The cost of higher education has risen dramatically over the last 10 years, with four year college tuition increasing at an annual average rate of 5%, outpacing inflation over the same time period by 3.4% per year. The national average cost of attending a four-year public college is now over $28,000 per year and exceeds $59,000 for private-colleges. Fortunately, establishing and funding a 529 plan early can set families and students up for future success.
"Our True North is Improving Patient Outcomes through Easy-to-Use, Integrated Healthcare Technologies"
Founded in 2001, Title21 Health Solutions (“Title21”) provides easy-to-use, flexible software to health sceince organizations.
Here at Mirador we have spent our summer months watching the stock markets around the globe wrestle with the numerous problems confronting us all.
Mirador Capital Partners recently sat down with Kevin Comerford, the CEO of Service Champions, which is the leading HVAC service company in the Tri-Valley area. In a fascinating look at what makes a successful company and personal life, we are pleased to share Kevin's insights on work, building company culture, and leading a team. We wanted to offer Kevin’s perspective because we believe it will be helpful for those just beginning a career or for those who are thinking about starting their own company.
The debate between active and passive investment management has been regularly discussed in investment circles for the last two decades, and it’s a debate unlikely to go away soon.
(Please click here to download Options 101: What You Need To Know).
For more than a decade, I traded options on the floor of the Pacific Stock Exchange in San Francisco and the Chicago Board Options Exchange. It was an exhilarating ride, and I had the benefit of working with some brilliant mentors. It also took a lot of work. I learned that options can be a valuable part of portfolio management or as a stand-alone strategy.
At Mirador, I find myself drawing on this experience to answer questions about options from clients. In most instances, it’s an exercise in demystifying options and explaining when they can be used successfully – and when they should be avoided altogether.
Is It Wise To Have Treasury Bonds In Your Portfolio?
One of the conversations I keep having over and over with investors is whether they should have Treasury bonds (or Bonds of any kind) in their portfolio.
It’s a relevant question because most portfolios have a bond component. The traditional asset allocation strategy is 60% in equities and 40% in bonds and cash. Bonds benefit a portfolio by diversifying risk and improving performance at a given level of risk.
The concern is that with interest rates at historic lows, Treasury bonds are guaranteed to lose value when rates rise. The reason is that newly issued bonds carry a higher interest rate than existing bonds in a portfolio, even though the income stream is unchanged.
Looking Good In The New Year
Over the past few weeks, a number of people have asked me what the stunning drop in oil prices means for the stock market.
Answer: It’s unambiguously good for our portfolios and for most of America.
Falling oil prices are tantamount to a huge stimulus package for the economy – like a giant tax cut. According to James Furman, chairman of the White House Council of Economic Advisers, every $8 to $10 drop in oil prices adds one-tenth of 1% to GDP.
The drop in oil is already putting money in the pockets of millions of people in the form of lower gas prices. The average American will save more than $1,000 per year from gas prices that are now below $3 per gallon. That will give consumers more money for discretionary spending in 2015, which will be bullish for the market.
The Virtues of a Grantor Retained Annuity Trust
Living trusts are a great financial planning tool that are a great way to take care of your family for generations to come.
Market Volatility And The Long-Term Horizon
Like many of you, we are attuned to the recent stock market gyrations and the seemingly intractable problems that confront us globally.
At moments like this, it’s easy to be pessimistic, but it’s equally important not to let the pessimism consume you.
In fact, 10% corrections are routine in any market cycle. The investors who have done well over time learn to live with market uncertainty.