Tesla: does it benefit from the appearance in front of the White House by President Donald Trump and CEO Elon Musk along with new models of the EV? The price of Tesla stock has been in a significant slide ever since the two began showing up together in White House offices. You don’t often see the chief executive officers of big USA-based corporations making Sieg Hail hand gestures in public. Enough investors may have decided that billionaire Musk may have pushed beyond the boundaries and this recent selling of Tesla stock may be one of the consequences. Tesla stock charts…

Monday the S&P 500 closed down 8.62% from its Feb 19th high. For many parents, it’s a reminder that 529 savings plans are investment vehicles. If your 529 plan is the cornerstone of your education funding strategy, you may be worried. With over 16.8 million accounts according to the College Savings Plans Network, 529 savings plans are currently the most popular college savings vehicle. Given over a half trillion in the plans, this recent market crash demands a thoughtful response. Unlike retirement accounts, where many families can wait out a market downturn, college savings plans are typically bound by a…

The art market is undergoing significant transformations as younger collectors infuse it with fresh perspectives and modern investment strategies. Leading this shift is Arushi Kapoor, founder of The Agency Art House, who is dedicated to democratizing art investment and advising collectors on sustainable and meaningful collections. Her insights offer valuable lessons for seasoned art collectors, estate planning attorneys, and professional advisors aiming to engage younger generations in art succession. A New Mindset: Younger Collectors Redefining the Art World Younger collectors are reshaping the art world with innovative approaches. Unlike previous generations, who viewed art collecting as a long-term legacy pursuit,…

As I research the evolution of wealth management for my upcoming book, I’m constantly on the lookout for firms that are doing things differently—breaking away from the pack and redefining what it means to serve high-net-worth families. I recently spoke with Matt Fleissig, co-founder and CEO of Pathstone. Matt shared valuable insights into the firm’s forward-thinking approach, one that reimagines the entire client experience. With an unbundled service model, a focus on meaningful community-building, and a strategic commitment to leveraging technology, Pathstone offers a roadmap that other wealth management firms can learn from. Here’s what I think firms can take…

In the intricate world of estate planning and administration, accurately estimating the market value of collectibles, such as sports memorabilia, antique firearms, or rare trading cards, are often overlooked both in estate planning and in estate administration. Not only does the market value influence the financial decisions surrounding these assets, but it also ensures a correct distribution during estate administration. Whether you’re helping a client plan their estate or you are helping to manage an estate, understanding how to evaluate these items can enhance the process immensely. Here’s a detailed guide, along with the latest tools, to help you navigate…

Since its mid-February high, the S&P 500 has fallen by 7%, with 3% of that decline coming last week. The Magnificent 7, consisting of Microsoft (MSFT), Meta Platforms (META), Amazon.com (AMZN), Apple (AAPL), NVIDIA (NVDA), Alphabet (GOOGL), and Tesla (TSLA), has faired worse with a retreat of almost 16% since mid-December. The proximate cause of the pressure on stocks has been an economic growth scare and policy uncertainty surrounding tariffs. The Growth Scare The Atlanta Fed is currently forecasting a decline in U.S. economic growth in the first quarter. Much of the negative revision of its GDP forecast was due…

Contrary to a lot of popular belief about stocks benefitting from artificial intelligence hype, their price charts show problems. Some of the most mentioned AI-related companies are now in significant downtrends from their early 2025 peaks or their late 2024 all-time highs. A number of these have dropped below their 200-day moving averages, a technical analysis measure of relative longer-term strength. It’s better for investors when stocks trade above that rather than below it, generally. Those who own such equities with a “forever and ever” timeframe may ignore this. 4 AI-Related Stocks In Downtrends Arista Networks. The stock has slipped…

When it comes to retirement planning, there are a few milestone ages that stand out as crucial. These moments are your financial checkpoints—opportunities to make adjustments, reap benefits, or avoid costly mistakes. Understanding what to do at each of these ages can make your retirement journey smoother and more rewarding. Here’s a breakdown of the key milestone ages in retirement and what actions to take at each one. Age 50: The Catch-Up Contribution If you’re 50 or older, you can start making catch-up contributions to certain retirement accounts. This means you can contribute an additional $7,500 to a 401(k) (as…

Recently, Michael Sonnenfeldt, the founder of TIGER 21, a peer network of ultra-high-net-worth investors, discussed with Crain Currency how members of his organization are positioning their portfolios in response to tariffs and market volatility. With new tariffs on steel and aluminum imports, an increasingly protectionist trade environment, and market volatility shaking investor confidence, many industries are bracing for impact. He highlights the importance of diversification, assesses sector-specific risks, and discusses the historically low cash reserves among wealthy investors, which could signal either confidence or market overvaluation. The discussion on the carried interest tax loophole adds a policy dimension to investment…

Mistakes fade away; winners can forever blossom. — Warren Buffett Warren Buffett, Berkshire Hathaway’s CEO and Chairman, writes an annual letter to provide shareholders with an owner’s manual for the company and never fails to contain tremendous insights. Buffett has a unique gift for explaining complex investing topics in a digestible format. More about the long-term track record later, but Berkshire produced arguably the most remarkable extended performance for investors ever recorded. Even over a shorter period, Berkshire has significantly outperformed the S&P 500. As a rough proxy for the growth of the company’s intrinsic value, the book value growth…