I was recently going through a new client’s portfolio and found it full of the likes of Coca-Cola, Kimberly-Clark and Campbell Soup — what I call (pseudo) bond substitutes. Each one is a stable and mature company. Your mother-in-law would be proud if you worked for any one of them.

The banking and credit union worlds are as much the same as they are different. Both are eager to earn your business and to provide you with loans, mortgages, savings and checking accounts. With that said, there are some significant differences between the two financial institutions.

 

Most of you have been smiling this year as your monthly statements have been boasting new all time high market values, growing income streams, and unusually high profit taking levels in normally defensive securities like Closed End Income Funds.

It's a widely-held misconception that those with good credit have a better grasp of managing their finances. In a recent consumer survey from Marcus by Goldman Sachs®*, 34 percent of

The secret to a secure retirement or just another overpriced financial instrument? As life expectancy in the United States continues to rise, experts in the financial services

 Many advisors stretch the meaning of “Fiduciary,” but not George Foley. For George Foley, chief investment officer of Dillon Capital Management, being a fiduciary leaves no room for equivocation.

Many investors fail to take inflation into account. That’s not surprising, given that inflation has remained stable since 1980, and the 1970s “stagflation” era—which saw inflation rates climb higher than 12 percent for a brief time in 1979—is a distant memory.

Sage Wisdom Saves His Clients Money. After years of playing in the major leagues, he traded his catcher’s mitt and Louisville Slugger for an accounting career and eventually learned

Poll Shows 41% of Unemployed in New York Are Giving Up on Finding Work, Up From 2016. 49% Blame Themselves for Their Unemployment. Half Have Not Had an Interview in the Past Month; 45% Report Being Unemployed for More Than Two Years

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