Posts From Greg Naylor

Greg Naylor is a partner and co-founder of Fiat Wealth Management, an independent financial advisory firm in Long Lake, Minnesota. He has been investing for over 9 years and enjoys sports, reading, singing, and spending time with family. Greg is a 2004 graduate of the University of Minnesota and lives in South Minneapolis with his wife and two beautiful children.


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2018 Tax Reform Offers Short-Term Gain, Long-Term Pain

The new tax plan, in my opinion, is not overly significant. From an economic standpoint, since other nations have lower corporate tax rates, there is a competitive logic to lowering our corporate tax rate, which this bill does. The problem with this bill, from a Democratic standpoint, is that most…

2017 Market Review & Update: The Year Of Investor Cheer

There was a lot of good news for the stock market in 2017… and even some good news sprinkled in for the bond market. Our 2017 market review is brief, yet hits some major highlights. 2017 Market Review Global central banks were either adding stimulus (Bank of Japan, European Central…

Market Commentary: Tax Reform Bill Inches Forward But Still In Limbo

The house passed its version of the tax reform bill, and it appears likely that some version will also pass the Senate, giving Republicans a much-needed victory. Under the Senate’s version, a majority of low-income and many middle-income taxpayers will see their taxes increase over the next 10-years (some would…

Will Federal Reserve Tightening Slow Capital Markets In 2018?

Last month marked a historic first, although it was a rather quiet entrance. Reversing course from the money printing programs of QE1, QE2 and QE3, the Federal Reserve pulled $10 billion from the capital markets. I call it ‘money destruction,’ since it is the exactly opposite of ‘money printing.’ The…

U.S. Financial Market Update: Investors Embrace Rising Rates

Looking back over the past month or so, we’ve seen the Federal Reserve raise interest rates for the second time in a year, and Congress fail to repeal or replace Obamacare. The stock market could have interpreted both as negatives. However, instead of seeing rising interest rates as a threat…

U.S. Financial Market Update: Economy, Stocks Stay Positive

August was a month of reduced activity in financial markets, as many market participants take vacation before the start of the school year. Everyone is back  to their normal routine and geopolitical worries such as North Korea continue to simmer.  The rising geopolitical concerns at home and abroad, however, have…

The Power Of Plastic: Credit Cards Boost Spending, Dog Savings

Credit Cards – Early Studies In 1986, a professor at Purdue University placed a group of study subjects at a variety of tables in a restaurant.  Some of the tables had Visa (NYSE:V) and MasterCard (NYSE:MA) logos, while some did not.  The subjects at the logo tables were found to…

U.S. Financial Markets Update: Uncertainty Creeps Back In

Optimists hope that government will eventually move on to tax reform, while pessimists worry that the Obamacare repeal-failure means tax reform is even less likely. Meanwhile, geopolitical concerns (here and abroad) are adding to market uncertainty for investors. Despite the worries, the economy continues to grow and add jobs. Below…

U.S. Financial Markets Update: Investors Eyeing Europe

The past month has seen assets gain in price, despite an increase in investor anxiety due to comments from the European Central Bank (more on that below). In the U.S., tweets continue to be plentiful while new legislation remains scarce.  Yet despite these interesting times, the economy continues to grow…

Global Markets Update: Investors Follow The Drum Beat

The month of May continued to see stock market growth, with a backdrop of increasing political turmoil in the U.S. And the drum beat has carried the tune into June… with the S&P 500 (INDEXSP:.INX) near all-time highs. It appears less likely that a distracted President Trump will bring tax…