Money Talks – January 21, 2017

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP®, and Tax Manager Dan DiLuzio, C.P.A., to discuss inflation indicators, the Producer Price and Consumer Price indices, retail sales, and consumer sentiment. Dan leads the show’s case study conversation on what files individuals need to keep when it comes to financial receipts and statements. He also discusses how to dispose of files and offers tips on the best way to store important documents.  The experts also answer listeners’ questions about veterinary drug maker Zoetis and medical equipment provider Henry Schein. They also explain the tax benefits behind saving to your retirement plans.

Market Roundup: Inauguration Rally on Friday Still Left Markets Down for the Week

For most of last week, the market was fairly lackluster. While the U.S. markets were closed Monday in honor of Martin Luther King Jr., the British pound dropped to a three-month low, which led to a decline in the FTSE 100 and Stoxx 600 in Europe. On Tuesday, investors were cautious ahead of President-elect Donald Trump’s inauguration—a bit of a reversal of the market’s movements since the November election. By midweek, the indices closed with mixed results. The Dow Jones Industrial Average traded slightly lower while the S&P 500 Index and NASDAQ posted gains. The mixed moves were likely prompted by Federal Reserve comments at San Francisco’s Commonwealth Club, as Federal Reserve Chairwoman Janet Yellen said a few interest rate hikes per year may be likely through the end of 2019. The markets ended in red territory on Thursday, with stocks trading lower ahead of the presidential inauguration. In housing news, housing starts ticked up in December, as new construction numbers rose to an annual rate of 1.226 million versus expectations of 1.188 million. Indices traded into green territory on Friday with equities rallying on Inauguration Day, recouping most of the value lost earlier in the week. Nevertheless, the NASDAQ and the Large-Cap Dow and S&P 500 each ended the week in the red compared to the prior week.

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.