Stock Market Commentary – October 2020
The stock market had another poor September. How do things look in October? Will the election effect the stock market? Read more to find out.
Fundamental vs. Technical Analysis: Understanding Two Key Investment Strategies
Investors utilitize both fundamental analysis and technical analysis to achieve success. Which approach is right for you? That depends.
September 2020 – Market Commentary
Market CommentaryJust like July, August proved to be a profitable month for both our portfolios and the stock market indices. The DOW Jones is still down year to date, but made more strides in August in get back to break even (Source: ...
Welcome to Summit Financial Consulting
Hello, and welcome to Summit Financial Consulting’s refreshed and relaunched blog. There will be plenty of market insight and useful information to be found here in the coming days and weeks, but with this post, we would like to re-introduce ourselves.
Mutual Funds vs. ETFs: Simple Guide to Diversifying Your Portfolio
Now that we have finished discussing diversification, we will dive into the most popular and arguably one of the easiest ways to diversify. That is right. This month, we are comparing and contrasting Mutual Funds and Exchange-Traded Funds. (If you have not read the...
Stock Market Commentary August 2020
Market CommentaryJuly proved to be a profitable month for both our portfolios and the stock market indices. While the DOW Jones is still down about 11% from the highs earlier this year, it made some progress in July (Source: ...
Managing Diversification: Exploring Miscellaneous Positions in Your Investment Portfolio
As the saying goes, do not place all your eggs in one basket. We believe this is perhaps one of the most important lessons when discussing investment management and retirement planning. Before we dive into the various diversification options, if you need a refresher...
Stock Market Commentary July 2020
Market Commentary The ongoing Covid pandemic affected the market, both higher and lower, in June. In our last market commentary, we said the probability of a short term pull back was very high and just a few days after our commentary was posted, from June 8th until...
Diversification Strategies for Bond Investments: Managing Risk and Return
As the saying goes, do not place all your eggs in one basket. This is perhaps one of the most important lessons when discussing investment management and retirement planning. Before we dive into the various diversification options, if you need a refresher on...
Stock Market Commentary June 2020
May ended up being a profitable month for our portfolios and a profitable month for the major stock market indexes as well. We’re still quite a bit ahead of the DOW in our in-house managed portfolios year-to-date. There are a lot of conflicting issues to consider...
Power of Diversifying Your Stock Portfolio: Balancing Risk and Growth
As the saying goes, do not place all your eggs in one basket. This is perhaps one of the most important lessons when discussing investment management and retirement planning. (This post will solely cover diversifying stock positions and we will be releasing a post...
May 2020 – Market Update
The Stock Trader’s Almanac has famously said: “Sell in May and go away!” The idea is that while the stock market may be positive, it is the least seasonally strong during this six-month period of time each year on average. We must always keep in mind that past...
April 2020 – Market Commentary & Business Update
ReminderYou have until July 7th to contact us if you’d like to contribute into an IRA so you can write it off on your tax return. In addition, we can help you with tax prep! Please call (586) 459-5340 to find out how much we can save you on your tax preparation...
Understanding Roth vs. Traditional IRA: What’s Best for Your Retirement?
Our last two blogs discussed the importance of saving for retirement through our discussion of Time Value of Money, and we also touched on how to budget appropriately for these savings within our Budgeting 101 post. Now, we will be discussing the differences between...
March 2020 – Special Market Update
Market Update We’d like to start off with some positive news, the whole country and economy is NOT shut down. Most people were at work today and can work from home if need be. China looks to be improving and we’re receiving guidance daily from our state and federal...
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