Managing Director, Ed Doughty, just returned from a 12-day trip serving in several remote regions of Ethiopia with Wine To Water, a North Carolina based non-profit that aims to eradicate the global water crisis. While there, he and several other volunteers worked on three separate borehole wells with their local ground partner, Water is Life International and their incredibly hard working crew of locals. They utilized what is known as a percussion-well drilling technique, manually drilling down 21-meters to the aqua-fore and then assembling the actual well pump. Ed also learned about Sustainable Living Teams (SLTs) which are groups of 10-15 women who through financial awareness training are able to save weekly and then make small loans (with interest) to one another to enhance whatever livelihood they already have, or to help start a small business. These teams were extraordinary and their communities were really beginning to thrive. To learn more about this extraordinary organization that is very near and dear to us here at Epic Capital, or to help support their efforts, please visit them at http://winetowater.org
The Federal Open Market Committee (FOMC) increased the target rate by 75 basis points (bp) to a 3.25% upper bound and delivered a more pessimistic outlook in their published Summary of Economic Projections.
You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives. In fact, Fidelity Investments now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the … Continue reading “Healthcare Costs are Cutting into Retirement Preparations”
Investors are routinely warned about allowing emotion to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial choices. In a battle between the facts & biases, our biases may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices when … Continue reading “Do Our Emotion or Biases Affect Our Financial Choice”
At one point or another, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do – you could recognize investments with a loss and practice “tax-loss harvesting.”
Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a good thing. Over time, the performance of different investments can shift a portfolio’s intent as well as … Continue reading “Rebalancing Your Portfolio”
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