Author: Mitch

In the 245 years since the signing of the Declaration of Independence, the United States has never once defaulted on its debt.  But all that could change on October 18 if Congress does not raise the debt ceiling.  Should that happen, there’s a very real possibility that the U.S. would be unable to pay its…

The year 2020 proved to be one of the most tumultuous in modern history, marked by a number of developments that were historically unprecedented. But the year also demonstrated the resilience of people, institutions, and financial markets. The novel coronavirus was already in the news early in the year, and concerns grew as more countries…

After nearly six months of back-and-forth negotiations, and in response to the economic hardship that many Americans face from the ongoing COVID-19 pandemic, Congress proposed a new, $900 billion relief package. Many elements—like stimulus payments and PPP loans—will sound familiar from earlier this year. However, debate surrounding certain provisions in the economic stimulus and relief package has…

Do you remember “The Dress”? From way back in 2015? Sure, hundreds of internet sensations memorable for one reason or another have gone viral over the years, but this one made a splash by any standard. Is the dress white and gold? Or is it really black and blue? Debate raged and The Dress forever…

A recent New York Times article discussed the stock market impact of Joe Biden winning the 2020 presidential election. The article quoted Lori Calvasina, head of US equity strategy at RBC Capital Markets, who said “The market is starting to worry that Trump will not be re-elected. Trump is consistently viewed as a positive for…

These days, most people can’t afford to reach their financial goals – like retirement – on their employment income alone.  The cost of living is simply too high.  That’s why investing is so important: Because it allows you the opportunity to put your money to work for you.  Through investing, you can potentially grow your…

Seventeen seconds left, it’s game six of the 1998 NBA finals between the Chicago Bulls and the Utah Jazz, with Chicago trailing Utah 85 to 86. Who do you let take the last shot? Ron Harper? If you watched “The Last Dance,” the 10-part documentary seriesthat aired on ESPN recently, then you’re probably screaming Michael…

In honor of Memorial Day, I’d like to tell you a story about a man named Ben Salomon. Ben Salomon was a dentist.  He went to school, got his degree, and started his own dental practice at the tender age of 23.  The most trying ordeal he was ever supposed to encounter was a mouth full…

It got lost in the crazy shuffle of current events, but this past April marked the 50th anniversary of one of the most compelling dramas in recent history: the events of Apollo 13. It was April 14, 1970.  What would have been the third mission to land on the moon was going swimmingly.  The astronauts –…