Financial Perspectives from a High School Senior

In an educational system that teaches students a seemingly endless amount of knowledge in their mathematics or history courses, they often leave out the pivotal financial realities their students will encounter in the coming years. High school and college students can acknowledge their own lack of experience with financial affairs but must be well-versed and educated in these areas during their youth in order to fill this void.

The more crucial areas that young adults will experience > SEE MORE

Tom Geoghegan

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Tom Geoghegan

Founder and Private Wealth Advisor
Beacon Hill Private Wealth

Half of a Whole: When You Lose a Spouse

Whether it’s sudden and unexpected or after an already lengthy ordeal, there’s nothing that can prepare you for losing your spouse. Grief and mourning affect each of us uniquely, but all widows and widowers share a painful dilemma: On the one hand, the world seems to demand rapid response to a barrage of critical questions – financial and otherwise. On the other hand, it’s usually a terrible time to be making big decisions, especially if they really can wait.

Here are some helpful handholds to hang onto if you have been recently widowed (or you know someone who has), plus preemptive steps to take if you’re reading this in happier times.

If you’ve just been widowed … > SEE MORE

Tom Geoghegan

Posted by:

Tom Geoghegan

Founder and Private Wealth Advisor
Beacon Hill Private Wealth

Protecting Your Child from Identity Theft

 

In September 2017, about a year ago, a massive Equifax security breach became public knowledge. If there was a silver lining to this infamous event, it likely spurred more consumers to take more measures to protect their identities. Perhaps you’ve frozen your lines of credit, or you’re at least checking your credit reports more regularly these days.

All well and good. But what about your kids? As distasteful as the idea may be, child identity theft is a serious and growing concern, for several reasons:

It happens more often than you might think. In a 2018 Child Identity Fraud report, Javelin Strategy & > SEE MORE

Tom Geoghegan

Posted by:

Tom Geoghegan

Founder and Private Wealth Advisor
Beacon Hill Private Wealth

Ignore Politics In Investing


 

The economy is clearly doing well, with real GNP growing 4.1% in the second quarter and expected real growth of 3% in this quarter. In addition, unemployment has fallen to 3.7% (the lowest since 1969), and inflation remains well under control. In September, the Consumer Price Index for All Urban Consumers increased 0.1% on a seasonally adjusted basis, rising just 2.3% over the last 12 months.

Given these sets of facts, you would think investors’ views of the economic outlook would be good. And you would be both right and wrong!

Tale Of 2 Economies

The September monthly survey from Spectrem Group, which conducts ongoing primary research on investors, found amazingly > SEE MORE

Tom Geoghegan

Posted by:

Tom Geoghegan

Founder and Private Wealth Advisor
Beacon Hill Private Wealth

The Happiness Equation

To say that “money isn’t everything” is more than a cliché. Studies in the early 1970s demonstrated that a sense of well-being, or happiness, had not increased commensurately with income over the previous half century.1

That trend continues as the modern world has arguably made well being more elusive than ever. Fortunately, positive psychology arose in the 1990s, attempting to find the key to understanding what makes people flourish. It has spawned the so-called happiness literature that seeks modern truth by weaving together science and ancient wisdom. How to be happier is now the most popular course at Harvard and Yale.2

Business people and entrepreneurs are also contemplating some of these age-old questions. Mo Gawdat, a serial entrepreneur and Chief Business Officer at Google X, tried to engineer a path to joy in his book, Solve for Happy, by expressing happiness as an equation.

HAPPINESS ≥ Your Perception of the EVENTS of your life − Your EXPECTATIONS of how life should behave

According to Gawdat’s model, if you perceive events as equal to or greater than your expectations, then you’re happy—or at least > SEE MORE

Tom Geoghegan

Posted by:

Tom Geoghegan

Founder and Private Wealth Advisor
Beacon Hill Private Wealth