Investor fear was sky high a year ago. Then the market soared. What happened?
Early in 2023 we were beginning our recovery from a precipitous market decline, talk of runaway inflation and recession was a consistent theme, and a few mid-sized banks failed (though depositors were made whole, either...
The Fed is currently holding interest rates steady, with the Fed Funds rate range between 5.25%-5.5%.
Because of high interest rates, cash is hot. We haven’t seen interest rates on cash/cash equivalents this high since before the Great Financial Crisis. The Fed has also indicated that...
The Federal Reserve meets again on June 13th-14th for its periodic Federal Open Market Committee (FOMC) meeting. This meeting is a critical one. There is a general expectation that the Fed will finally pause historic rate increases at this meeting. To illustrate the point, a May 23rd Forbes...
by Glenn J. Downing, MBA, CFP®
Congratulations! You did it! You launched a new business, worked you’re a** off, and now have a going enterprise. It wasn’t there before – it exists because of you and your team. A huge accomplishment, and something of...
by Glenn J. Downing, MBA, CFP®
There's a lot of financial stress out there - we hear it from our clients. People who don't have a financial worry in the world are afraid. And, given two high profile bank failures recently and the release of the Durham report last week, I suspect...
How to get a big pay hike
If you want a big pay hike, sometimes the only way you're going to get it is by jumping ship to a new employer who values your skill set and experience and is willing to pay for it. Otherwise you may have to settle for an annual cost of living increase. People...
No More Revenge Spending
There’s a new term out there – revenge spending. When people were hunkered down during COVID, they couldn’t go out to spend. When things opened up, people took their revenge on the lockdowns and spent like never before. And the...
Tax Reasons for the Subchapter S Election
There are lots of great reasons to organize your business as a corporate entity with a Subchapter S election. You have limited personal liability, flow-through of net income, ability to take a Section 199A deduction, and ability to, as the owner,...
January of 2023 kicked off with a bang. We’re in the midst of a stock market rally that we haven’t seen in over a year. The market rose, and rose, and kept rising – all in the last 8 weeks. We’re far from all-time highs, and expect that to be the case...
Have we reached a stock market bottom yet?
"Are you kidding me? After the big price drops we've seen the last few days?"
We get it. Pessimism is popular right now. But here we give you an optimist’s case for the market:
Look at the three major stock market benchmarks – the Dow...
By Glenn J. Downing, MBA, CFP®
I began Part I - New Asset Class with this statistic: one in five people in the US have invested in or used cryptocurrency. As Bitcoin becomes more widely accepted – indeed, Fidelity is offering it in 401K accounts – it is high time for...
By Glenn J. Downing, MBA, CFP®
I was astonished to hear this statistic: one in five people in the US have invested in or used cryptocurrency. That means that Bitcoin is indeed a thing, and it is time for me to write about it.
And there’s a lot to write. I’m...
