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Tip of the Day: When the Markets Become Volatile, Remember the Power of Dividend Payments

2020-09-08T11:54:42-05:00September 8th, 2020|Blog|

Tip of the Day: When the Markets Become Volatile, Remember the Power of Dividend Payments By: Stacey Nickens On September 4, 1882, Thomas Edison demonstrated the benefits of electric light to Wall Street bankers, ushering in the age of electricity.  He opened the first central power station in the world at Pearl Street Station in [...]

Watch out for COVID-19 Scams

2020-09-04T13:25:01-05:00September 4th, 2020|Blog|

Watch out for COVID-19 Scams By: Stacey Nickens Scammers are taking advantage of people's financial and health concerns during the COVID-19 crisis, and it's important to remain abreast of some of these scammers' latest tactics. Consider some of the warning signs below to help protect yourself from fraudulent activities. Avoid fraudulent treatments, vaccinations, and home [...]

Four Things to Consider Before Refinancing Your Home

2020-09-04T13:04:33-05:00September 4th, 2020|Blog|

Four Things to Consider Before Refinancing Your Home By: Stacey Nickens With interest rates near zero, many home owners are considering refinancing. Refinancing applications in the second week of March jumped to 79%. This is the largest weekly increase since November 2008. As more people choose to refinance, the Mortgage Bankers Association increased its 2020 [...]

The Stock Market This Week: August 31-September 4

2020-09-04T15:53:07-05:00August 31st, 2020|Blog|

The Stock Market This Week: August 31-September 4 By: Stacey Nickens On Monday, the S&P 500 declined 0.2% in daily trading though still posted a 7% gain for the month. Overall, technology stocks outperformed cyclicals with energy, materials, financials, and industrials all declining. Apple and Amazon helped information technology and consumer discretionary make positive gains. [...]

Positions I’m Watching: Salesforce, Amgen, and Honeywell

2020-08-31T16:58:56-05:00August 31st, 2020|Blog|

Positions I'm Watching: Salesforce, Amgen, and Honeywell By: Stacey Nickens Salesforce, Amgen, and Honeywell are all joining the Dow Jones before the market opens on Monday, August 31. The shift comes after Apple announced its stock split, effectively reducing the Dow's exposure to the technology sector. The index will thus be replacing ExxonMobil, Pfizer, and [...]

Positions I’m Watching: Tesla and Apple

2020-08-31T16:58:38-05:00August 31st, 2020|Blog|

Positions I'm Watching: Tesla and Apple By: Stacey Nickens Both Tesla and Apple announced stock splits that go into effect on Monday, August 31. Apple is undergoing a 4:1 stock split, meaning that for each share of Apple stock you own, you will own four times that amount on August 31. Similarly, Tesla is enacting [...]

Tip of the Day: How to Maximize Your Social Security Benefits As a Widow(er)

2020-09-03T16:18:00-05:00August 31st, 2020|Blog|

Tip of the Day: How to Maximize Your Social Security Benefits As a Widow(er) By: Stacey Nickens Many individuals experience the painful and gut-wrenching loss of a spouse or ex-spouse. If this has happened to you, I want to first tell you that you're in my thoughts and prayers. I know firsthand the experience of [...]

Understanding the Fed’s New Inflation Goals

2020-09-04T12:19:53-05:00August 31st, 2020|Blog|

Understanding the Fed's New Inflation Goals By: Stacey Nickens In August, the Federal Reserve announced that they may allow inflation to rise slightly above its 2% target to compensate for years with depressed inflation rates. This move is a shift from the Fed's inflation targeting practices, where the Fed would reduce stimulus or increase interest [...]

The Stock Market This Week: August 24-28

2020-08-28T15:41:30-05:00August 24th, 2020|Blog|

The Stock Market This Week: August 24-28 By: Stacey Nickens On Monday, major indexes climbed after the FDA granted emergency-use authorization of a convalescent plasma treatment for serious COVID-19 cases. The S&P 500 rose 1%. The Dow Jones gained 1.4%, and the Nasdaq climbed 0.6%. Cyclical stocks responded positively to the news. Financials, industrials, materials, [...]

Tip of the Day: You Can “Return” Social Security Benefits

2020-08-31T16:57:29-05:00August 24th, 2020|Blog|

Tip of the Day: You Can "Return" Social Security Benefits By: Stacey Nickens I always recommend that clients delay taking Social Security benefits in order to increase their benefit. However, pretend you claimed your benefit at 63 right before receiving a good job opportunity. You can still withdraw your Social Security application within a year [...]