On the Trip of a Lifetime, How to Budget and How to Splurge

Tom Levinson Life with Money

Working remotely the past several years, our Park Piedmont team has stayed close in a number of ways – chief among them, team huddles over Zoom. The huddles are our virtual water cooler: a space to convene, connect, and catch up. As you’d expect, when any of us has a big plan on the horizon – say, a family move or …

The Unwritten Rules of Money

Tom Levinson Life with Money

Not long ago, on our neighborhood’s email list serve, a family having their kitchen gutted and remodeled posed a question. “Is it appropriate (expected/customary),” they asked, “to give the workers, not the contractor, a cash gratuity?” Around the same time, a friend was recounting a recent family road trip in Montana. The parents and their high school age kids had …

An Introduction to Life with Money

Tom Levinson Life with Money

Among the building blocks of our work as an investment and financial advisory firm, one is a prerequisite: an interest in money. Now, what we’re calling this “interest in money” isn’t actually about accumulation. There’s nothing wrong in a prosperous life – indeed, there can be much good. And the subject of wealth accumulation – for example, the question, “How much …

Inflation

Tom Levinson Comments

Gas prices above $5 and $6 per gallon. Spiking costs for airfare, cars, rent, and groceries.  Significant declines in the stock and bond markets. Earlier this month, the Department of Labor reported that in May, the Consumer Price Index (CPI) had surged 8.6% from May 2021. This marks the highest inflation rate in the U.S. since December 1981. (CPI is …

How the Boston Celtics Saved Their Season

Tom Levinson Comments

Late in the evening of January 6, 2022, Tom sent a text message to a friend. This friend lives in Boston, follows the NBA closely, and is a lifelong Celtics fan. Earlier that evening, after trailing by as many as 25 points, the New York Knicks (a grim, unfortunate passion of Tom’s) had staged a stunning comeback, beating the Celtics …

Early Lessons About Money

Tom Levinson Comments

Usually in our Monthly Comments, we share our observations about the financial markets. But this month, we’d like to shift the focus, onto some thoughts about how we live with money. We start with a question: How did you learn your early lessons about money?  Was it from your family? Or maybe from your friends? Were you in a classroom, …

Nov 2017 Comments: Giancarlo Stanton & the Folly of Prediction

Tom Levinson Comments

As you may know, the Levinsons are pretty big baseball fans. Vic and Nick actually coached Tom’s little league teams (photos are available upon request), and Nick and Tom (and their sister Lynn) grew up going to Yankees games on the 4 train in the 70s and 80s.  So there was some excitement upon the announcement, made this past weekend, …