Currently Browsing:Financial Industry

Cybercurrencies: A Risky Choice in 2018

This year, we have seen the downside of bitcoin & other altcoins. Provided by Kenneth Hagel Bitcoin. Ethereum. Litecoin. Ripple. Ether. As 2017 ended, the prices of these cybercurrencies were soaring. In early 2018, they have plummeted. Opportunistic investors have been left to wonder: Are these digital currencies really the next big thing, or the

Read More

The Dow Dropped. Do Not Drop Out of the Market

Last Monday’s plunge was hardly the disaster that some media outlets claimed. Provided by Kenneth Hagel On February 5, the Dow Jones Industrial Average took an unprecedented fall. The benchmark dropped 1,175 points, and it was down 1,500 points at one moment during the trading day.1,2 Monday’s Dow loss was severe, but not as catastrophic

Read More

How the Tax Reforms Will Take Effect

Some of the impact of the Tax Cuts & Jobs Act will be felt later than January 1. Provided by Kenneth Hagel President Donald Trump signed the Tax Cuts & Jobs Act into law on December 22, and on January 1, some key details of the Internal Revenue Code will abruptly change.1 There will be

Read More

Weekly Economic Update

Kenneth Hagel Presents: WEEKLY QUOTE “Young is the one that plunges into the future and never looks back.” Milan Kundera WEEKLY TIP If you are trying to rebuild or ramp up your retirement savings in your forties or fifties, avoid grasping at straws. Extremely speculative, high-risk investments are often hard to understand and may drastically

Read More

Weekly Economic Update July 11, 2016

WEEKLY QUOTE   “Set up as an ideal the facing of reality as honestly and as cheerfully as possible.”      – Karl Menninger   WEEKLY TIP   Credit reporting agencies may lower your credit score if you rely heavily on installment-type accounts or loans linked to appliance or home goods retailers, or unsecured personal loans from consumer

Read More

Weekly Economic Update June 27, 2016

WEEKLY QUOTE “Next to trying and winning, the best thing is trying and failing.” – L.M. Montgomery   WEEKLY TIP Will you soon be using a credit card outside the U.S.? Call the card issuer before your trip, and let your bank know the exact countries and territories you will be visiting. Otherwise, you may run the

Read More

Retirement Now vs Retirement Then

Retirement Now vs. Retirement Then Today’s retirees must be more self-reliant than their predecessors. Provided by Kenneth Hagel Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75. To varying degrees,

Read More

MONTHLY ECONOMIC UPDATE

MONTHLY QUOTE “There is no stigma attached to recognizing a bad decision in time to install a better one.” – Laurence J. Peter MONTHLY TIP Remind your college student that their ability or inability to manage credit while in school could affect them for years after they leave campus. MONTHLY RIDDLE They can hurt without

Read More

Why DIY Investment Management Is Such a Risk

Paying attention to the wrong things becomes all too easy. Provided by Kenneth Hagel If you ever have the inkling to manage your investments on your own, that inkling is worth reconsidering. Do-it-yourself investment management is generally a bad idea for the retail investor for myriad reasons. Getting caught up in the moment. When you

Read More

Riding Out This Volatile Market

A major global selloff unfolds. Is a bottom near? Provided by Ken Hagel When will the stock market stabilize? As the last trading week of August began, worried investors wondered just that. Gains for the major indices were hard to imagine at Monday’s opening bell, but few imagined the Dow Jones Industrial Average would drop

Read More