When investing, particularly for long-term goals, there are two concepts you will likely hear about over and over again — diversification and asset allocation. Diversification helps limit exposure to loss in any one investment or one type of investment, while asset allocation provides a blueprint to help guide your investment decisions. Understanding how the two…

Key Dates/Data Releases 8/1: Personal income and outlays, PMI Manufacturing Index, ISM Manufacturing Index 8/3: ISM Non-Manufacturing Index 8/4: Employment situation, international trade MARKET WEEK: JULY 31, 2017 The Markets (as of market close July 28, 2017) Of the benchmark indexes listed here, only the Dow and the Global Dow posted gains last week. The remaining…

Social Security and Medicare Trustees Reports: Financial Challenges Continue Every year, the Trustees of the Social Security and Medicare Trust Funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The newest reports, released on July 13, 2017, discuss the ongoing financial challenges that both programs face, and…

Doubt is not a pleasant condition, but certainty is an absurd one.—Voltaire “The market hates uncertainty” has been a common enough saying in recent years, but how logical is it? There are many different aspects to uncertainty, some that can be measured and some that cannot. Uncertainty is an unchangeable condition of existence. As individuals,…

 On January 20, 2017, Donald J. Trump will be sworn in as the 45th president of the United States. Between now and then, attention should largely focus on efforts to facilitate an orderly transfer of power, but there will be no shortage of conjecture over what may happen after the inauguration. While changes are likely,…

With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with charitable giving could potentially enhance your ability to give and should…

If you plan to claim a federal income tax deduction for qualifying charitable contributions, it’s important to keep good records of your gifts. Basically, your records should include the following information: charity to whom the gift was made the amount of cash or the type and value of other property you donated to the charity…

On November 8, 2016, Republican candidate Donald J. Trump won a closely contested election for president of the United States. Late on election night, when it became evident that Trump was likely to win despite consistently trailing in the polls, foreign markets went into a deep dive.1 Many observers expected a similar reaction when the…

The holidays have always been a popular time to make charitable donations and this year, particularly, many people may be looking for ways to give back. With so many charities to choose from, it’s more important than ever to ensure that your donation is well spent. Here are four tips that can help you make…

In 1958, economist Leonard Read published an essay entitled “I, Pencil: My Family Tree as Told to Leonard E. Read.” The essay, narrated from the point of view of a pencil, describes the “complex combination of miracles” necessary to create and bring to market the commonplace writing tool that has been used for generations. The…

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