Memories of the global financial crisis still weigh heavily on the minds of many investors. From October 2007 to March of 2009, the S&P 500 lost 55%, creating the greatest market downturn since the Great Depression. For investors who maintained a disciplined approach however, this memory is far less painful, as the S&P 500 has not only fully recovered its losses, but has produced nearly 100% gains. Today's recommended reading article, "You Just Doubled Your Money if You Invested at the ... [Continue Reading]
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A combination of a weakening U.S. dollar and a decline in the U.S. consumer savings rate has driven corporate profits to all-time highs. This record-breaking earnings season has seen notable technology firms such as Apple and Facebook produce great earnings reports--but, it is notable that the record hasn't been achieved by a select few large companies. When we look at the S&P 500, more companies have been beating earnings and sales estimates than at any time in the past decade. As Jack ... [Continue Reading]
Estate planning includes the process of documenting our intentions so that they are known after we pass away. Done well, the process is straight-forward, and the outcomes align with one's original vision. Not done well, or ignored, the process can be quite difficult, time consuming, and leave heirs with complicated situations to sort out. As Cheryl Munk of the Wall Street Journal highlights in, "Haven't Updated your Estate Plan in a While? It's time," 52% of children report that they haven’t had ... [Continue Reading]
This fall the Federal Reserve intends to officially begin the process of unwinding their large balance sheet, marking an end to the program known as quantitative easing (QE). This program was initiated in 2008 as the U.S. economy was quickly heading into recession, led by the U.S. housing crisis. The Federal Reserve, over the following six years, purchased $4 Trillion worth of Treasury bonds and mortgage-backed securities in an attempt to prevent the recession from turning into another Great ... [Continue Reading]
Golf enthusiasts watched Brooks Koepka birdie three of the final five holes last weekend to win the U.S. Open Championship. Brooks finished the tournament with a total score of 16 below par, an incredible feat for what is traditionally one of the toughest tournaments on the PGA tour. With great performances come large rewards, and this win netted Brooks $2,160,000. Even though outstanding golf performances like this can result in big paydays, over the course of a year it is consistency that ... [Continue Reading]