Hello everyone! If this is your first FIEGI Report, welcome. If you’ve been receiving the email notification of a new Report and haven’t been watching or reading, there’s no better time than now to start. If you’ve been spending 5 minutes every other week becoming more insightful about finances and investments, great job! Let’s keep it going: 360 Insights Spring 2022 Summary: There are 3 articles included in the link above. Feel free to read one, two, or all three. You’ll be better off for it. Investing Through Emotions Geopolitical Risk & Your Portfolio 7 Tips to Control Identity Theft Conclusions: The start of 2022 reminds us all how much uncertainty can fill the world. The perceived lack of control can lead to feelings of anxiety and stress. One of the best coping techniques is to focus on what we can control. Geopolitical risk is one of the risks that …
We will keep the introduction to this week’s article short and sweet. Enjoy! The Seven Habits That Lead to Happiness in Old Age Summary: The article above should take you about 7-8 minutes to read – it is a must! It describes seven non-financial habits that you can, and should, implement now to be happier later in life. Conclusion: “Your well-being is like a retirement account: the sooner you invest, the greater your returns will be.” Monthly Quote: “We’re too young until we’re too old We’re all lost on the yellow brick road We climb the ladder, but the ladder just grows We’re born, we work, we die, it’s spiritual Enough is never enough American dream never wakes up Too much is never too much We won’t be happy ’til we’re rich and miserable” -Kenny Chesney (from his song “Rich and Miserable”)
Should You Sell to a DSO? Heck No! Over the past several years, dozens of our clients have been approached by DSOs requesting to buy their practice. In the past year, this DSO activity has increased significantly. The DSOs are becoming more aggressive and persuasive in their effort to centralize ownership and power in the dental industry. Dentistry is one of the best, most profitable small businesses in the country, but if dentists aren’t careful, they will give it away. When asked by our clients if they should sell, we always keep an open mind, investigate the offer, and analyze the numbers. In every case, without exception, our conclusion has been this: unless you want to get out of dentistry permanently, or unless you cannot handle being an owner1, do not sell! Lest you think I am biased, let me restate my own position. I am a CPA and I …
If you’ve ever seriously considered buying Bitcoin, please read this article. The principles I’ll discuss below also apply to gold, other forms of currency substitutes and any other speculative (non-productive) investments (e.g. precious metals, stamps, baseball cards, etc.). Around the time Bitcoin reached its then price peak of $19,650.01 on December 17, 2017, we received as a firm a record number of calls from clients who wanted to jump on the bandwagon. For reasons I’ll discuss below, we recommended to not buy Bitcoin. The Bitcoin party quickly died as the Cryptocurrency fell into an almost 3-year slumber (in comparison) with prices dipping almost to $3,000 at some points. Our clients dodged a bullet and we got to look smart, for a season. Now that Bitcoin is back, and with more fanfare than ever (peaking today at a staggering $58,194.50), the number and frequency of client inquiries are heating up again. …
Overview On December 27, 2020, President Trump signed the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (aka “EAA”). Among many other things, the EAA created the “Second Draw PPP Loans Program,” (what we’re calling PPP 2.0) which gives you the chance to basically get the same PPP loan again. Since then, the Treasury Department has released additional guidance providing clarification of this loan program, which I cover below. Many of the details and terms of the loan mirror the first round of PPP loans, hence the term PPP 2.0. Who is Eligible? PPP 2.0 is eligible for businesses, sole proprietors, and independent contractors who:
In our previous blog post, we discussed what value investing is and why we have positioned our PFG Portfolios to take advantage of the value premium. For this week’s post, we hosted a webinar to discuss recent trends in the market (including the recent value premium) and what that means for our portfolios. In case you missed it, check out the recording here! PFG Investments Webinar (11/20/20).
In the world of investments, one way to classify stocks is to differentiate between what are known as “growth” and “value” stocks. The difference is this: growth stocks are relatively more expensive than value stocks; in other words, a growth stock means that an investor must spend more upfront to own the same amount of company assets.
On Thursday, May 28, the House of Representatives passed a new bill (417-1 in favor), which will drastically alter the rules and timeline surrounding PPP Loan Forgiveness. While the legislation has not been signed into law yet, we anticipate that a version of it will soon. There may still be changes to the new law before it passes through Senate, but as it stands now, here are some of the major changes:
In this recording, Nate discusses PPP loan forgiveness and answers questions. You can access the full recording here: Webinar Recording – PPP Loan Forgiveness Review with Q&A 2.0 Slide Deck – PPP Loan Forgiveness Webinar (5.21.20)
Nate will be hosting a webinar at 5:15 PM PDT on May 21, 2020. Register for the webinar here. In this webinar, Nate will cover: Principles of PPP Loan Forgiveness Updates from the SBA and Treasury on forgiveness rules Plan and timeline for helping PFG clients apply for forgiveness Please be sure to register and come prepared with any questions you have!