Diversified Asset Management, Inc. – 2020 1st Quarter Newsletter
Act Before Hitting The Crossroad Of Fiscal And Tax Reality
The United States Government's Covid aid to individuals and businesses is expected to raise the nation's debt to about $28 trillion. For high-earning and high-net worth individuals now is your last chance to act before higher taxes are expected to be enacted in 2021. Here's what you need to know:
Beware Of “Choice Architecture” When Making Decisions About Health, Wealth And Happiness
Simply by rearranging the placement of foods, cafeteria managers can increase or decrease their consumption by as much as 25%! To be clear, workers at cafeterias and restaurants wield enormous influence over what people eat.
Starting A Business? Plan To Succeed
In America's capitalist system, an economic cycle entails destruction of businesses and their
replacement with better businesses. It's survival-of-the-fittest, a process in which the ranks of businesses are periodically thinned by recessions.
The Covid recession, early evidence suggests, is leading to a boom in entrepreneurialism. "The pandemic has had all sorts of unexpected consequences, from a boom in sourdough-bread baking to more people listening to nostalgic music on Spotify," according to The Economist on October 10, 2020. "Less noticed is a once-in-a- generation surge in startups.”
Test Your Knowledge Of Urgent Wealth Management Issues
Do you know what's happening at this pivotal moment in U.S. financial history? Take this quiz to find out.
Family Wealth Transfer Opportunities Spawned By Covid
Whether you're a grantor or beneficiary of a taxable estate, current conditions require attention. Stock market volatility and drops in real estate values in cities, two financial side- effects of the Covid pandemic, create considerable opportunities to transfer family holdings to the next generation.
SEC Is Struggling Amid Covid Pandemic
Since it's probably not on your reading list, here are highlights investors need to know from the
2020 annual report of the Enforcement Division of the U.S. Securities and Exchange Commission.
Policing Securities During Covid. "By mid-March, the entire Division had transitioned to mandatory telework and essentially all of our operations were conducted remotely," says Stephanie Avakian, director of the division.
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Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.
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