WEEKLY UPDATE – NOVEMBER 18, 2019

  The Week on Wall Street Stock benchmarks were little changed for much of last week, but a rally occurred Friday after news broke that the U.S. and China could be closing in on the first phase of a new trade pact.At Friday’s close, the Dow Jones Industrial Average...

WEEKLY UPDATE – OCTOBER 7, 2019

The Week on Wall Street The fourth quarter started with a mixed week for equities. The Dow Jones Industrial Average lost 0.92% for the week; the S&P 500, 0.33%. In contrast, the Nasdaq Composite improved 0.54%. Overseas stocks pulled back: the MSCI EAFE index dipped 2.60%....

New warnings from the IRS on Virtual Currency!!!!

The IRS has stepped up its game in trying to collect Taxes from the Virtual world, the Kiplinger Tax Letter just posted the following warning –   *Virtual Currency – Revenue agents are on the hunt for those who deal in virtual currency. They’re mailing letters to people they...

Fed Cuts Rates, Stocks Retreat

The Week on Wall Street Last week, the Federal Reserve cut interest rates for the first time in more than a decade, in line with Wall Street’s expectations. Ironically, stocks had their worst week of 2019. The S&P 500 finished the week 3.10% lower. The Dow Jones...

Stocks Descend from Recent Peaks

The Week on Wall Street Stock benchmarks retreated during the first week of the second-quarter earnings season. As some big names shared quarterly results, investors seemed more interested in what might happen at the Federal Reserve’s upcoming policy meeting. For the week,...

Target-date fund design may be wrong for retirees

Researchers suggest the funds don’t adequately hedge against sequence-of-returns risk in retirement Prominent retirement researchers are questioning whether target-date funds, the golden goose of the 401(k) industry, are structured appropriately. TDFs have become the...

WEEKLY UPDATE – JUNE 17, 2019

The Week on Wall Street Stocks advanced for a second straight week. The S&P 500 benchmark rose 0.47%; the Nasdaq Composite, 0.70%; the Dow Jones Industrial Average, 0.41%. Overseas shares, as tracked by the MSCI EAFE developed markets index, added 0.20%.[1][2] The market...

Big Gains for the Major Indices

  The Week on Wall Street Stocks rallied during a week in which Wall Street was buffeted by headlines. The S&P 500 rose 4.41%. The Nasdaq Composite and Dow Jones Industrial Average respectively added 3.88% and 4.71%. The MSCI EAFE index of overseas stocks improved 2.02%...

The Week on Wall Street

The Week on Wall Street Stocks returned to record territory, with both the S&P 500 and the Nasdaq Composite closing at historic highs. The S&P gained 1.20% for the week; the Nasdaq, 1.85%. The Dow Jones Industrial Average lagged, losing 0.06%. The MSCI EAFE index of...

If you’re in debt, you don’t deserve a vacation

Nothing makes me crazier than when people deep in debt try to persuade me that they are being financially responsible because they “saved up” for their vacation. And I am not impressed that you saved for a summer trip to Walt Disney World with your children when you haven’t even...