What don’t we know about the way the markets work? In a perfect world, the financial markets would be entirely transparent and without mysteries. In this imperfect one, we have financial markets reliant on high-speed trading and dark pools, both of which are imperfectly understood. Thanks to the bestselling Flash Boys: A Wall Street Revolt […]
The Question Marks Surrounding Wall Street Trading Read More
SUSTAINED HIRING, RENEWED CONFIDENCE In July, 209,000 Americans found new jobs. Hiring topped 200,000 for a sixth straight month, which hasn’t happened in 17 years according to Labor Department data. The jobless rate ticked up to 6.2% and the underemployment (U-6) rate inched up to 12.2%, but that signaled more jobseekers. June also saw a
Growth Report for Monday, August 4, 2014 Read More
Offshore accounts are receiving a new level of scrutiny. The federal government implements new rules to fight tax dodgers. As of July 1, 2014, the Foreign Account Tax Compliance Act (FATCA) is in effect. FATCA requires something new of foreign financial institutions: they must now report any assets held by American citizens, U.S. “persons,” U.S.
FATCA: What It Is, How It Affects Investors Read More
YEARLY INFLATION AT 2.1% In June, the headline Consumer Price Index recorded annualized inflation at that level for a second consecutive month. Back in February, yearly consumer inflation was down at 1.1%. June saw the CPI rise 0.3% and the core CPI (minus food and energy prices) advance 0.1%; core CPI was up 1.9% year-over-year.1
Growth Report for Monday, July 28, 2014 Read More
Act now to make sure that your plan keeps up with new laws & regulations. The clock is ticking. Between now and April 30, 2016, 100% of 401(k) plans, profit sharing plans, and other tax-qualified plans that use an IRS-approved prototype plan document must be amended and restated.1 If this doesn’t occur by the above
The 401(k) Amendment Period Is Here Read More
STOCKS ADVANCE, EVEN WITH ANXIETIES The crash of Malaysia Airlines Flight 17 in Ukraine, a ground offensive by Israel into Gaza: these headlines gave investors pause, but M&A action and earnings reports sent stocks higher for the week. Thursday, the CBOE VIX jumped 32% to settle at 14.54, yet the S&P 500 closed just 1.2%
Growth Report for Monday, July 21, 2014 Read More
What do you do with big money? A first-world problem, and nothing more? Not quite. Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you resolve anxieties about funding your retirement or your children’s college educations, and newfound financial freedom can lead to time freedom – greater opportunity
When a Windfall Comes Your Way Read More
FED PLANS TO STOP EASING THIS FALL June’s Federal Reserve policy meeting minutes outlined the central bank’s exit plan from QE3. The Fed will continue tapering its monthly asset purchases in a series of $10 billion cuts, then make a last $15 billion cut in late October. The June minutes offered no hint of change
Growth Report for Monday, July 14, 2014 Read More
How many can you prevent yourself from making? Year after year, in bull and bear markets, investors make some all-too-common blunders. They have been written about, talked about, and critiqued at some length – and yet they are still made. You can chalk them up to psychology, human nature, perhaps even a degree of peer
Classic Investing Mistakes Read More
DOW TOPS 17,000 AFTER TERRIFIC JOBS REPORT America’s jobless rate is fast approaching the Federal Reserve’s 6% target. Thanks to employers adding 288,000 new hires, unemployment dropped 0.2% to 6.1% in June. The U-6 rate (unemployed + underemployed) declined to 12.1%, a low unseen since October 2008; from June 2013 to June 2014, the number
Growth Report for Monday, July 7th, 2014 Read More
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