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 this month. There continues to be protests, both peaceful
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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 targeted towards bonds and miscellaneous investments in the coming months.) What
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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 performance cannot predict future performance when making
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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 expenses. Market CommentaryFrom
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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 two primary retirement savings account types: Roth and Traditional. Before we
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