In our work with family stewards, some of the most ticklish questions come up around the topic of governance.
Readers of this column have often seen us explain in various ways how difficult it is for any investor to time the market—“buy low and sell high”—on any kind of consistent basis. In fact, we typically warn investors of the long-term dangers to portfolio performance of making any serious investment decision on the basis of market timing.
A friend of mine tells the story of his brother-in-law, who worked at Wal-Mart Store #7, which opened when the current retail giant was still a small regional discount store that few had ever heard of.
In Mexico and other Spanish-speaking countries, the beginning of November marks the Dia de los Muertos, “the Day of the Dead.” This is a time when families remember their departed loved ones at special church services, by decorating their gravesites, by singing and telling stories, and with special foods and other observations.
Life insurance can be an extremely important, even essential, part of your financial plan. One of its most attractive aspects for many individuals and families is the death benefit of the policy—the money that the insurance company pays out in the event of the insured’s death.