When the stock market is going up people pay attention to the index. And what a year the S&P is having. YTD it’s up roughly 20%. When the market is down as it was yesterday people pay attention to the stocks they own. Why? Just because “the market” is up doesn’t mean all stocks are [...]
Cathie Wood continues to stretch the limits of her fifteen minutes of fame as Ark Investment Management seeks to introduce a new ETF. Coming on the heels of much “needed” offerings such as an ETF focused on space-related investments Ark will soon launch a product excluding industries such as alcohol, banking (because, after all, money [...]
According to data from the Urban-Brookings Tax Policy Center nearly 61% of U.S. households paid no federal income taxes during 2020. That’s 106.8 million households – wow! And it’s the “evil” millionaires and billionaires who aren’t paying their fair share? C’mon!
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Last night the Spender in Chief a.k.a. Healer Joe (we are healed now, right?) laid out in broad strokes an agenda to spend $1.8 trillion on what he’s calling the American Families Plan. He wrapped it in terms that sound soothing – “making care affordable, free education, universal pre-school” and “investing in the care workforce.” [...]
The days of thoughtfulness are gone. Brevity is the new wisdom. Today if something can’t be expressed in less than 280 characters it isn’t worthwhile. We’re barely done with the first paragraph of this post and some of you are already itching to click off and go elsewhere. Impatience is everywhere. We don’t read prospectuses. [...]
President Obama (The Orator in Chief) never turned down an opportunity to stand in front of a microphone. He was fond of demonizing evil millionaires and billionaires from behind a podium. He seemed to believe that rather than building businesses and creating jobs these people sat home twirling their evil mustaches and conjuring ways to [...]
From 10/26/20 - 11/13/20 the FINRA Investor Education Foundation surveyed about 1,300 households. the typical new investment account was opened by individuals age 45 and younger the top reasons for investing include saving for old age (~17%) and the ability to start with smaller sums of money (~16%) the least popular reasons for investing include [...]
Flexible Spending Accounts (“FSAs”) are a popular means for employees to pay for medical/dependent care expenses using pre-tax funds. Funds that are unused in a given plan year are generally forfeited. Thanks to recent guidance from the IRS that’s about to change – at least temporarily. Notice 2021-15 details the relief offered under December 2020’s [...]
With the move to $0 commissions by the major brokerage firms a new light has been shined on the practice of selling order flow. Just what is it and why is it as good/bad as you’ve heard? Let’s peal back the layers of the onion and find out.