History of the FedThe Federal Reserve System (“Fed”) is the central bank of the US. It was established by Congress in 1913 in the wake of the Great Depression with the primary functions of conducting the nation’s monetary policy, maintaining stability of the financial system, and supervising and regulating banking institutions. The Fed is considered…
The Parental Responsibility: How are we doing? In school our kids are taught a lot of subjects, but financial literacy is not one of them. What is the value of money? What is the time value of money? What is the difference between simple and compound interest? The teaching of financial literacy, like morality or…
Yada, yada, yada. The retail investment industry has spent decades reeducating and redirecting the masses – away from stock and bond trading to asset allocation-based asset management. One reason is self-preservation. Trading is transactional and commoditized. The emergence of discount brokerages initiated a race to the bottom for trading commissions. The other reason, the one…