Ask the CFP

Summer School

Ask The CFP® Practitioner

“We all learn by experience, but some of us have to go to summer school.”  ~ Peter De Vries, American novelist, 1910-1993. Question: Our grandchildren are spending time with us this summer. What can we can do while they’re here with us to help teach financial responsibility as they get older? Answer: There’s no better way to build a strong […]

Cautious Optimism

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“We either live with intention or exist by default.” ~ Kristin Armstrong, three time Olympic Gold Medal Winner Question: What are your thoughts on how the economy is doing, and what is expected for the remainder of the year? Answer: Economic activity is often measured and evaluated by leading economic indicators (LEIs). There are twelve LEIs so it’s not unusual […]

An Agreement in Principle

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“The future depends on what we do in the present.”                    ~Mahatma Gandhi Question: Can you explain the trade and tariff talks between the United States and China? Answer: The United States and China are the two most influential economies in the world today. Trade bickering began on December 11, 2001 when […]

The Trend Is Your Friend

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“The genius of investing is recognizing the direction of a trend – not catching highs and lows.”             ~ John Bogle, Founder of Vanguard Question: With unemployment rates so low, shouldn’t wages be higher? Answer: It’s logical to expect wages to go up when the economy strengthens and the demand for workers increases. Economics 101 […]

Yeah Science!

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“We forget that the water cycle and the life cycle are one.” ~ Jacques Yves Cousteau (1910-1997) Question: What can be done about the dwindling supply of fresh water in the world? Answer: The earth is a closed-water system meaning that the earth does not lose or gain water over time. Our population however continues to grow, placing greater demands […]

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