In 1630s Holland, the tulip rapidly became the luxury item of choice. As prices rose steadily, traders began to speculate, driving up prices. By February 1637, not only were merchants and nobility trading tulips, but commoners saw an opportunity to get rich quick. Due to the influx of demand, prices rose, and no one was […]
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With the recent uptick in inflation data our team thought it useful to give lifetime investors some perspective. Investors have mixed responses for what increasing inflation means for their portfolios, but the consensus is generally negative. Many people might not understand why high inflation is bad, but there are many reasons, the most obvious of […]
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In the last 12 months congress has passed several pieces of legislation intended to provide relief to individuals and businesses. One such law, the American Rescue Plan (ARP) of 2021, was enacted last month. It contained some important changes that we highlight here. Child Tax Credit Under prior law, individuals received a $2,000 tax credit […]
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