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Beware of the High Fees in 401 (k) Plans

Beware of the High Fees in 401 (k) Plans

High annual 401(k) fees hurt your investment returns every single year

Remember when 401(k) sounded like something only a chemist knew about? Now we all receive 401(k) statements routinely – including information about fees. Here’s what to do if the fees rise.

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Has COVID-19 Forced You to Consider Delaying Your Retirement?

Has COVID-19 Forced You to Consider Delaying Your Retirement?

Recent surveys have indicated that many of us are rethinking our retirement plans because of COVID-19. In fact, one survey from the nonprofit group Life Happens suggests that a whopping 43% of Americans say they plan to postpone and continue working past their retirement date because of COVID.

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Stock Market Flirting Again With Record Highs

Stock Market Flirting Again With Record Highs

Did you miss the second fastest bear-market recovery of the past 50 years?

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U.S. Retail: the Epitome of American Resilience

U.S. Retail: the Epitome of American Resilience

Yes, COVID-19 has reshaped consumer habits and the retail industry, but...

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Retail Sales Drive Stock Markets Higher as the Fed Promises to Buy More Corporate Bonds and Oil Jumps 10%

Retail Sales Drive Stock Markets Higher as the Fed Promises to Buy More Corporate Bonds and Oil Jumps 10% For the week ending June 19th, 2020.
  • The U.S. stock markets did not erase last week’s losses, but did turn in some very healthy positive numbers for investors

  • NASDAQ led the way with a gain of 3.7%, followed by the smaller-cap Russell 2000’s gain of 2.2%, the 1.9% return for the S&P 500 and the 1.0% move for the DJIA

  • Most of the 11 S&P 500 sectors ended the week in positive territory, as only 3 were negative with the Utilities sector losing 2.4% and the Energy and Real Estate sectors each losing less than 1%

  • Health Care led the other 8 sectors with a 3.1% return on the week, followed by Information Technology (up 2.8%) and Consumer Staples (up 2.4%)

  • The markets started the week lower, but on Tuesday the Commerce Department delivered a jolt of great news when it was announced that Retail Sales leapt 17.7% in May, far exceeding expectations

  • Initial jobless claims for the week remained uncomfortably high at 1.5 million

  • WTI crude futures jumped 10% on the week and ended just shy of $40/barrel

  • The 2-year Treasury yield increased to 0.19% and the 10-year yield ended the week where it started

  • The U.S. Dollar Index gained 0.4%
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NASDAQ Moves into Positive Territory for the Year Amidst More Negative Economic News

NASDAQ Moves into Positive Territory for the Year Amidst More Negative Economic News

Top economic developments

  • The major U.S. stock markets had a good week, driven by the larger tech-stocks but also by the Energy sector

  • NASDAQ rocketed to a gain of 6%, pushing its YTD return into positive territory and further distancing it from the YTD returns of the S&P 500 and the DJIA

  • The smaller-cap Russell 2000 performed very well, leaping 5.5% on the week, followed by the 3.5% gain of the S&P 500 and the 2.6% gain in the DJIA

  • Most of the economic news this week leaned toward the negative, but the markets kept looking past the negative headlines as states began to selectively open back up for business

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A Note from our Advisors on the Coronavirus Crisis

A Note from our Advisors on the Coronavirus Crisis

What incredible times we are living through right now.  About six weeks ago here in the United States all seemed quiet, and the economy strong.  Of course, there are always problems but, by comparison to today, things were positive…and now that seems like a long time ago.

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March Madness, Coronavirus & Your Portfolio

March Madness, Coronavirus & Your Portfolio

You should pick investments (and teams) so you win most of your games.

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How Long, the Coronavirus will Impact the US Economy

How Long, the Coronavirus will Impact the US Economy

The reported effects of COVID-19, its official name, has caused us to want to know more facts-of-the-matter about the Coronavirus, rather than relying on the TV for commentary on how this is affecting the economy.  In choosing the name, the World Health Organization simply used the Co and Vi from coronavirus, with D meaning disease and 19 standing for 2019, the year the first cases were seen.

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The Fed's Surprise Rate Cut and A Little History

The Fed's Surprise Rate Cut and A Little History

History suggests that equity investors should worry about more rate cuts.

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