Understanding Investment Behavior in Emerging Wealth Families
As mentioned in our previous blog, THOR Wealth Management recently commissioned a survey of young couples – what we will refer to as emerging wealth. In the survey, we delved into the investment behavior of the emerging wealth and compared their habits based on income levels. We noticed a trend that persisted as income levels […]
Investing Myth: Buying a Home is Always a Good Investment
In a previous blog, we deconstructed a common investment myth about market returns. We will continue with that theme by going through another common investment myth about home buying. No matter if it is your first time or tenth, buying a home is an important life event. One myth that is common to hear is […]
Power of Long-Term Investing (Updated)
The most important dynamic in investing is time. Time and the concept of compounding should be simple and practical but are often misunderstood and overlooked. Source: Jeremy J Siegel, Stocks for the Long Run. The definitive guide to financial market returns and long-term investment strategies, McGraw Hill, 2014, pp6. This chart is a great representation […]
Pros and Cons of Buying vs. Leasing a Vehicle
With the ever-changing landscape of automobiles, we are seeing more and more questions regarding buying vs leasing vehicles. The answer to the question is not cut and dry, as there are pros and cons to both choices. Each individual must weigh the different options to come to the proper conclusion. In this blog, we will […]
Do I Really Need to Buy Life Insurance?
The answer to this question is probably yes if you are 30 something, are growing your family or have recently bought a house and you really have not addressed your life insurance death benefit since you took your first job!! Insurance, in general, is viewed as somewhat of a necessary evil, so many people avoid […]
Compound Interest: The Eighth Wonder of the World
Would you rather have one million dollars in cash or one dollar that doubles for 20 days straight? At face value, you might think “Why would I not take the one million dollars over one dollar right now?” Thinking this way would be short-sighted because, with a little bit of patience, you would be awarded […]
Cryptocurrency Taxation
Do I have to pay income tax on my cryptocurrency (“Crypto”) transactions? Will my Crypto transactions be reported to me? Over the past couple of years, we have heard these questions, and others like them, quite frequently. If you disposed of your Crypto during the year from a taxable account, the short answer is yes. […]
Investing vs Gambling: What’s the Difference?
Gambling has never been so popular and accessible as it is today. Sports gambling is now legal in over half of the US. And if you live in one of the states, like Ohio, where it recently became legal, this is no news to you. Like gambling, investing has also grown in accessibility with the […]
3 Financial To-Do’s When Having Children
Five years ago, Allisha Curtis wrote a blog titled “Preparing Financially to Start a Family”. This was a great blog for couples thinking about having children. The intention with this piece is to keep this topic top of mind and highlight three of the more important things for young couples to do once they have […]
Both Spouses Should be Involved in Handling Financial Affairs
Division of labor in a marriage can be a good and often necessary thing. It can allow couples and families to be much more productive, freeing up precious time to spend on things they enjoy. In fact, according to Pew Research, the perceived fair division of labor is a key component of a successful marriage. […]