Money Talks – January 14, 2017

This week on “Money Talks,” Managing Associate Shawna Theriault, CFP®, C.P.A., joins hosts Bil Lako, CFP®, and Troy Harmon, CFA, CVA, to discuss the week’s economic news, including Wholesale trade, mortgage applications and jobless claims. They also discuss sector performance as president-elect Trump’s inauguration draws near.  Shawna and Bil explore a listener’s decision to rent or buy a house after a divorce and profit from the sale of the family home. They take a closer look at the tax advantages and lifestyle choices that come with home ownership. The experts also address listeners’ questions on investment theory “stick to the core and don’t explore,” meaning avoiding international holdings, Roth IRA eligibility for resident aliens and using an old 401(k) to pay down credit card debt.  

Market Roundup: Mixed Week as NASDAQ Hits Record Highs

Opening the week, declines in Energy sector shares weighed heavily on the S&P 500 index and the Dow Jones Industrial Average as oil prices experienced their biggest daily drop since November. On Tuesday, the NASDAQ composite closed at a record for the fourth session in a row. By mid-week, indices closed in the green zone despite volatile trading. Stocks rebounded from session low levels on Thursday to close slightly down for the day, with Financial sector stocks leading the decline.  Indices closed out slightly mixed on Friday with the NASDAQ hitting yet another record high. Meanwhile, consumer confidence is down in January. In a preliminary measure, the University of Michigan’s consumer sentiment index registered a reading of 98.1 down from December’s final reading of 98.2. Looking elsewhere, Labor Department figures showed prices rose by 0.3% in December, as anticipated.

Q&A Time: International Holdings, Roth IRA Eligibility and Paying Debt with 401(k)

The “Money Talks” experts address a listener’s questions about following the investment theory “stick to the core and don’t explore,” meaning avoiding international holdings because they may be a drag on performance. They also discuss Roth IRA eligibility for resident aliens and whether one should roll an old 401(k) into an IRA or cash it out to pay down credit card debt. 

Money Talks – January 7, 2017

This week on “Money Talks,” Managing Associate K.C. Smith, CFP®, joins anchor hosts Bil Lako, CFP®, and Troy Harmon, CFA, CVA, to discuss final 2016 market numbers, the 2017 outlook, how the market may continue to move under a Trump presidency, and inflation. K.C. and Bil lead a conversation about seeking investment help and the type of experts you may want to consult when seeking assistance with your finances, investments and planning for your future. The experts also answer listeners’ questions on government savings bonds, a replacement buy for our recommended sell of GE, and some general ways to pay down consumer debt.

Market Roundup: Markets Kick of New Year on Positive Note

The markets regained their footing as the Dow Jones Industrial Average, S&P 500 and the NASDAQ posted week-over-week gains at the close of the first week of the new year. The markets kicked off 2017 recognizing the New Year holiday. Trading resumed Tuesday with a surge in the Financial sector, boosting the Dow Jones Industrial Average. The gains brought the Dow closer to the 20,000 milestone than ever before. While the index didn’t break 20,000, the index did break a three-day losing streak. The non-manufacturing (service) sector remained strong in December according to the Institute for Supply Management Non-Manufacturing Index, which registered 57.2, the same as November and the highest reading for 2016. The S&P Index also posted gains on strong performance in the Telecommunications and Healthcare sectors. Wednesday saw strong performance in Consumer Discretionary stocks. Thursday’s slide down was a result of a decline in Financial stocks.  Friday’s results ended in gains despite snow and sleet storms that affected the East coast.  For the week, the dollar strengthened, while the yield on 10-year Treasury bonds stayed the course.

Money Talks – December 31, 2016

This week on “Money Talks,” Research Analyst Nick Antonucci, CVA, is joined by fellow Research Analyst Jacob Keen and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the University of Michigan Consumer Sentiment Survey and the Conference Board Consumer Confidence Index. They also discuss home sales, interest rates and how the market appears to be closing the year. Our experts address a listener’s concern that following our Ten Year Rule would cause one to lose principal in terms of purchasing power. They discuss how the Ten Year Rule works in periods of recession and inflation, giving examples of how our investment strategy works. The research analysts also address listeners’ questions on General Electric Company and Walgreens Boots Alliance.