Correlation and Portfolio Performance
The various types of investments perform differently, depending on market conditions. Asset allocation is key! Learn more in this week’s Financial Tip.
The various types of investments perform differently, depending on market conditions. Asset allocation is key! Learn more in this week’s Financial Tip.
After a volatile week of trading in the markets, the “Money Talks” experts discuss whether the current market action is merely a market correction or a sign of something more to come. They also discuss why investors want to sell in these conditions.
The week began with the Dow Jones Industrial Average closing at its lowest level in 18 months. The S&P 500 Index and the NASDAQ also lost nearly 4% each in a frenzy of selling. The losing streak continued on Tuesday with a rush of selling minutes before the closing bell. On Wednesday, the three major indices surged nearly 4%, with the S&P pulling itself out of correction territory. Still, Wednesday’s big gains don’t erase the financial pain inflicted by the market’s first 10 drop since 2011. The Dow remained 11.1% off its recent high, the S&P 500 remained down 8.9%, while the NASDAQ composite remains 10% off its high and the small-cap Russell 2000 is down 12.6%. Stocks continued to soar on Thursday as renewed optimism about the U.S. economy eased concerns about the pace of global growth. Oil prices soared more than 10% to their biggest one-day percentage gain in six years amid a surge in commodities. The Commerce Department reported Gross Domestic Product, the broadest measure of goods and services produced across the U.S., expanded 3.7% in the second quarter, well ahead of expectations. The markets ended the week with a whimper, as the major indexes notched gains for the week in a subdued end to one of the most volatile periods in years for global markets. Upbeat economic data has helped reassure some investors that while global growth is slowing, the U.S. remains relatively stable. The Commerce Department said consumer spending rose 0.3% in July.
In today’s Marietta Daily Journal, Bil Lako, CFP® says plan carefully! You cannot receive more than one tax benefit for each dollar spent on higher education. Read the article.
While the steps to start a business are relatively standard, women entrepreneurs may face unique challenges. Read all about it in this week’s Business Tip.
In the Atlanta Business Chronicle, Kennesaw State University’s Vaughn Williams talks about the University’s expanding athletic program. Read the Article
As you take on more responsibilities and your family grows, your need for life insurance increases. Learn more in this week’s Insurance Tip.
The financial advice your dad gave you more than 20 years ago is still applicable to 20-year-olds today. Read more in this week’s Financial Tip.
Our experts discuss a case study of a family looking to make the most out of their 529 Plan assets and the available tax breaks for higher education.
In today’s Marietta Daily Journal: Bil Lako, CFP®, explains ways a company can compensate employees without raising salaries. Read the Article