tags: investing, market indicators, New York Times, risk, Theresa Chen, Warren Buffet
Posted in Investing, Retiring Well in New York: The Altfest Blog Finance and Lifestyle, The Economy | No Comments »
