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Money Matter$

Insights from the Sommers Financial Management Team

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An Everyday Millionaire by Ken S.

With the help of my son Adam’s knowledge about everything money, I can now call myself an “everyday millionaire“, a phrase coined by Chris Hogan, author of Everyday Millionaires. The total of my bank accounts and investments minus my debts comes to more than $1 million.

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Two Issues Plaguing the Market as of January 1st, 2019

December was the worst month for the stock market since February 2009, when the world still thought banks might become extinct. While we have no similar global catastrophe on our radar, there is definitely worry in the stock, bond and commodity markets. An upcoming recession is on everyone’s minds, and the two most disturbing market forces today are: 1. Rising interest rates 2. Tariffs & trade wars

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