For many of us, the reason for saving today is to support future spending. Whether that be a retirement home, our children’s college education, or for philanthropic reasons, the money saved today will likely buy less in the future as the prices of goods and services increase over time. This erosion of purchasing power, also known as inflation, is a crucial consideration for prudent investors.
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Should I be worried by the recent banking turmoil’s impact on the stock market?
March 2023 was a significant month for banks in the US and globally. On March 10th, Silicon Valley Bank (SIVB) succumbed to a phenomenon called