The X Date
By Alicia Carinalli and Chris Selvar Debt has generally been an unpopular and contentious topic. Usually, lawmakers don’t like to be seen signing off on more federal borrowing or spending, but in the current environment, they don’t have much of a choice as debt is required to make good on promises already made in the form of […]
The Financial Tightrope
“The thing that most affects the stock market is everything.” James Palysted Wood, 1966 The market can be a tightrope sometimes. A constant balancing act of varying forces. All these forces combine into a melting pot called “the market,” where we find an equilibrium known as “price.” In today’s ever-changing world, balance isn’t easy to […]
That’s How Capitalism Works
‘That’s how capitalism works.’ With that quote, President Biden, Monday morning, addressed heightened stress in the banking sector. Over the last ten days, events immediately recalled the ghosts of 2008. Three banks failed within a week. Silvergate Capital was the first as they chose independently to wind down operations on March 8th. Silicon Valley Bank […]
Mainspring Cares 2022: Three Times The Impact
June 3, 2022 marked another successful day of Mainspring Cares, the all-firm volunteer program at Mainspring. Choosing a day each year to come together as a group and dedicate our time and heart is indicative of the culture at Mainspring and this year we were fortunate to help serve three organizations in our community. The […]
Current Market Conditions: A Conversation With Brian Frederick
It has been a tough year in the markets with seemingly nowhere to hide. The S&P 500 hit an all-time high on January 3rd after a very solid three years in a row bringing double digit returns. While the run up was great, a decent downturn and bear market at some point was inevitable. We met […]
How Inflation Affects You and Your Portfolio
By Rory O’Sullivan, CFP® Inflation is at a 40 year high and is impacting everything from wages, to gas and grocery prices and interest rates; which in turn creates market volatility. To understand how inflation affects you in addition to rising prices, it’s best to put it into context. In the first quarter of 2022, […]
Remembering Our Friend and Colleague Tia Sanidad
By Kevin Skogen, CFP®, ChFC® Chief Executive Officer, MWA LLC CERTIFIED FINANCIAL PLANNER™ Tia Sanidad represented a number of firsts for many of us at Mainspring. She was the first one to hire Jeremy, Ed, and myself at Metlife and gave us our first ‘real’ jobs in the industry. Tia was also responsible for introducing me […]
Bitcoin 101: Is It A Viable Portfolio Option?
By Brady Redington, CFP® Over the last decade the popularity of cryptocurrencies like Bitcoin, Ethereum, and others have gained momentum and popularity among techies and investors. And with prices reaching all-time highs, cryptocurrency has gained a lot of traction in the news and it is one of the most common things we get asked about […]
Quarterly Market Update: The Shot Heard Round The World
This phrase refers to April 19, 1775 and battles of Lexington and Concord which marked the start of the American Revolutionary War and our struggle against overwhelming odds to defeat the British. Today it can have another connotation, but potentially no less significant or daunting in nature. The United States has again been at the […]
The Basics of Social Security
Since 1935, Social Security has been one of the most important sources of income for retirees, however it is wrought with nuances that can leave even the most savvy person frustrated and confused. When the program accounts for the majority of income for most retirees, you’d be remiss if you didn’t do all it takes […]