Sari Holtz on why investors need to think like politicians
Why you should read it: The presidency under Trump has been, for lack of a better word, interesting. Sure, there’s a lot of talk about his Twitter account, indecisiveness and outlandish statements, but how have his political decisions affected the economy? Author Sari Holtz, partner manager at DailyForex, analyzes Trump’s presidency thus far and how certain actions have led to the changing value of the dollar.
Top quote: “Make sure to diversify your investments and to consider mitigating your risks by taking some positions that will benefit from Trump’s successes and others that will see gains if he fails.”
2. Daniel Choi on the role of women in today’s economy
Why you should read it: Gender stereotypes are highly outdated, and none more so than the idea of men being the sole breadwinners of the family. Males are no longer the only ones handling the family finances, with women staying home to cook and clean and take care of the kids. Not only are these roles shifting, they’re actually pulling a 180, as outlined in this piece by Daniel Choi, a wealth management advisor and host of the FinancialWakeUpShow.com.
Top quote: “Women have become significant household earners and more often become the key decision makers. One Wall Street Journal article posits that, by 2022, women will control over 60% of the wealth in the United States .”
3. Russell Guthrie on public trust after economic failure
Why you should read it: Following the 2008 financial crisis, the need to rebuild public trust and improve governance and sustainability continues to be critical in restoring confidence in the global economy. But with such a complex and arduous task, where does one start?
In this article, Guthrie, the CFO and executive director of external affairs at the International Federation of Accountants (IFAC), maps out actionable steps that can be taken to solve large-scale economic problems. Solutions include implementing internationally-accepted standards, creating a “secure and digital-ready investment environment,” and more.
Top quote: “Public sector financial management is the backbone of all governing body decision making, so government transparency and accountability is a critical piece to restoring public trust. Government entities must constantly examine their public sector financial reporting and switch from cash-based to accrual-based financial reporting to provide a more accurate estimation of a nation’s income, costs and assets.”
4. Nigel Green on the foreign powers impacting the economy
Why you should read it: Confirming the need for portfolio diversification, Nigel Green, founder and CEO at DeVere Group, hones in on investor strategies in relation to international economic standings. For example, how will the Brexit negotiations affect the U.S. economy? How has Trump’s alleged link to Russia impacted the VIX index? And how might China’s credit decline trigger a potentially sharp devaluation?
Top quote: “ The question we now face is not when or if the world’s second-largest economy slows, but the rate at which it does so… But few investors seem to be making provision for this. Are they distracted by important — but not exclusively so — geopolitical factors, such the circus surrounding Trump’s administration and the landmark Brexit talks?”
5. Danielle Kunkle on what you need to know about Medicare
Why you should read it: Healthcare has been a major (though uncertain) topic of discussion around the political economy. This heightens the importance of understanding the current landscape of healthcare insurance, something that’s already difficult to get a succinct handle on.
Author Danielle Kunkle, co-founder of national insurance broker Boomer Benefits, fulfills the task of simplifying two insurance plans that are often in question, Medigap and Medicare Advantage.
Top quote: “While the lower premiums and extras are attractive, there are back-end costs in Medicare Advantage plans. These might be minimal while you are healthy. However, they can add up quickly in years when you need more healthcare services, so it’s important to be aware of them.”