November 29, 2016

Many Reasons to Give Thanks

During a week while many were thankful, the markets gave us much to be thankful for. Through the four-day trading week, the S&P 500 was up 1.44%, the Dow gained 1.51%, the NASDAQ added 1.45%, and the MSCI EAFE increased 1.26%. What Happened This Week? The S&P 500, Dow, and NASDAQ hit all-time highs: For the third straight week, the three major domestic indexes increased – and they all reached record highs. By market close on Friday, November 25, the S&P 500 was at 2,213.33, the Dow reached 19,152.14, and the NASDAQ was up to 5,398.92. Each of the indexes is now up over 7% for the year. U.S. Dollar/Euro move closer together: A combination of positive news in the United States and ongoing economic challenges in Europe have moved the dollar and euro increasingly closer together for the past three weeks. In fact, Deutsche Bank now predicts parity between the two currencies by the second quarter of 2017- and the dollar to be worth more than the euro by the third quarter. The two currencies have not had equal value since November 2002. At the euro’s highest in July 2008, it was worth more than 1.6 times as much as […]
June 28, 2016
Why you will never retire! “Why you will never retire!” Let’s find out. We all have hope and dreams—travel, relaxing, paying golf every day or for me personally sitting on a beach after a morning of wetting a line (a.k.a. fishing)…basically enjoying the vacation life everyday.  Whatever you’re dreaming of could be nothing more than a pipe dream unless you take the necessary steps. According to a recent survey, half the households in America have saved less than $10,000 for their retirement income.  Whether they’re just overspending or planning to live off social security, most people aren’t saving enough to retire plain and simple. So what’s the reason for this trend? 1. We start saving to little too late  Most people spend their years in college and come out in their early 20s. Then they get into their 30s and their trying to find that new job, buying their first house, getting married, having babies. Somewhere between their 30s and 40s life seems to be getting a little better…maybe they get a pay raise at work…and now they go out and go in BIG DEBT buying brand new fancy cars, big fancy toys, big fancy houses, etc. and they still aren’t looking toward retirement. […]
June 17, 2016

Building Wealth without Stocks – Financially Simple

Get rich quick schemes are everywhere you look, however, if you’re serious about building wealth you’ll need to look elsewhere. Using the stock market is obviously a great place to start, but it’s not the only way to amass a fortune to secure your future. There are several other great investment opportunities to help fund your retirement. The most popular venture outside the market is real estate. This is one of those areas you need to be careful though. Everyone and their brother have written a book and want to sell it to you on how to make money. There are a lot of pros and cons when it comes to investing in real estate. Many people jump in without fully understanding things like market timing, time management, law, or ROI. Typically they’ve read or bought something promising big returns and they end up burned. I know just as many people who have lost money in real estate as those who have made money. Another alternative is business…think “Shark Tank”. Instead of buying stock in XYZ fishing company, you can actually go out and partner with someone you know that needs your capital to get their business off the ground. Perhaps you can find […]
May 16, 2016

VIDEO: May 2016 Educational Economic Update

May 2016 Educational Economic Update Justin Goodbread, Knoxville Tennessee Wealth Manager & Financial Planner discusses current market conditions. Heritageinvestor Hello folks, this is Justin Goodbread, CERTIFIED FINANCIAL PLANNER™ from Heritage Investors with our May 2016 educational economic update. In this video, we’ll talk about some of the economic events that influenced markets in the last month, and give you some insight into what they could mean for you as an investor. Please stay tuned at the end for a required disclosure statement. The Federal Reserve Open Market Committee met in late April and, unsurprisingly, decided to leave interest rates where they are. Though the Fed still expects to raise rates this year, central bankers clearly intend to move carefully. Though the Federal Reserve seems ready to raise interest rates as soon as economic growth picks up, the latest economic data doesn’t support their narrative. Before the meeting, many investors were expecting a June rate hike; however, the Fed’s cautious tone and the November election make it more likely that the next rate hike won’t come until December. Investors also got a look at fresh economic growth numbers. The advance estimate of first-quarter Gross Domestic Product showed that economic growth stumbled, […]