Principal Bil Lako, CFP®, and Director of Research Troy Harmon, CFA, CVA, explore some of the problems with do-it-yourself estate planning and the simple mistakes that can cost an estate money.
Indices closed well into the green zone on Monday. Consumer staples and financial brands led the upswing as stocks stepped up on French election inspiration. Centrist Emmanuel Macron won the first round of France’s presidential elections over far-right candidate Marine Le Pen. European markets rallied on the news. On Tuesday, indices closed trading with gains as Caterpillar and McDonald’s led the Dow while the NASDAQ hit a new all-time high. Stocks climbed on a variety of economic news including new home sales which ticked up 5.8% to 621,000 in March. On another note, a measure of consumer confidence waned in April. Conference Board data showed sentiment hit 120.3 this month, down from 124.9 in March. Stocks moved marginally lower on Wednesday. Early market momentum faded late in the day as investors reacted with slight indifference to the White House’s highly anticipated tax plan. The release contained few surprises, but prompted many questions. U.S. stock indexes edged higher Thursday as gains in the shares of technology companies offset losses in the energy sector as shares of Google rose after the company reported growth in revenue and profit that topped analyst’s estimates. Also, the European Central Bank left its policy unchanged and said interest rates would remain at present or lower levels well past the horizon of asset purchases by the ECB. Stocks traded slightly lower Friday on a variety of economic news. Bureau of Economic Analysis figures showed the U.S. economy expanded at a pace of 0.7% in the first quarter. The results were shy of expectations for gross domestic product to climb 1.2%. On another note, manufacturing activity in the Chicago region ticked up in April. The Chicago PMI rose to 58.3 this month, from 57.7 in March. Analysts had expected a decrease to 56.5.
The “Money Talks” experts provide their take on Trump’s proposed tax plan.
The “Money Talks” experts answer listeners’ questions on DNP Select Income Fund and Teva Pharmaceutical Industries.
This week on “Money Talks” Managing Associate, D.J. Barker, CWS®, and Senior Associate, Jarrett McKenzie, CWS®, CFP®, join Director of Research Troy Harmon, CFA, CVA, to discuss the Consumer Price Index, industrial production and the market’s moves during the week. The hosts delve into a common situation among retirees—the transition from accumulation to distribution. They discuss how important the plan is when it comes to finally withdrawing your retirement savings. The experts round out the show answering listeners’ questions on military defense stocks, education savings for private high schools, and how the repeal of the FCC privacy rules may affect Internet service providers.
Managing Associate, D.J. Barker, CWS®, Senior Associate, Jarrett McKenzie, CWS®, CFP®, and Director of Research Troy Harmon, CFA, CVA, delve into a common situation among retirees—the transition from accumulation to distribution. They discuss how important the plan is when it comes to finally withdrawing your retirement savings.
The markets kicked off the week closing in the green zone on Monday, posting their biggest gains since the start of March. In other news, the U.S. Consumer Price Index fell 0.3% for March, after dipping 0.1% in February. Elsewhere, U.S. retail sales retreated by 0.2% in March, which was more than expected, following a revised 0.3% downswing in February. Indices closed in red territory on Tuesday with both Financial and Health Care stocks trading lower on a variety of economic news. Industrial production came in flat for February, while in housing news, new construction levels retreated in March falling 6.8% to an annual rate of 1.22 million housing starts, versus estimates of 1.246 million. Wednesday’s markets were mixed as the Dow Jones Industrial Average and the S&P 500 Index shed some points while the NASDAQ ended trading with slight gains. Energy brands led the declines. Crude oil prices also slipped after weekly inventory data from the Energy Information Administration showed a smaller-than-anticipated decrease. Reserves dipped by one million barrels last week versus expectations of 1.5 million barrels. Thursday’s results were positive as the NASDAQ rallied to a new record high. The Department of Labor showed new jobless claims ticked up by 10,000 to 244,000 for the week ending April 15th. Continuing claims decreased by 49,000 to 1.979 million for the week ended April 8. The markets ended their week in the red zone with stocks trading lower on a decline in crude oil and ahead of the French election.
The experts round out the show answering questions on military defense stocks Northrop Grumman, General Dynamics and Raytheon. They also explain education savings for private high schools, and how the repeal of the FCC privacy rules may affect Internet service providers.
This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the week’s economic releases, including the ISM Manufacturing and Nonmanufacturing indices, International Trade, factory orders and the minutes from the latest Federal Open Market Committee meeting. Jarrett and K.C. explore different ways investors can invest in real estate, including rental properties, commercial real estate, raw land, REITs and limited partnerships. The experts round out the show answering listeners’ questions on streaming music service Pandora, frequency of meeting with an adviser and international stocks.
Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the different ways investors can invest in real estate, including rental properties, commercial real estate, REITs and limited partnerships.