The Family Office Chronicle

Financial Gravity’s Family Office Directors help clients offset, convert, and eliminate taxes with smart planning strategies during and beyond tax season

Explore how AI parallels past tech revolutions, from the internet to biotech. Discover the risks, opportunities, and valuations shaping today’s market.

Reflect on 25 years of change and opportunity in investing. Learn how to maximize net returns, tackle inflation, and secure your financial future.

Tariffs are more than taxes. They can protect industries, raise consumer costs, and shape investor decisions. History shows their impact is unpredictable—but smart, long-term retirement planning can weather these storms.

Thanksgiving reminds us of gratitude’s power, even in finance. Studies show thankfulness boosts resilience, reduces impulsive decisions, and strengthens advisor relationships. Shift focus from wealth to purpose for lasting success. Get a no-cost portfolio analysis today.

According to Statista, at the end of 2023, there were nearly 22 million American millionaires. That’s almost 7% of our population; one in every 14 Americans is now a millionaire. One might assume that being a millionaire would guarantee entry into a privileged class, but we believe a credible argument can be made that our millionaires are the single most underserved cohort in the U.S.

Elections in America can get pretty intense. Politics has sometimes been a blood sport quite literally, but we caution readers to compartmentalize when considering their vote because it has been a very bad idea to confuse the outcome of elections with the behavior of the stock market. In this month’s Chronicle, we’ll be reminding our readers not to predict the financial outcomes of elections. We believe that they will take comfort from the actual historical record.

August, typically a time of dog days and road trips, got off to a rocky start this year. On August 5th, the Nikkei 225, Japan’s broad stock market, experienced its worst one-day loss ever, down 12.4%. Stocks tumbled worldwide, including in the U.S., with the Nasdaq off over 6% in early trading and the S&P 500 off a similar amount by noon. The culprit, we were told, was a weaker-than-expected jobs report for the U.S. These economic reports miss their targets all the time. There’s nothing new about that, but this felt more like the straw that broke the camel’s back. Although the S&P 500 has recovered, there was no mistaking the gloomy mood on Wall Street. Once again, we heard the dire warnings of an imminent recession. Investors must remember that this was all entirely normal and that the media values its clicks and views more than your portfolio.

investing has a rich and varied lexicon of colorful words and phrases like “dead cat bounce” and “garbatrage.” “Catch a falling knife” is a particularly colorful term that refers to buying a stock at a perceived bottom after a sharp decline in value. It’s a cautionary tale, a word to the wise. It follows statements like “How much farther can it fall?” and “It’s never been so cheap.” This can happen on the upside, too. Sometimes, prices become irrationally exuberant, and FOMO—fear of missing out—can create an irresistible urge to get in on the action. Residential real estate has been on fire since the Pandemic began, and the work-from-home megatrend began in earnest. We suggest our readers carefully consider either buying or selling: prices have never been higher, and the knife may soon begin to fall. They should take great care before reaching out.