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At Manchester Capital Management, we view wealth as more than a measure of current financial health — it’s also a foundation for building enduring legacies. This month, we’re pleased to feature an article tailored for the next generation of wealth stewards, written by one of our talented Gen Z team members, Portfolio Analyst Miroslava Martinez. This article explores the fundamentals of compounding interest, one of the most powerful principles of long-term financial growth. It’s crafted to inspire younger family members to think longer term and to foster meaningful conversations among families about how small, consistent actions taken today can lead to extraordinary outcomes tomorrow. To understand compounding interest, it may be helpful to imagine hypothetical scenarios with two friends, Olivia and Liam. In these scenarios, Olivia began saving $50 a month at age 20, while Liam began saving $100 a month at age 30. When they’re both 60, who do...
05.12.2023
One of the special things about families is that each one is completely unique. Each member with their own lived experiences and interactions, and the context in which the family is embedded, creates that uniqueness. While each member might be familiar with their family’s idiosyncrasies, navigating these can be challenging, especially when it comes to behaviors around money. Family meetings, however, are one of the single best tools families can use when confronted with decisions that will affect all family members and future generations. These meetings can bring a family closer together, foster communication, and help the family plan for the future. In this article we will explore the importance of family meetings and provide guidance on how to make them as productive and enjoyable as possible. Bringing a family together through a meeting signals that there is some shared purpose and reinforces the idea that each family member is...
