Expanded Child Tax Credit a game changer for some MN families
“If it wasn’t for the help we’ve been getting, I don’t know where we’d be. We definitely wouldn’t have our house still.” Author: Karla Hult Updated: 6:36 PM CDT July 15, 2021
ST PAUL, Minn More than 600,000 families in Minnesota will get a check this month as part of the Expanded Child Tax Credit benefiting nearly 60 million children across the country.
And that check – or automatic deposit – will make all the difference for one St. Paul business owner and mother of two.
“This coming month, we were talking about, ‘we’re short at least a hundred or two. We don’t know what we’re going to do.’ And then we forgot all about these checks, and they hit,” said Sara Aegerter, mother of 5-year-old Theali and 4-year-old Phoari.
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Modern portfolio theory (MPT) is a fundamental wealth management strategy that won the Nobel Prize in economics in 1990. There are three components of MPT:
Pick a fully diversified portfolio meaning stocks and bonds, U.S. and foreign, small and large companies, etc.
Implement your portfolio with diversified, low-cost investments.
Rebalance the portfolio on a regular basis.
As straightforward as it sounds, sticking with this strategy can be difficult since an investor is never completely concentrated where things are doing best. While an investor owns top performing assets, they will also own the asset class doing the most poorly. This is due to the full portfolio diversification.