Many advisory firms talk about their array of tools and resources. Every firm that is worth talking to
has them. The difference, however, is what the advisor does with them. Do they have the insight to use
them properly? How well do they apply them to help you? ACG’s insights may help provide a sense of
our ability to help you achieve success, as you define that term.
“Most kitchens have the same spices in the spice rack. That does not mean everyone is a good cook.”
– anonymous
Federal Reserve Chairman Jerome Powell today said the United States has made progress in managing inflation as well as employment, marking the start of a new phase in the central bank’s policy for achieving its dual mandate of full employment and price stability. “We have said that we would continue our asset purchases at the current pace until we see substantial further progress toward our maximum employment and price stability goals, measur..
Tax law and estate planning might bore you to death, but this brief tip could make a life-changing financial difference to your surviving spouse, and other loved ones, including disabled and chronically ill family or friends, as well any minor children in your life. These individuals are among the five exceptions to the usual distribution rules on the inheritance of assets in IRA, 401(k), or other federally qualified retirement plans. New rules, ..
Tax laws and estate planning might bore you to death, but this 90-second tip, ironically, could make a life-changing financial difference to widows, children, disabled and chronically ill individuals...
The Standard Poor's 500 stock index, the main growth driver of investor portfolios, closed the week less than 1% off Monday's all-time closing high, and the U.S. Index Of Leading Economic Indicators surged again in July. Meanwhile, the latest fundamentals, retail sales and housing starts data, remained very strong in July. Here's a two-minute update for investors. This chart shows that the LEI has rolled over very definitively prior to recession ..
Here’s a retirement planning alert built for current financial economic circumstances—an explanation of the current situation followed by a timely and high-value retirement investing tip. The manufacturing purchasing managers index ticked lower in July but it’s not too far off from its all-time record-high, while the service sector purchasing manager index shot higher, breaking a new record high. The service sector accounts for..
The manufacturing purchasing managers index ticked lower in July but is not far off from a record high, while the more important service purchasing management index shot higher to a record high. Meanwhile, business owner optimism ticked lower in July and the S&P 500 closed the week by breaking another all-time closing high. Here’s a roundup of the financial economic news. The Manufacturing Purchasing Managers Index came off its peak in July..
In this era of economic and investment volatility, fortunes are being made -- and lost! Whether you just won the lottery or earned a huge bonus for performing more procedures than any of your partners last year, here’s important information about what to do next. If you’re fortunate enough to come into a windfall, it’s important be aware of a mental accounting mistake known in behavioral finance as the “house money effect.” After ..
The total number of U.S. employees grew by 943,000 in July, a blockbuster number, and the risk of the Covid variant stopping the economic recovery grew less ominous this past week. In addition, the numbers on vaccinations improved markedly and behavioral economic factors kicked in, decreasing the likelihood that the Covid variant would end the recovery or even materially slow it down. The stock market closed at an all-time high. ..
For the five years through June 30, U.S. stocks were the No. 1 performing investment of major securities indexes! The S&P 500 index more than doubled in value, despite the pandemic! Remarkably, U.S. stocks were No. 1, not only for this five-year period through June 30, 2021, but for the past FIVE five-year periods ended June 30! And today the S&P 500 closed at a record high! This is precisely the right time to ask yourself: &..
Here’s what happened in the economy this past week affecting investors: The Federal Reserve said the recovery was making progress and is holding its course. The economy grew at a 6.5% annual rate for the quarter ended June 30th. Inflation persisted at the highest level in years. Disposable income, personal savings, and consumer spending reverted closer to their historical levels but remained extremely strong. After the meeting by the Federal ..
If you suffer from financial fear and anxiety, talking about it is likely to help. In talking about it, according to Dr. Frank Murtha, a financial psychology expert, you go through a process of recognizing, understanding, and constructively reacting to your fear, rather than keeping it inside you and causing anxiety. Whether your fear is running out of money in retirement, paying back a large debt, or caring for a family member with special needs..
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