Each tax year, the risk of identity theft is highlighted in the news as scammers adopt new methods to separate people from their money and credit.
The first three and a half months of every year often provide a reminder of the maxim “nothing is certain but death and taxes.” Our fear of taxes (or the IRS) and the regularity of filing returns drives most of us to be punctual, prepared, and accurate in our annual preparation for the inevitable.
Driven by several factors including a decline in the China stock market, the price of crude oil, negative interest rates in Japan, concern about slowing global economies and a strong U.S. dollar, global equities are off to their worst start in years. While this may seem like new territory, challenges have existed in the stock market from its beginning. The question of a stock market correction has never been one of “if”, but “when” it would occur. One of the things that is most certain in the world of investing is that it can be very uncertain at times. This can get even more magnified in the short term. Understanding this provides perspective.
Over the past few weeks, consumers of worldwide media have been bombarded with alarming news from the financial markets in Greece, China and Puerto Rico. If those stories weren’t enough to promote a feeling of uneasiness, the New York Stock Exchange shut down last week for a few hours for what was deemed to be a “technical glitch.”
In light of recent news headlines related to the Anthem cyber-attack, it is important to revisit the critical importance of controlling those things in our financial lives that remain within our control. This includes partnering with companies who have a solid plan for your information security, and understanding the “worst-case scenario” if your personal data is accessed during a cyber attack.
Andy joined SYM Financial in January of 2014. Most recently, he lectured courses in investments and portfolio management at Loyola University Chicago's Quinlan School of Business, the 17th-ranked undergraduate finance program in the country.