Mid-Year: A Few Thoughts About Risk

My neighbor’s house has flooded. Here on the shores of West Okoboji, the spring rains were heavy, but not terribly unusual. However, the rain continued all through June. The final storms were epic: six plus inches of rain overnight flooded the beach and powerful winds pushed the lake across my neighbor’s yard into their house. […]

Tax Time

Another tax season has come, and as I write this, is mostly gone.  We stay busy this time of year helping clients run down tax documents, explaining tax documents and soliciting opinions from assorted CPAs about what should be done with these documents. Iowa Wealth Management is not a tax preparation business, and we are […]

State of the…

The hall took some time coming to order. Old friends saying hello, moving without hurrying to their places. The same seats every time, which made it easier to spot those choosing not to attend.  The speaker waited for good order to be made by the slowly quieting assembly. After all, he had been here the […]

Women with Money: A Winning Combination

Today is March 25th, 2024. I’m writing this piece in my office, watching the pregame commentary for the Iowa Women’s Basketball team before their matchup against West Virginia. Tonight will be Caitlyn Clark’s last home game at Carver Hawkeye Arena, and like a lot of people across the country, I will tune in to watch her team […]

2023… Good Things Came To Those Who Waited

That ended well. Thank goodness. It was a year to be patient. Financial markets struggled to regain ground from the prior year’s losses for much of 2023, swooned in the fall and then came back to make (most) things right during the last quarter – at least for those who held their financial assets the […]

2023… Good Things Came To Those Who Waited

That ended well. Thank goodness. It was a year to be patient. Financial markets struggled to regain ground from the prior year’s losses for much of 2023, swooned in the fall and then came back to make (most) things right during the last quarter – at least for those who held their financial assets the […]

The Bill for Artificially Low Rates Must Be Paid

Decisions were made. Some were reasonable, others less so. With the world’s economy collapsing in the wake of the COVID outbreak and the resulting clampdown on activity, governments flooded their economies with cash while central banks pushed rates as low as possible. It worked: there was no Great Depression of 2020. Then, like addicts, well […]

My American Experience

When I was eight, I found myself at an acreage outside Wilber, Nebraska sitting on a retaining wall peering through the night sky at the moon. It was a warm July night, and upon the surface of the moon inside the Lunar Module Eagle sat Neil Armstrong and Buzz Aldrin. Shortly, I would be called […]

What is Money?

When Cheryl and I were still in the child rearing phase of our family life, we made time for dinner most every night. Despite a hectic schedule of work, school, soccer, dance and music, the four of us found the time to share the evening meal and some conversation. While still quite young, one of the girls asked […]

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