Since the presidential election, the stock market has marched forward on the prospects of faster economic growth, regulatory reform and tax cuts. So far, we have gotten none of these. The economy continues to grow at about 2%, there has been no significant regulatory reform and tax cuts are a hope on the distant horizon. We have no idea if or when any of these things will emerge, but investors are acting as if not only are they a done deal, but that the outcomes were exceptional.Details
Just when you finished securing all of your private information to make it safe from identity thieves, along comes ransomware. This increasingly popular and disruptive form of cybercrime – which makes files and data stored on computers inaccessible unless a ransom is paid – was once an obscure niche for hackers. In addition to individual PC users, ransomware attacks are now affecting larger systems including government agencies and some of the world’s biggest corporations. With sophisticated ransomware software available online for hackers to use and the rise of anonymous digital currencies such as bitcoin, chances are good that the attacks will continue to evolve and multiply.
Last month, I was elected vice chairman of the Colorado Children’s Hospital Foundation – an organization that I’ve been involved in for nearly two decades. I joined the foundation’s investment committee in 1998, became a board member in 1999 and have chaired the organization’s investment committee since 2001.
Being a Millennial isn’t easy these days. Burdened by massive student loan debt and higher unemployment rates than their Generation X or Baby Boomer counterparts, millennials are having a hard time establishing a firm financial footing.