Does the federal funds rate affect your borrowing rate? You may be surprised. We explain in this week’s Financial Tip.
Indices closed well into the green zone on Monday. Disney tacked on 2.93% after Pivotal Research upgraded the stock to “buy” from “hold” and increased its price target to $121 from $104.
This week on “Money Talks,” Managing Associate Shawna Theriault, CFP®, C.P.A., joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the S&P 500’s movements for the week, including the rallies in the Energy and Financial sectors. They also discuss wholesale trade, inflation indicators the Producer Price and Consumer Price indices, March’s retail sales and employment. The hosts also delve into a case study about longevity risk and the financial planning needed to ensure you do not outlive your money. Closing out the show, the experts answer a listener’s questions about lump sum investing vs. dollar cost averaging and the current trend of buying on the dips. They also provide their opinions on cyber security firms and identity theft protector, LifeLock.
Our experts discuss a case study about incorporating the risk of longevity into your comprehensive financial plan.
The markets began the week on a down note as Healthcare stocks traded lower despite the step up by Financial stocks. West Texas Intermediate crude oil settled at $40.36 a barrel, which led to Energy stocks ramping up on Tuesday alongside a continued upswing in crude oil. Indices closed in positive territory on Wednesday on a variety of economic news. The Producer Price Index slipped 0.1% in March, while core goods prices rose 0.1% for the second straight month. Retail sales dipped 0.3% in March. Discounting cars, sales jumped 0.2%. Additionally, the Federal Reserve’s Beige Book, which covered economic activity from mid-February through March, showed a modest to moderate rate of expansion in the majority of districts. Indices closed slightly mixed on Thursday. The Dow and S&P 500 added fractional gains, while the NASDAQ ended the session marginally in the red. Bank stocks in the Financials sector led advancers while Technology stocks retreated. Indices closed Friday’s session in red territory with stocks this time retreating on a variety of economic news. West Texas Intermediate crude lost its weekly gains to settle at $40.36 a barrel, where it began the week. In a preliminary measure, the University of Michigan Consumer Sentiment Survey showed a 1.3 point dip to 89.7 for April, versus expectations of an uptick to 91.8.
The Henssler Financial experts answer a listener’s questions about lump sum investing vs. dollar cost averaging and the current trend of buying on the dips. They also provide their opinions on cyber security firms and identity theft protector, LifeLock.
Indices closed the session in red territory. Stocks retreated on a variety of economic news. Crude oil took a breather on Friday. West Texas Intermediate crude slipped 2.8% today to settle at $40.36 a barrel.
Investors who have annuity contracts with capital gains are in a sweet spot to take advantage of a 1035 exchange. We explain in today’s Marietta Daily Journal. Read the Article
The penalty for not having health insurance is the GREATER of two calculation methods. Learn more in this week’s Insurance Tip.
Indices closed slightly mixed on Thursday. The Dow and S&P 500 added fractional gains. The Nasdaq ended the session marginally in the red. Bank brands led advancers while technology stocks retreated.