Okay, this message has nothing to do with the markets or the C word. I assume that, like me, you’d like a short break from hearing about the Dow, social distancing, rates of infection and sheltering in place. So I thought we’d try to give ourselves some relief by turning to my favorite non-economic subject: music.
We’re all familiar with the quote from President Franklin D. Roosevelt, made at his first inaugural speech in the depths of the Great Depression. But at this time, it feels right to give the whole quote: “let me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”
After we wrote our first piece regarding the coronavirus-induced market selloff last week, the news has continued to be gloomy.
The Coronavirus (or COVID-19, as the disease is known) is becoming a huge concern all over the world.
The worst December for stocks since the Great Depression. A decline in the Nasdaq of more than 20% since its high in August, dropping it into Bear territory. A loss of $1.2 trillion in value from Facebook, Amazon, Apple, Alphabet, Netflix and Microsoft.
In today's toxic environment, how can an investor trust an advisor’s recommendation to accept some volatility in exchange for longer-term gain? How can the investor know that her advisor is looking after the investor’s best interests, when even the U.S. Court of Appeals says that the advisor doesn’t have to?
The big drops in the stock and bond markets on February 2 - 5 gave many investors scary flashbacks. But the truth is that drops like that are to be expected, not feared.
It’s time once again for eggnog, office parties, family gatherings, hotly-contested college football playoffs and financial predictions from investment advisors. Not wanting to follow the crowd, Riverview Trust Company wants to share its own insights for 2018.
We’re looking at the effect of the Fed’s actions on the stock and bond markets. In the first installment, we looked at how the Fed promotes economic growth and price stability. In the second, we examined the way stocks and bonds are valued, and how economic factors (including those triggered by the Fed) move those values. In this final segment, we’re going to see how the Fed’s actions actually have affected the markets over the past year.
The IRS announced its 2017 "Dirty Dozen" list of tax scams today. Take a look at the enclosed links to stay up-to-date on what to watch out for when filing your own taxes this month!
There’s so much going on these days. The stock market is rising, bond prices are dropping (sort of), emerging markets are all over the place. Portfolio-watching is becoming as big a spectator sport as football. Maybe bigger, given football’s recent television ratings. But watching your portfolio can be bad for your financial health. The more often people look at their investments, the less likely they are to take on risk.
There is a lot written lately about the "fiduciary standard" in investing, largely because the Department of Labor is set to impose that standard on advisors who manage retirement accounts. Essentially, it means putting the interests of another ahead of your own. This seems like it should be the undisputed goal of every investment advisor: we should always be putting our clients' interests ahead of our own. So why is the brokerage industry fighting it?
The Dow has increased by about 3% since the first of the month. It went up dramatically when it became clear that Clinton was going to win. It went up about the same amount when it became clear that Trump actually won. So much for predicting market moves. So what lessons can we learn from politics and the market?
In this election season, all decisions seem to be fear-based. Each side stirs up voter fear about the other. Fear of terrorism, crime, international tension, permanent job loss. Fear of some other group (government bureaucrats, religious fanatics, illegal immigrants) taking something from us. Republicans are hunkering down against Democrats, and vice versa.