Let's talk money.

BY PATRICK VOLK, Oct 26, 2017
Social Security was built as a safety net back in the 1930’s. If you work, you pay into the social security system, 7.65%. It’s actually broken down into two parts, 6.2% goes towards OASDI (Old age, survivors and disability) and the other 1.45% goes to Medicare (medical insurance for everyone 65…
BY PATRICK VOLK, Oct 19, 2017
On October 12, 2017, the Protecting Advice for Small Savers Act of 2017, H.R. 3857, passed the House Financial Services Committee. It now enters the official House for vote where it’s expected to be passed into law. What does this mean for you? It means that your financial advisor, your financial…
BY PATRICK VOLK, Oct 11, 2017
An ETF, or exchange-traded fund, is a security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily…
BY PATRICK VOLK, Oct 3, 2017
noun 1. The theory that every skill needed to survive a financial downturn mirrors the skills needed to survive the zombie apocalypse. 2. A stripped down, no nonsense approach to financial survival.The above definition is from a book , Zombie Economics, a Guide to Personal Finance by Lisa Desjardins…
BY PATRICK VOLK, Sep 26, 2017
An index is a basket of stocks/bonds which are used to track the overall market or a particular sector or region of the investment universe. One example would be the S&P 500, which tracks the largest 500 US companies. Indexing is a passive form of investing in which the investor tries to…