Tag Archives: Richard Band
A new year is dawning. Why not make 2015 the year you get ahead, financially and personally? While many Americans remain stuck in a pessimistic rut carved out by the Great Recession, others are taking a more positive approach: abandoning old, unhealthy habits and cultivating new disciplines that allow a person to seize the ample opportunities in today’s post-crisis economy. As your financial advisor, my wish for you this holiday season is that you’ll achieve success—as well as satisfaction—in the year ahead by ringing out the old and ringing in the new. In that spirit, here are five New Year’s resolutions I’ve drawn up for investors seeking greater prosperity in 2015.
It’s that time of year again. The clock is ticking down on 2014, and on December 31 at midnight, your last opportunity to save on this year’s tax bill will expire. Don’t be discouraged, though. There’s still plenty of time to act. Here are five easy strategies you can put to work right now, with the potential to shave off hundreds or even thousands of dollars in taxes before the band strikes up Auld Lang Syne on New Year’s Eve.
Stock prices were down again today, with the benchmark S&P 500 index closing at its lowest level since late May. So are we crying in our goulash? Hardly.
You know you’re in a “correction” when the stock market hears good news — and ignores it. This morning, the Institute for Supply Management posted its monthly survey of corporate purchasing managers in the important service sector. It was a superb number (58.7, up 2.7 percentage points from June), indicating the fastest growth in the service industries since January 2008.
Wall Street finally got the scare it needed to trigger a long-awaited (and long-overdue) stock market “correction.” The economy is growing too fast!
The stock market is acting fatigued. (Despite a lot of churning, the S&P 500 index has been unable to score meaningful new highs in almost a month.) A pullback seems to be brewing. But is it something you should get alarmed about? No.
Let’s have some more! I’m not talking about more new highs for the headline stock indexes. We’ve had plenty of those lately, including a fresh all-time closing high today for the institutional benchmark, the S&P 500.
There’s only one way to buy safely in this inflated stock market. You’ve got to be a “bad-news bull.” As we saw last week after Thursday’s Dow plunge (all but erased Friday), bad news is really good news — if you’ve got the stomach to treat it as such.
The circus is back in town! Circus? Yes, the earnings circus, Wall Street’s version of P.T. Barnum’s Greatest Show on Earth. Normally responsible adult money managers are acting like clowns on unicycles, wildly chasing around the ring after random bits of quarterly corporate earnings confetti.
Solve this riddle for me. On July 2, the day before the Labor Department announced its sizzling June payrolls report, the benchmark 10-year Treasury yield stood at 2.63%. Today, with 288,000 new jobs in the bag and unemployment (6.1%) at a six-year low, the same T-note is trading at only 2.55%.