Family communication is key to shaping your children’s financial experiences and preserving family wealth.The best way to share your financial values with your children is through open channels of family communication that starts early.If there’s silence surrounding money matters in your home, it can create confusion.Children who grow up discussing age-appropriate financial matters are more likely to become effective stewards of your family’s wealth.
Don’t let conventional wisdom damage your unconventional wealth. Conventional advice may be harmful if you’ve accumulated significant wealth.Avoiding critical mistakes in wealth management, advisor selection, asset allocation, and family communication is key.Working with a trusted advisor in a collaborative wealth management environment is crucial.“Subtract your age from 100 to get your target stock allocation.
Learn more about Sharpe ratios, beta, standard deviation, and other investment terms.The Sharpe ratio measures a security’s risk-adjusted return.Beta measures the volatility of a security relative to a relevant benchmark index.While these measurements can be hard to understand at first, they are important tools for comparing potential investments.Are you confused by some of the terms analysts use to quantify risk and performance? Here’s a quick guide to some of the most common measurements.