December 20, 2016

8 Must Do Financial Moves for the Young Adult

Hey, this is Justin Goodbread with financiallysimple.com bringing you 8 points that you must do if you’re just getting started. 1. The first thing we have to do is to learn self-control. You say ‘Wait a second! What do you mean learn self-control?’ Look, we’re no longer a kid anymore. I once heard a wise woman say, ‘Where you’ll be five years from now is determined by the books you read and the things you do today.’ You must take control of yourself. 2. Your financial future is YOUR responsibility; no one else’s; it’s not the government’s, it’s not mom and dad’s, it’s not mine, it’s not your brother’s, not your boss’; it’s YOUR responsibility. 3. Always know where your money is going. Have a budget; track where your revenue is going. 4. Start an emergency fund. Set aside a little bit of cash, where you can’t get to it unless there’s an emergency. 5. This is an important one. Start saving now for retirement. Don’t wait; even if it’s $25 a month. Do realize that $25 a month, over 30 years will be $75,000? Start a retirement fund. 6. Learn taxes and get a grip on them. You will […]
August 17, 2016

S&P 500, Dow, and NASDAQ Post New Records

S&P 500, Dow, and NASDAQ Post New Records WEEKLY UPDATE – August 15, 2016 Stocks ended last week mostly flat, falling slightly on Friday after the major U.S. indexes set new record highs on Thursday on positive earnings surprises. The NASDAQ also notched a seventh week of gains, its longest winning streak since 2012.[1] For the week, the S&P 500 gained 0.05%, the Dow grew 0.18%, the NASDAQ added 0.23%, and the MSCI EAFE grew 2.73%.[2] Earnings season is mostly behind us, and, with nearly all of the S&P 500 companies having reported in, we have a good overall picture of last quarter’s performance. Total earnings for the index so far were down 3.7% on -0.7% lower revenues relative to Q2 2015. However, 71.1% have managed to beat profit expectations, which has given stocks a boost in recent weeks.[3] Here’s what we can take away from the second quarter. Though earnings growth is still negative, it’s a vast improvement over what we saw in the first quarter from the same group of companies. Results are also better than the 4-quarter moving average. Revenue growth is also negative, showing that many companies are still (seven-plus years into the economic recovery) struggling […]
July 25, 2016

S&P 500 Closes at Another New Record

S&P 500 Closes at Another New Record WEEKLY UPDATE – JULY 25, 2016 Stocks ended a fourth straight week of gains, sending the S&P 500 index to another record high.[1] For the week, the S&P 500 gained 0.61%, the Dow grew 0.29%, the NASDAQ added 1.40%, and the MSCI EAFE closed flat.[2] Second-quarter earnings season is in full swing, and the picture thus far is much like that of the last four quarters: uninspiring performance eked out on very little revenue growth. However, there are some encouraging signs that could presage better performance in the months to come. As of July 22nd, we have data from 126 S&P 500 companies, accounting for almost one-third of the index’s total capitalization. Overall Q2 earnings for these companies are down 1.1% from the second quarter of last year on 2.6% lower revenues. However, over 70% have managed to beat earnings estimates, indicating that managers did a good job of setting the bar low.[3] There are also plenty of revenue surprises from firms that saw more demand than expected. Though it’s disappointing to see another quarter of negative growth, the picture for U.S. firms appears to be improving. Revenue growth is tracking above what we […]