Take A Minute

A Note from Henry Ford: As a business owner, the lines between business and personal finances can sometimes be blurry – especially when business is good and priorities require immediate attention. At LifeSteps Financial, we try to help by taking a global view of the financial landscape and provide insight and advice on short and…

DATA CONFLICTS

Looking Back at November The U.S. stock market had some nice gains during the month of November. However, economic data was mixed.  Manufacturing was slightly weakened throughout the year. Consumer and service sectors remain strong.  (Black Friday and Cyber Monday exceeded previous online records.) And, because global manufacturing has weakened, several Reserve Banks outside of…

September is National Preparedness Month

Our colleagues over at American Business Bank recently sent us a reminder about the need to be vigilant and prepared for earthquakes. While we focus at LifeSteps Financial on being vigilant and prepared with finances, this reminded us to be equally vigilant and prepared for unexpected acts of mother nature. In California, that means earthquakes and fires. Here…

Slowing Growth

Looking Back at August August was a volatile month with the stock market dropping almost 3% on August 14, 2019 when the yield curve inverted for the first time since 2007. The yield curve inversion means that the interest rate on the US two-year bond is higher than the interest rate on the 10-year bond.…

Terminology: Risk Management

Risk Management Is a term used in finance. Basically, it is the practice of identifying future or potential risks in advance, analyzing them and then taking the necessary steps to try to minimize or reduce the risk. A well-balanced portfolio should be designed with a variety of assets, including (but not limited to) equities, fixed…

Mixed Messages

Looking Back at July Worldwide economies have not been as robust in recent months as the United States economy.   During the month of July, the U.S. economy was very strong, and the market reflected this with the S&P hitting all-time highs, passing the previous 2950 mark.  This discrepancy between the U. S. economy and the…