Money Wisdom & Musings

Here's your source for thoughts and observations on all things financial (and otherwise). Topics can range from tips on your personal well being to the well being of your investments. As always, we welcome your comments and feedback.

Goals and expectations

Posted by Susan Veligor on January 30, 2017

This is the time of year when many of us think about what should be accomplished over the coming 12 months. January offers a fresh start, a clean slate, and the days ahead are filled with possibility. We at Cornerstone, of course, think about investment perspectives for 2017; where the economy stands, the global macro issues we face and also the political wave of populism sweeping the world. What…

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Rising Rates

Posted by Mackenzie Arsenault on December 27, 2016

On Wednesday, December 14th the Federal Reserve increased interest rates by 0.25%, to a range of 0.50% - 0.75%.  This was the second increase in a decade, the last one being December 2015. The increase reflects the Fed’s confidence in the US economy and Janet Yellen stated that they expect the economy to continue performing well. Some economist are predicting that the rates could rise at a…

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What Happens Now?

Posted by Jill Boynton on November 10, 2016

They say that the markets hate uncertainty. The election of Trump last night as our next president at least brings some certainty back into the markets, but adds to it through many unanswered questions. What will his administration do with the Affordable Care Act? Will he build a wall around our border and restrict global trade? Will Russia attempt to assert its strength on the US? These…

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Live from my standing desk

Posted by Mackenzie Arsenault on October 5, 2016
Live from my standing desk

Currently Americans sit for nearly six hours per day and research has proven that this type of inactivity can lead to early death and cancer. However standing isn’t necessarily the fix, any non-activity for an extended period of time can be unhealthy whether it’s sitting or standing. In a world driven by screens we need to remind ourselves to get moving; take a walk or choose the stairs…

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The Pendulum Swings Towards Corporate Responsibility

Posted by on October 3, 2016

Morningstar, a leader in investment research and mutual fund analysis, has launched new Sustainability Ratings in partnership with Sustainalytics. This new rating system is applied across all mutual funds whether they are considered to be a ‘SRI’ (Socially Responsible Investment) or not. The new rating system reveals that many non-SRI funds are indeed sustainable. With Morningstar’s new…

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The "Good Old Days"

Posted by Jill Boynton on August 3, 2016

Were “the good old days” really that good? Memory is a funny thing. We tend to remember good things that happened more than bad, perhaps contributing to the generalization that life in past years was better than it is today.  Morgan Housel, of The Motley Fool, examined that idea recently and found it to be inaccurate in at least 3 economic areas. First, Housel looked into the common idea that…

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Thoughts from a Hammock

Posted by Susan Veligor on July 27, 2016

Amidst these lazy hazy days of summer, many of us find an escape from the routine work week to indulge in a bit of R&R. This probably isn’t the environment under which one considers their finances – and that is perfectly okay! However, you may have a child who is out mowing lawns, scooping ice cream, camp counseling or otherwise engaged in some income producing labor. And this presents an…

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Ribbon Cutting Ceremony

Posted by on June 6, 2016
Ribbon Cutting Ceremony

  Cornerstone held a ribbon-cutting ceremony and open house to celebrate their new offices on Union Wharf. Mayor Strimling and Joe Pickering from the Chamber of Commerce presided. Oysters on the half shell (from BP’s Shuck Shack) and Jumbo shrimp cocktail (by Vinnie Veligor) rounded out other delightful delectables provided by Foodworks of India Street. We are grateful to our many guests who…

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Day of Caring 2016

Posted by on June 6, 2016
Day of Caring 2016

Here we are at Memorial Park in Biddeford for United Way’s Day of Caring. We helped create a “learning” trail for young folks, replete with actions to support their evolving education. We love primary colors!

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Online Retirement Calculators May Fall Short

Posted by Jill Boynton on May 1, 2016

Recently a study of 36 online retirement planning tools found that most give misleading advice, often showing outcomes that are far more favorable than the results that would come out of retirement planning software used by financial planners. This could be very harmful to users who may think they are confidently on the path to retire when, in fact, they are not taking the necessary steps. The…

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