June Issue
Brent Steinberg
Managing Director at Steinberg Investment Group, Helping Executives, Business Owners & Professionals
Steinberg Investment Group takes a comprehensive approach to Wealth Management, so we have developed and refined a process that puts every piece of the puzzle together as our clients’ lives unfold and their needs evolve. Our process is panoramic and all-encompassing, by engaging all service providers so our clients always have the complete picture.?We call this “The Dynamic Formula.”
Suppose you are part owner of a firm that has been your family’s primary source of income. Have you ever considered what would happen if you were suddenly diagnosed with a serious medical condition? Naturally, your family’s first concern would be for your health and well-being; however, if you were to die prematurely, such an event could affect your family’s financial future. For instance, what would happen to your interest in the business? Would your family find a ready buyer for your share of the company? If your partners were to buy out your share, would they have the necessary cash at their disposal? What price would they pay? In the midst of normal daily business activity, it is often difficult for business owners to find time to address these questions. Yet, once an event occurs, it may be too late. Continue reading here.
The turmoil in the markets in the first few months of 2022 has demonstrated the benefits of diversifying your assets. Stocks plunged in January and February, rebounded in March, but are still negative YTD. And the bond market suffered its worst quarter since 1980.
So, how do you figure out how well your asset mix is diversified, and not too heavy in one area – like stocks?
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Seasoned investors are used to spreading risk across multiple investments, such as stocks, bonds and commodities. Professionals, however, take it a step further: measuring “correlations.” Read on here.
For more resources to help you stay the course, download our ebook, 'Don't Panic'.
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