The question of “when can our kids start playing contact sports?” has come up in a few times in some client meetings. Recently, the Associated Press published an article on MarketWatch that may help many parents across the country decide when is too soon. Pediatric experts in sports medicine, neurology and related fields evaluated and rated three decades of sports concussion-related research. Recent evidence has filled in many of the blanks in research. Here is what we found most interesting among their conclusions: kids should be taught collision techniques before beginning play in contact sports and that evidence is inconclusive on whether multiple childhood concussions are linked with long-term neurological changes. A member of Chicago’s Lurie Children’s Hospital, Cynthia LaBella, emphasized to the Associated Press that concussions can happen in all recreational activities and said the physical, mental and social benefits of playing organized sports outweigh the risks of any injury, including concussions. Hopefully this may help you decide when to let your children play contact sports. 11.11.19
Do you know where you want to retire? The fact is, most of us don’t. Shawn Langlois, a social-media editor for Market Watch, breaks down some of the best states to retire in based on financials. Nationwide, the average yearly expenses for someone over the age of 65 is $51,624. Mississippi has the lowest annual expenses at $44,758, while Hawaii has the highest annual expenses at $99,170. Taking into account life expectancy as well as yearly expenses, the average savings required for retirement in the U.S. is $904,452. States in the Northeast and the West require the highest savings for retirement, at over $1 million, while states in the South and the Midwest require the lowest savings. What steps are you taking to save for your retirement, and what policies do you think should be put in place to help Americans retire comfortably? Please let us know. If you’re looking for a bit more information about this topic, visit this more detailed analysis of the costs of retiring in each state. 11.05.19
Apple’s latest flagship product, the iPhone 11 series, is looking to innovate, and Samsung, an industry competitor, has begun its own game of leaks to entice the interest of a wider audience. Samsung’s new Galaxy S11 is looking to be a fierce competitor with the ever-popular iPhone. First, Samsung has reportedly been upgrading their cameras, now with a mind-boggling 108-megapixel resolution and a lens that enables 5x optical zoom. Next, the phone’s new display is suspected to be similar to those before it, with Samsung’s dubbed “Infinity Display” and a small front camera. Further, the S11 could be the first Galaxy phone without buttons, although that is still unknown. Next, and maybe most importantly, Samsung’s upcoming flagship may also feature a special, graphene-based battery, which could substantially improve charging times and total battery capacity. Unfortunately, this battery may not be used until 2021. Before you jump into a new iPhone11, make sure to take a look at the competition for the best bang-for-your-buck. 10.29.19
Soon, the housing market may be as simple as trading stocks. We have talked about artificial intelligence in our blog before, but recently, AI has been making a massive change in the housing market that may revolutionize the way houses are bought and sold. As different business models of home-trading companies, sometimes called “iBuyers” have been collecting lots of attention by shaking the foundation of the housing market, information technology has set its sights on an industry where “paperwork is still done on paper, and where customers are often steered among professionals scratching each other’s backs.” Zillow, a company that has continued to revolutionize the real estate market, has started their own iBuying division, buying and selling homes, all online. Zillow executives have begun to see the listing price as a machine learning exercise. Furthermore, Zillow has access to incredible amounts of information about demand, gleaned from 180 million unique website visitors each month. How much of what comes next comes down to algorithms? For now, the onslaught of machine learning in the housing market continues unabated. 10.24.19
Certified Financial Planner Brady McArdle, Co-Owner of Galecki Financial Management, says in times like this, it’s a good reminder that everyone, not just the wealthy, need a financial plan in case you’re out of work.
Many Americans have found a love for the streaming service Netflix. While this love blossomed, it became a popular investment for the amateur trader. Although its price has risen significantly since its founding, Netflix is still a company that you may want to investigate a little deeper before purchasing stock. Netflix is projecting revenue of $5.25 billion, up 31.3% from a year ago, with earnings per share of $1.04. That would be 26% growth in the second quarter. Despite the upward trend in revenue, the company added 2.7 million new subscribers, well short of its previous guidance for 5 million.
Guggenheim analyst Michael Morris notes that investors are especially focused on membership trends after last quarter’s miss. Morris wrote in a report that some third-party services that track app downloads suggest another potential miss this quarter, adding some recent pressure to the stock. That said, he maintains a Buy rating, and adds that his own survey data suggests members trends are consistent with guidance. 10.14.19
Many of our clients have taken an interest in the electric car company, Tesla. This week, opinion writer Vitaliy Katsenelson wrote about the future of Tesla and the future of the electric car industry. As more and more tech companies invest billions into larger and faster-charging batteries, the industry will evolve tremendously. According to Vitaliy, “Tesla doesn’t own the battery-cell technology that goes into its batteries; that belongs to its partner, Japanese conglomerate Panasonic.” The battery is a key technology for Tesla, but at the moment Panasonic is in control of a big part of it. Just as Apple chose to bring development of the CPU that powers its iPhone in-house, Tesla may eventually increase its control over its battery technology. While in the short run battery technology is going to be an important differentiating factor, in the long run the EV battery will likely become a commodity and the differentiating factors will be in software and self-driving capability. 10.08.19
I’ll bet at some point last night many of our clients got a robo or spam call. Maybe perhaps when they were watching TV or putting the kids to bed. In this article, Paul Brandus, a columnist for MarketWatch.com, lists many of the ways to eliminate these pesky calls from your day-to-day life. His varied solutions range from fun ones to more legitimate ways to block these calls. For example, one of his ways to fight back is by simply turning the tables by saying something along the lines of “Hi, thanks for calling the Internal Revenue Service, please hold.” Another way, albeit more serious, he suggests to deal with these calls is by buying a landline with blocking capabilities. 09.23.19