Ronald Read spent the better part of his life working as a mechanic and a part-time janitor at J.C. Penney—a far cry from the highly skilled jobs that normally produce millionaires over time. Yet, following his passing last summer, Mr. Read’s estate made its first distributions—$4.8million and $1.2 million to the Brattleboro Memorial Hospital and the Brooks Library, respectively. Wait […]
Volatility has rattled the market with the S&P 500 down slightly more than 11% in just six trading days (though 8/26/15). Global markets have fared worse. But, my advice to you now is – don’t let it rattle you too. To many investors, this correction may feel especially dramatic (and a bit scary) because of […]
China rattled global equities on Tuesday, August 11 when they devalued the yuan against the dollar nearly 2%; the largest devaluation since China implemented its ‘modern’ exchange rate system in 1994. The S&P 500 immediately sank -1.5% at the start of trading on Wednesday (August 12), and European markets finished the day down -2.7%. China […]
