With a strong upward move in the final week of the month, November delivered a positive rate of return for financial markets. Helped by favorable trade tariff news and doubt the Federal Reserve would increase the target Federal Funds rate multiple times in 2019, the darkness experienced in the last three months was lifted. However, a slowing global growth outlook with moderating US corporate earnings may bring continued price volatility in risk markets as the markets reset.
As the calendar turns to December, many of us will think more intentionally about ways that we can help others. This might include donating financial resources to a cause that is meaningful to you and your family. Making a Qualified Charitable Distribution from your IRA or using a Donor Advised Fund for charitable giving are two ways that could help you increase the amount you can give, save on taxes, or both.
October was a frightening month for risky assets. Comments from the Federal Reserve suggesting higher U.S. interest rates, continued trade tensions between the U.S. and China, and expense and profit margin pressures for big companies conspired to push bond yields up and stock prices down.
Watching the stock market fall and your asset balances decline is a stark reminder of the emotional ride investing and risk-taking provides. Typical behavior is to celebrate during the good times and be driven crazy by the selloffs.
For most individuals, the benefits of working with a financial advisor are clear. They include better financial outcomes, time savings, and peace of mind knowing that you are working with a trusted professional. But how about the costs? Because costs can be difficult to decipher, we present a primer on the price of advice.
US economic growth and strong corporate results boosted US equities in the third quarter and Federal Reserve interest rate hikes continue to weigh on US bond markets. US-China trade tension and significant Chinese industrial sector weakness have impacted the growth of non-US economies and their equity markets. Europe has experienced the greatest slowdown among developed regions, leading to patchy performance for what was once a global synchronized growth story.
In the US, we embrace the idea that professional service providers are required to act in our best interest. We expect this behavior from our doctors and lawyers who face stiff fines or suspension for failing to abide by professional standards. In the financial services industry, it’s not that clear, and there are two legal standards.
U.S. stock indexes again hit record highs in September but sentiment and economic events led to a mixed set of results for the global markets. The markets have a lot to digest and mixed results seem appropriate considering the multi-level economic crosswinds.
Are you wondering if your current savings will be enough to support your future lifestyle in retirement? Use this ‘multiple of income’ table to gauge your retirement readiness and see if you’re on track.
Pension and wealth accumulation patterns have experienced a seismic shift in the last 30 years. Individuals now own their retirement assets versus the defined benefit pension plan model. We may be at a generational pivot point where accumulated family wealth can support education, equity building investment opportunities, meaningful philanthropic/charitable campaigns and legacy assets., similar to the goals of a sovereign wealth fund.