Dear Quentin, How can one best give sizable cash gifts to family and friends without being seen as “flaunting wealth”? We have some family and friends who are struggling to make ends meet, particularly as a result of the pandemic. Having means, we chose to help them financially and sent …
Read More »Outside the Box: 7 financial resolutions that can boost your wealth for a lifetime
Every year at this time, the financial media is filled with lists of how to be a better investor. This got me to thinking: If these lists are so effective, why do we need a fresh set of them every year? Two answers come immediately to mind. First, investors are …
Read More »: Millennials to redistribute wealth from older generations to the young in new ‘age of disorder,’ warns Deutsche strategist
It probably won’t take a great deal of persuasion to convince investors that there’s an “age of disorder.” That’s the title of a new Deutsche Bank research note, which says the world is entering its sixth distinct era of modern times. So say goodbye to the “era of globalization” and …
Read More »Outside the Box: These 4 groups of funders are uniquely positioned to help close the racial wealth gap
The dual plagues of the pandemic and racial inequities are shining a powerful light on the cracks and gaps in our systems and revealing the horrific toll of unchecked racism that affect communities of color. I have been flooded with calls from friends, clients, allies, and partners who are not …
Read More »The only way to truly solve the race problem in America is to narrow the wealth gap, black economists say
The unrest in cities across the U.S. this week is just the latest manifestation of a struggle that will continue until the wealth gap between white people and black people is addressed, black economists said. What is the wealth gap? It is the stark divide between how much capital white …
Read More »Outside the Box: Debt, wealth destruction and lower pay will be coronavirus’ legacy
Policy makers often describe their approach to the COVID-19 crisis as placing the economy in hibernation or an induced coma. In that sense, the restoration of normal functioning after the patient is revived will be the true measure of success. Post-pandemic recovery will experience effects that persist after the initial …
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