Did the bible have it right?
No… this is not a religious post. This is simply a reposting of Brain Wesbury’s comments about the ridiculous idea that socialism works. So… give a man a fish and he eats for a day…teach him to fish and he will eat for life…and if you don’t tax the heck out of him for taking the risk to develop a company that brings in fish for an entire community then all people win. BUT…you have to want to participate. Not just suck from those who are productive. Maybe we need people who work in Wa
How much do you need to save if you want to retire with $1 million dollars?
How to retire with $1 million if you’re making $80,000 per year (cnbc.com)Every so often even the mass media produces something of value. If interested in this topic, please click on the provided link…and then give us a call to discuss how Quantum Private Wealth may be able to help you reach your retirement goals.Information contained herein does not involve the rendering of personalized investment advice but is limited to the dissemination of general information. A professional adviser should
I am tired of everything being political. A response to BlackRock.
One of the advantages of running your own boutique investment firm is that you can be honest. I don’t have a compliance group in New York. Nor one in Switzerland. I do not have ‘big brother’ telling me how to invest or who I need to invest with. Because of that, I get to decide what’s in the best interest of my clients. NOT an attorney and not the firm. I am a true FIDICUARY.Where am I going with this? Well, I have been approached for the last 3 years by the folks at BlackRock. For those that
‘Another one Bites the Dust…’
It’s been 32 years since Freddie Mercury passed away and over 40 years since John Deacon penned these lyrics, but they seem particularly appropriate to reiterate this month.The song was written by Queen and released as the third track on their 8th studio album, The Game, that had been recorded at Musicland Studios in Munich, Germany. The reason it’s appropriate is this month marked the end, the shuttering, the closure …one might say, the FAILURE of an ETF created to follow and invest in Jim C
Opening our Tampa Offices…finally
A long time in the planning stage, paused by COVID and a hurricane…but we are open now!QUANTUM PRIVATE WEALTH EXPANDS PRESENCE WITH TAMPA OFFICE (prnewswire.com)QUANTUM PRIVATE WEALTH EXPANDS PRESENCE WITH TAMPA OFFICE
TAMPA, Fla., Aug. 1, 2023 /PRNewswire/ — Quantum Private Wealth, a renowned wealth management firm, is delighted to announce the opening of its new office in Tampa, Florida. This strategic expansion reflects Quantum’s unwavering dedication to delivering exceptional financial a
If I borrowed $1 trillion dollars…..
and offered to pay you back $1 dollar a second when would the principal be paid back???I’ll answer that, but first, I’m calling the game. The game is over. The game I’m calling is this ridiculous increase in interest rates as the fed looks backwards to predict where the economy is going…and keeps pushing rates up up up. I’m calling the top in rates and baring some black swan event, that interest rates will be under 3% in 2 years. It takes a little bit of chutzpah to make this claim. Everyone i
Negativity…its right for about a minute…
Well, well, well, if it isn’t Mr. or Ms. Negative Nancy! Let me tell you something my friend, being negative really doesn’t pay off. Sure, you might get a temporary sense of satisfaction by pointing out all the flaws or shortcomings in a situation, in a candidate, in a person or position or a situation but in the long run, negativity is a losing game. Does being negative get you what you want? Think about it, have you ever encountered someone who’s always spouting off negative comments and attit
Death and Taxes…part 1
We do not give tax advice. This is informational at best…may be wrong and as our attorneys advise..please contact a professional accountant prior to listening to anything I might say…Understanding the Complexity of the US Tax CodeIn today’s blog post, we will delve into the intricate world of the US tax code. Brace yourself for a rollercoaster ride of rules, regulations, and mind-boggling complexity!Part 1 : The Problem (the fact that there are multiple parts shows the problem)Introduction
Life, the Universe and Everything
Wall Street’s major averages closed out a strong first half of the year on an upbeat note Friday, powered by technology stocks as Apple achieved a historic $3 trillion market capitalization. Moreover, the Federal Reserve’s favorite inflation gauge – the core personal consumption expenditures index – moderated in May on both a month-to-month and year-to-year basis, easing some of the rate concerns that have weighed on markets recently. All 11 S&P sectors ended in positive territory for the day, l
The Banks ARE NOT going out of business..
No matter what the pundits have been saying it looks like the banks are not all failing…Per Bloomberg…the Federal Reserve’s Annual US Bank stress tests did not show major weakness.Michael Barr, vice chair for supervision at the US Federal ReserveWall Street Banks Ace Fed Stress Test, Clearing Way for Payouts
by Bloomberg News
June 28, 2023Wall Street’s biggest banks passed the Federal Reserve’s annual stress test, clearing a key hurdle for returning billions of dollars to investors.
The 23 l