In The Media

FOX BUSINESS segments with Schatz:
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  • Schatz on FOX Business

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  • Schatz on FOX Business
  • Schatz on FOX Business
  • Schatz on FOX Business

  • Schatz on FOX Business
  • Schatz on FOX Business
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CNBC segments with Schatz:





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Last minute tax tips with Financial Expert Paul Schatz
Author/Anchor: Tim Lammers
Date: Apr 11, 2018
Publication: FOX 61
Link to Article





Dow doesn’t let early loss get in way of big rebound
Author: Adam Shell Contributing: Kevin McCoy
Date: Apr 05, 2018
Publication: USA Today
Link to Article

The Dow on Wednesday rebounded from a more than 500-point plunge to close 231 points higher on another rocky trading day.

Wall Street bet that tariff threats and tough talk on trade from China and the Trump administration was likely a negotiating tactic and that the sides would eventually reach a deal to avoid a trade war.

The Dow Jones industrial average, down 510 points at its low, finished the day up 230.94 points, or nearly 1%, at 24,264. The wild price swings came after China struck back against the U.S. with threats to levy tariffs on more than 100 Americanmade goods ranging from autos to airplanes. Traders' initial takeaway was that it signaled an escalation in the trade fight between the world's two biggest economies. But the stock market’s ability to mount a rebound was due in part to investors' bet that neither country wants a full-out trade war despite the tit-fortat tariff threats.

"I think the market is beginning to understand and remember that Trump's bark is much bigger than his bite," says Lindsey Bell, investment strategist at CFRA, a Wall Street research firm. "The trade implications between the U.S. and China are far from complete. Investors are hopeful that the final trade agreement will be much more lenient than what has been discussed in the last 12 hours."

China on Wednesday targeted 106 U.S. goods for import tariffs — includ- ing important agriculture exports such as soybeans — after the Trump administration released a list of 1,300 categories of Chinese goods the U.S. plans to impose tariffs on. Both countries are targeting $500 billion in goods.

Investors were aggressively selling stocks such as airplane maker Boeing and heavy-equipment maker Caterpillar. These large, global U.S. companies do a lot of business in China and overseas, which makes their sales and profits vulnerable if the two countries can't work out a deal before the threatened tariffs, which are still under review, go into effect. Boeing (BA) closed 1% lower, after an early drop of more than 6%. Caterpillar (CAT) erased a 5% drop to finish 0.1% higher.

Paul Schatz, president of Heritage Capital, a moneymanagement firm in Woodbridge, Conn., said the strong finish to the day for stocks would be viewed positively.

The big worry on Wall Street is that corporate profits and sales will be hurt if trade restrictions are put in place, which would be negative for stock prices. Analysts expect strong results from corporate America when companies start reporting quarterly results next week. Profit growth of more than 18% is expected for companies in the Standard & Poor's 500 stock index, up from a forecast of around 12% at the start of the year, according to earnings tracker Thomson Reuters.

Most investors agree that tariffs are bad for business and the economy.

"Tariffs and trade wars are just plain bad," Schatz says. "I don’t care what the president tweets, no one wins."

"I think the market is beginning to understand and remember that (President) Trump's bark is much bigger than his bite." Lindsey Bell Investment strategist at CFRA, a Wall Street research firm.


We've got more downside before we hit all time highs says expert
Author: Kelly Evans - Closing Bell
Date: Apr 02, 2018
Publication: CNBC
Link to Article





Stocks plunge, advisers tell clients to hang tight
Author: Jeff Benjamin and John Waggoner
Date: Mar 22, 2018
Publication: Investment News
Link to Article

Though planners encourage calm, some are preparing investors for a correction

The Dow Jones Industrial Average plunged 724 points Thursday, and advisers are glad they have prepared clients for a more volatile market.

"I don't get a lot of calls on days like this," said David Rae, president of DRM Wealth Management. "I'm always talking about how these things are to be expected."

Mr. Rae said he regularly reminds clients via blog entries and television appearances about what to do when the market drops.

"It makes my life easier," he said.

The nearly 3% decline Thursday, sparked by fears of a trade war and worries about Facebook data breaches, was to be expected, given the stock market's massive rise: 322% since March 2009 and 17.8% in the past 12 months. Nevertheless, the blue-chip index's recent plunge puts the Dow down more than 10% from its late January high, and into official correction territory.

The market "was so non-volatility for so long, and historically long periods of low volatility lead to long periods of high volatility," said Paul Schatz, president of Heritage Capital. "Once the volatility genie came out of the bottle in early February, you had to expect more volatility. But the volatility is moving in both directions."

Mark Bass, financial planner with Pennington, Bass & Associates, said he had no calls about the market Thursday.

"Not a one," he said. "We've been saying for a year or more that we'd like to see the market drop 15%. When people ask, 'What should we do?' we say that we're not going to do a thing but watch it go back up."

Advisers agree that this year's market is dramatically different from last year's, which had less volatility than a napping bunny.

"This isn't the new normal, it's the old normal back again," Mr. Schatz said. "The markets should be moving 1% a few times per week, up or down, although we all prefer up."

And, they say, investors — and advisers — should be prepared for a broader correction.

"You don't want to be selling the rosy returns from last year," Mr. Rae said. "If you take credit for all the up markets, you take the blame for all the down markets."

Mr. Bass noted that, while the start of corrections always vary, the underlying cause is usually the same: an overvalued market.

"You can have something that elicits an emotional reaction that begins a decline, but the fundamentals determine how long a decline continues," he said.

In short, asking why a decline happens might not be the best use of your time.

"The markets don't care about Trump's musical chairs White House," Mr. Schatz said. "Nobody really cares about Facebook.

"You have the Fed conducting a grand experiment of raising rates and cutting its balance sheet while increasing borrowing needs," he said. "Those and Trump's tariffs are moving us toward recession. We will be in recession by mid-2019 or mid-2020."

And sometimes, clients don't hold their advisers responsible.

"My client base skews liberal," Mr. Rae said. "They blame Trump more than me."


From Apple to Lockheed Martin, 9 stocks to buy this spring
Author: Adam Shell
Date: March 16 2018
Publication: USA TODAY
Link to Article

Spring isn't just about cleaning out closets or shopping for your dream home. It's also a good time to freshen up your stock portfolio.

How? By jettisoning stocks you no longer like and buying ones with potential to bloom.

And with the U.S. stock market back on stronger footing after a rocky period early in February and the start of spring coming Tuesday, now's a good time to re-energize your investments.

If picking winning stocks isn't your strong suit, consider these nine from Wall Street fund managers and stock strategists. They say these picks have good upside potential as the 9-year-old bull market, which many pundits say is entering its final stage, chugs on.

The stock gurus named the following:

The Pick: J.P. Morgan Chase

The Pro: Thorne Perkin, president, Papamarkou Wellner, New York.

The bank, the nation's biggest by market value and headed by well-respected CEO Jamie Dimon, should fare well in an aging bull, Perkin says, because at this stage of the rally the economy is gaining strength and interest rates tend to rise. Both trends are good for J.P. Morgan's (JPM) profits. "The bank is well-managed, growing, diversified, disciplined, and future impacts of tax cuts bolster the buy case," says Perkin, adding that its annual dividend of about 2% is a bonus.

The Pick: Apple

The Pro: Brian Belski, chief investment strategist, BMO Capital Markets, New York.

Belski says the bull market could run 10 more years. And what better way to play it than to buy shares of Apple (AAPL). The world's most-valuable company, which is currently valued at roughly $906 billion, is within striking distance of becoming the first stock with a market value of $1 trillion. "Apple is the premier consumer staples company," says Belski, highlighting a crucial reason why the gadget maker will keep prospering as Americans' pay and job prospects improve with the economy. The key investment math related to Apple, he says, is simple: "Cash plus innovation."

The Pick: U.S. BankCorp

The Pro: Paul Schatz, president, Heritage Capital, Woodbridge, Conn.

The Minneapolis-based bank should also benefit from stronger growth and rising borrowing costs for people taking out loans. Another plus, according to Schatz, is that the bank regularly sets aside bigger reserves than they need for bad loans. The upshot to that conservative strategy is U.S. Bancorp's (USB) quarterly earnings turn out to be better than promised, Schatz says. "It's a good bank for the buck," he says.

The Pick: Lockheed Martin

The Pro: Ray Hare, director of equity research, Huntington Private Bank, Cincinnati.

The defense contractor, which posted sales of $51.05 billion last year, should generate high-single-digit revenue growth over the next three years, according to Hare. Bolstering Lockheed Martin's (LMT) sales is the increased spending on defense to "rebuild and modernize the military" laid out in President Trump's 2019 fiscal year budget. Lockheed's business will get a lift, Hare says, as its F-35 fighter jet program ramps up and its missile sales remain healthy.

The Pick: Western Digital

The Pro: Barry James, manager, James Balanced Golden Rainbow Fund, Alpha, Ohio.

The digital world is awash in data. And Western Digital (WDC) is an American computer data storage provider with an array of products that allow customers ranging from gadget lovers to data-intensive businesses to store all that information, whether its in hard drives or the cloud. In the fiscal year ending June 2017, its sales jumped 47% to $19.1 billion according to FactSet. "The innovation in technology continues to create exponential storage growth needs," James says.

The Pick: Cognizant Technology Solutions

The Pro: Robert Stimpson, portfolio manager, Oak Associates, Akron Ohio.

Cognizant, which helps companies save money through efficient and cost-effective information technology, is a perfect stock to own late in a bull run, when the economy could eventually slow and companies become more cost conscious. The IT company has a diverse group of customers, from tech firms to financial companies. That sets them up to "do well in most market environments," Stimpson says.

The Pick: AptivV

The Pro: Adam Abelson, chief investment officer, Stralem & Co., New York.

Aptiv is a Gillingham, England-based auto supplier that specializes in the fast-growing electric-car segment. In short, it's a bet on transportation's future. "It is a play on the powerful long-term trend of electrification and autonomous (driving) that will continue regardless of any short-term economic or market downturn," Abelson says.

The Pick: Westrock

The Pro: Bob Doll, chief equity strategist, Nuveen Asset Management, New York.

The paper and packaging solutions company isn't a sexy stock. But with demand high thanks to the solid economy and strong pricing power, WestRock (WRK) is well-positioned to "expand profit margins, grow sales and cash flow," Doll says. The stock is selling at a price-to-earnings ratio below 10, compared with the broad stock market's P-E of more than 17 times earnings, according to Thomson Reuters. "It's trading at very attractive valuation levels," Doll adds.

The Pick: Donaldson Co

The Pro: Michael Farr, president, Farr, Miller & Washington, Washington, D.C.

Donaldson Co. (DCI), the global maker of filtration systems and products that go into heavy-duty engine and industrial applications, is another stock lacking the buzz of more popular names. But the company has "dominant market share" in many of the areas where it does business, and it has "attractive" long-term growth potential, Farr says. The company also has broad global reach, with nearly two-thirds of its profits coming from outside the U.S., which will allow it to benefit from the ongoing global economic upturn.



Stock market 10-month win streak ends in February after correction
Author: Adam Shell
Date: Feb 28, 2018
Publication: USA TODAY
Link to Article

Stock investors' hearts skipped a beat in February.

It wasn't cupid messing with their emotions, but a sudden and sizable dive in stock prices that caused the U.S. market to finish the month with a loss, snapping a streak of 10 straight monthly gains.

The Standard & Poor's 500 index, a broad gauge of stocks, ended February down 3.9%, its first monthly loss since March 2017, which left it just shy of an 11-month streak in 1958, according to S&P Dow Jones Indices. The fall was also its biggest monthly decline since January 2016, when investors stepped back from stocks because of concerns that China's economy was in danger of a major contraction.

This February was a turbulent period, which saw the return of wild price swings for stocks after a long period of calm. The volatility — including two days in which the Dow Jones industrial average suffered record point drops of more than 1,000 points — was set in motion by fears that borrowing costs would spike more than expected this year, threatening to slow growth for the economy and stocks.

The stock market decline at the start of the month was swift and startling, a 10.16% fall in the S&P 500 over a nine-session span ending on Feb. 8, resulting in the market's first correction — defined as drop of 10% or more — in two years.

To be sure, the market has recouped a big chunk of its losses and has climbed back into positive territory for the year. A 401(k) investor that started the year with $100,000 invested in the S&P 500 would have seen his or her account balance swell to $107,453 by late January's peak, only to sink to $96,536 at the low for the year. At the end of February, that initial investment was still showing a gain of about $1,500.

The shift in the market's tone is viewed by many as a sign of change in financial markets.

So what changed?

Return of volatility Overall, the stock market has been on a steady rise for more than a year with few hiccups along the way. Big market drops were absent, as was investor fear. But volatility came roaring back recently as rate-hike worries intensified.

The S&P 500's longest-ever period without a 3% drop, dating to November 2016, was snapped Feb. 3, according to Bespoke Investment Group. The large-company stock index also suffered its first 5% drop since late June 2016 when stocks tanked after the surprise vote by Britain to exit the European Union. The S&P 500's first correction in two years followed Feb. 8.

Similarly, the VIX, a closely watched Wall Street fear gauge that also measures how much volatility investors think there will be in the future, shot up more than 100% in a single day during the market panic in February, its biggest jump ever.

"We saw a tsunami of volatility," said Paul Schatz, president of Heritage Capital, a Woodbridge, Conn., investment firm.

Rising borrowing costs

After years of support from record low interest rates since the 2008 financial crisis, the market is now coming to grips with the reality that an improving economy and job market will lead to higher inflation — and higher borrowing costs. Higher interest rates slow consumer spending and crimp growth, making stocks less desirable.

The 10-year Treasury note, a benchmark borrowing rate that determines the cost of mortgages and other consumer-related debt, has spiked from around 2.40% at the end of 2017 to about 2.90%. The recent run-up in long-term bond yields gained speed on Feb. 2 after the government reported that average hourly wages grew at their fastest pace since 2009.

"Investors said, 'Oh gosh, rates are going to start rising,'" explains Brian Jacobsen, senior investment strategist for Wells Fargo Asset Management.

Investors also worry that the Federal Reserve will raise short-term rates too aggressively this year. That concern gained credence Tuesday when the new Fed chief, Jerome Powell, told a congressional panel that he believes the economic outlook has improved since the central bank last met in December. Powell's words were interpreted by Wall Street as a sign that the Fed might hike rates four times this year, not the three they have already signaled.

Reminder: Stocks go down

When stocks go up pretty much in a straight line, like they did in 2017 when the S&P 500 rose 19.4%, and early this year, when it rose another 7.5%, investors forget they can be risky and can actually go down.

The February swoon dissuaded them of that erroneous notion.

"It was the first time the latest generation of investors realized that they can lose money and lose it quickly," Schatz says.





Stretch Your Dollar: What to do with tax refunds, bonuses
Author: Laura Hutchinson, News 8 Anchor
Date: Feb 22, 2018
Publication: WTNH - NEWS 8
Link to Article



(WTNH) — It's the time of year to put a little money back in your pocket, if you're lucky.

Tax refunds are coming in and in some cases paychecks are getting fatter in the New Year.

Some companies are even giving out bonuses as a result of the president's Tax Cut and Jobs Act.

"Employees are getting anywhere from a $1,000 to $2,500 in bonuses," said Paul Schatz.

It's good news for you and even better if you spend it wisely.

Heritage Capital’s Paul Schatz says there's one place it should go first.

"Pay down that credit card debt before going on the trip, before you put in your savings account, before you put in your 401K," said Schatz.

After you pay down debt, Money Crashers says increase your emergency fund, your retirement contributions and anything you need, like that dental work you've been putting off or the new appliance at home.

While it is okay to splurge on some fun, after all, you have worked hard for it. You may find you have more money for that stuff later after you have taken care of some of life's necessities.



PAUL SCHATZ TALKING INVESTING IN 2018
Author/Anchor: Tim Lammers
Date: Feb 15, 2018
Publication: FOX 61
Link to Article



Given the stock market’s correction, we can focus on my short, intermediate and long-term forecast outlook along with what individual investors should be doing, etc. interest rates as they relate to mortgages, credit cards etc.



Dow plunges over 600 points
Author: Kelly Evans - Closing Bell
Date: Feb 09, 2018
Publication: CNBC
Link to Article





As Dow plunges, some investors get their buy lists ready
Author: Kellie Ell
Date: Feb 08, 2018
Publication: CNBC
Link to Article
  • Analysts give their top picks on what to buy as the Dow drops below 1,000 points.
  • Financials, Mid-cycle industrials and chips are bargains.
The stock market continues its nearly week-long trek downward and investors are searching for reasons. That's not stopping many from breaking out their buy lists and adding to their favorite stocks and sectors in this downturn.

An uncertain bond market is one possible trigger. Negative implications on the job market after wage increases and uncertainty over whether the U.S. Federal Reserve will raise interest rates are more fear factors leading investors to sell, said Scott Wren, senior global equity strategist for Wells Fargo Investment Institute, a subsidiary of Wells Fargo Bank N.A.

Here's what we do know: the Dow Jones Industrial Average closed 1,032.89 points lower on Thursday.

"It doesn't matter what the causes are," said Art Hogan, managing director and chief market strategist at B. Riley Financial, a financial service company. "You've got some great buying opportunities," he told CNBC.

"We're selling everything because we're so concentrated in our ownership of stocks and ETFs that we're creating dislocations that are going to be massive opportunity for active managers and stock pickers," Hogan said.

Here are some hot picks while the market is in distress.

1. Financials

Increased volatility, or uncertainty in the size and direction of market changes, is good for banks, Hogan said Thursday during "Power Lunch." Add that to rising interest rates and net interest margins and what Hogan called a "lighter regulatory touch" and financials are a bargain.

"And not just in the big names," said Barry James, president and portfolio manager at James Investment Research, an investment firm. "But on down the line as well in terms of size in the financial area. When rates go up they tend to increase their rates faster than the overall market and they increase their spread."

James, who was also on Thursday's Power Lunch, cautioned investors that the "pain" is not yet over and to search for "bargain-type stocks," such as gold, short and floating-rate notes and to put money into cash.

2. Mid-cycle industrials

"They're being sold like there is no economy or no economic growth going on," Hogan said. "They're being thrown out with the bath water."

3. Semiconductor stocks

The technology stocks have been less expensive in February, Paul Schatz, president and chief investment officer of Heritage Capital told CNBC during "Closing Bell" on Thursday. He expects market highs to return during the next quarter and said the prime buying time is in the next three to eight months.



Dow plunges more than 1,000 points, falls into correction territory
Author: Adam Shell
Date: Feb 08, 2018
Publication: Adam Shell, USA TODAY
Link to Article

The Dow Jones industrial average plunged 1,033 points Thursday, its second-worst drop in history, extending its losses in the recent selloff to more than 10% and putting it officially into correction territory.

The blue-chip stock average’s recent drubbing, which follows its record 1,175-point drop Monday, has been fueled by fears that a long period of low interest rates and tame inflation that have boosted the economy and fueled a rapid rise in stock prices may be nearing an end as economic conditions improve.

“The Dow has been hit by a tsunami of volatility,” says Paul Schatz, president of Woodbridge, Conn.-based investment management firm Heritage Capital. “The market is repricing in a lot of factors at once. And rates have run up fast. The market always has a tough time when things happen in a linear fashion.”

The Standard & Poor's 500 stock market, a broader market gauge that is a core holding in 401(k) plans, also fell into correction terrritory. It's 10.2% drop since its Jan. 26 record high is its biggest since a 14.2% decline ending in February 2016.

The double-digit percentage stock decline has occurred even though Wall Street stresses that the health of the economy, labor market and U.S. businesses remain strong.

On Thursday, the yield on the 10-year Treasury note again ticked up to a recent four-year high of 2.88%, sparking fears that rates could quickly top the key 3% level.

The stock market has also been upended by an unwinding of a popular trade that relied on market volatility to remain calm. But that trade has turned bad amid wild price swings that have turned suddenly violent since the market's peak.

Sparking the turbulence was a report released last week showing that hourly wage growth rose at its fastest pace since 2009. That strong pay data sparked fears of coming wage inflation, which intensified worries that the Federal Reserve could hike rates more often this year than the three times they have originally signaled.

“The market has undergone a psychological change,” says Doug Ramsey, chief investment officer at The Leuthold Group in Minneapolis. “The mystery now is what level on the 10-year Treasury will, if not break the bull market’s back, at least knock it back a few steps.”

While Wall Street has been calling for a correction for some time, given the market’s euphoric rise, the fall has been more violent and quicker than anticipated.



What market woes mean for your 401K, interest rates
Author: Amy Hudak, News 8 Reporter
Date: Feb 06, 2018
Publication: WTNH - NEWS 8
Link to Article



NEW HAVEN, Conn. (WTNH) — It was a jaw-dropping day on Wall Street Monday, as the Dow Jones plunged nearly 1,600 points in the worst single day point decline in history.

Paul Schatz, President of Heritage Capital LLC, says the sticker shock is worse than what this means for your bottom line.

“People are more freaked out now because they see the large numbers,” Schatz told News 8. “I think this is a short-term panic and not anything that’s going to impact the economy for at least the next 6 to 9 months.”

As for why we saw the drop? Schatz says the last 24 months were the least volatile in market history, with a growing national and global economy, wage increases and rock bottom interest rates.

“The market is a little bit scared about interest rates, the market is a little scared about wage growth,” Schatz continued. “Historically this is all very normal. I’m going to put quotes around “healthy and routine” because nobody feels healthy and routine when you live through it.”

Mel Twiest says he’s not overly concerned, but says it certainly doesn’t feel good seeing the numbers.

“It’s not pleasant, but what goes up comes down and nobody complained when it went up in such a spectacular and really ridiculous way,” Twiest said.

Imran Kassam says this is just what the market does.

“Volatility is just part of what happens and I think over the next few months everything with even out and another cycle will begin,” Kassam added.

As for your investments and 401K, Schatz says don’t do anything rash.

“The average 401K investor should do absolutely nothing,” Schatz said. “Don’t compound a problem with a problem and emotionally panic-sell then look back and see the market is back and say ‘what to do now.'”

As for interest rates, they’re expected to rise.

“If you’re going to borrow money for a car or borrow money on your credit card, those interest rates are going to go up and remain that way until at least the other side of the recession,” Schatz continued.

Financial experts say they expect stocks to bounce around volatily for the next two to four weeks before settling down and evening out. Schatz says we could see all-time highs by the second quarter of 2018.



Dow, S&P 500 suffer worst one-day fall in five months as Apple drags
Author: Neil Cavuto - Coast to Coast
Date: Jan 30, 2017
Publication: Fox Business
Link to Article



Financial resolutions for 2018
Author: Samantha Miller, News 8 Producer
Date: Jan 24, 2018
Publication: WTNH - NEWS 8
Link to Article



(WTNH) — Many people look to pay off debt and become more financially sound in the New Year. President of Heritage Capital LLC Paul Schatz talks about money resolutions in 2018.

Schatz says people should start with an inventory of your home. Take photos in case something happens to your home, or you experience an insurance problem.

Organize a financial inventory of your key documents like your 401K, IRA, and bank accounts together in a binder.

If you have a home equity line of credit that interests are no longer deductible, Schatz recommends paying it down.

If you have a little extra money coming in, whether it’s a raise or a tax return, Schatz recommends using some of that money to tackle some of your credit card debt first, especially if you have high interest rates. If you have money leftover, Schatz recommends tucking some away in your 401K.

Some other financial resolutions to consider:
  • Check credit report
  • Create a budget
  • Pay down/off high interest rate credit card debt
  • Consolidate debt
  • Refinance your mortgage
  • Prepare early but file for Social Security late
  • Establish an emergency fund
  • Review investment allocation
  • Do not go “all in” on stocks
  • Re-balance 401K and other investment accounts
  • Review and increase 401K or other retirement plan contributions
  • Understand exactly what your health insurance covers


Stretch Your Dollar: Steps to get in better financial shape for 2018
Author: Laura Hutchinson, News 8 Anchor
Date: Jan 25, 2018
Publication: WTNH - NEWS 8
Link to Article



(WTNH)– Get out your pen and paper! You can set yourself in better financial shape by just taking a few easy steps. We are stretching your dollar with a to-do list to improve yourself in 2018.

Did you get a new TV for the holidays or finally splurge for some new furniture in 2017? Well it may be time to photograph inventory in your home. That’s one move Heritage Capital’s Paul Schatz says people forget to do, but it can really save you money in an emergency like a fire or flooding.

Another easy one to forget? Update your beneficiaries if you haven’t done it in a while.

“What you don’t want to do is have a beneficiary that you don’t want to receive those funds or who is no longer with us and then it going to your estate,” said Schatz.

Now lets talk about the money in your account. Make sure to pay those credit cards on time to protect your credit score.

And speaking of that, add it to your to-do list to check it!

“It is absolutely crazy insane not to check your credit report at least annually. It’s free! Let’s make sure the accounts on there are our accounts, In my wife’s case, she found out three times that someone had stolen her identity on the west coast,” said Schatz.

Paying down your debt should be a top priority.

After that, think about contributing more to your retirement accounts, markets are up, so it’s a good time to capitalize on that.


Investing in Berkshire Hathaway could look different once Warren Buffett steps down
Author: Lorie Konish
Date: Jan 10, 2018
Publication: CNBC
Link to Article
  • The 87-year-old billionaire acknowledged he is moving toward a succession plan for the leadership of Berkshire Hathaway with the appointment of two new board members.

  • A change in leadership prompted by Buffett's departure would change the investment outlook for the company.
Warren Buffett is coming closer to naming a successor at Berkshire Hathaway. It remains to be seen whether the company will lose its lustre without the Oracle of Omaha.

Buffett named Gregory Abel, 55, and Ajit Jain, 66, to the company's board on Wednesday. Abel will serve as vice chairman of non-insurance business, while Jain will serve as vice chair of insurance operations.

The appointments are "part of a movement to succession over time," Buffett told CNBC in an exclusive interview.

The legendary investor's departure would put the company into unchartered territory for retail investors. Buffett took the company over in 1965 and has overseen its growth ever since.

The 87-year-old businessman currently serves as chairman and CEO of Berkshire Hathaway alongside vice chairman Charlie Munger, 94. The Omaha-based conglomerate employs tens of thousands in a variety of businesses including insurance, mobile housing and industrial concerns.

Buffett said on Wednesday that he is in "remarkably good health."

"I feel terrific. I love what I do. I can't wait to go to the office in the morning," he said. "There's nothing I'd rather be doing."

Buffett said he will notify Berkshire's board and shareholders if he experiences any health issues. Berkshire's board already knows who would take over if something happened to him, he said on Wednesday.

Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC "Probably no other company on earth has this kind of make up where you have someone who has essentially been running the company for 50 years," said Paul Schatz, president of Heritage Capital in Woodbridge, Connecticut.

Buffett himself could not repeat his investment track record with the level of assets the company now has, according to Schatz. That will pose a challenge for his successors.

"They can do a great job, but there is no chance they will come close to the record he compiled over the last 50 years," Schatz said. "The assets are just too big."

Schatz predicts there would be some changes to the company's stock, which is sold in two classes, with Buffett's departure. "Once Warren and Charlie are gone, there will be intense pressure to start paying a dividend," he said.

The chart below shows how Berkshire Hathaway's less expensive shares have fared against the S&P 500 index over the past five years.

BRK.B

Mark S. Germain, founder and CEO of Beacon Wealth Management in Hackensack, New Jersey, said he still sees Berkshire Hathaway as a promising investment.

"The brain power of Berkshire Hathaway has not been diminished by adding more brain power," Germain said. "The key players are still there."

Still, if a sudden management change were to happen and Buffett was no longer at the company, Germain said he would put the company on watch.

"We put the buying of that particular investment opportunity on hold until we have time to evaluate," Germain said. "It doesn't mean you go and sell everything."

Germain said he thinks Buffett has made plans for Berkshire Hathway with the same long-term focus he applies to his investments.

"If I could pick someone to have been mentored by, it would be Warren Buffett," Germain said. "Exactly as he looks for companies, he wants his company to be managed in the same fashion."


Paul Schatz 2018 financial projections
Author/Anchor: Keith McGilvery
Date: Jan 10, 2018
Publication: FOX 61
Link to Article



Investment tips for 2018
Author: Samantha Miller, News 8 Producer
Date: Jan 09, 2018
Publication: WTNH - NEWS 8
Link to Article



(WTNH) — President of Heritage Capital LLC Paul Schatz shares some investing tips for 2018.

1: We report on stocks going up and down every day. What’s your outlook for 2018?

Schatz says stocks had the least amount of volatility, or ups and downs in 2017 of all time. For 2018, Schatz predicts more ups and downs. The market will continue to change in the short term, but Schatz worries that later this year, the bottom may begin to fall a little bit. The first six months of the year are predicted to shape out well for the markets.

2: Is it too late for people to invest?

When the market bottomed in 2009, very few people wanted to invest. Schatz says it wasn’t until the DOW hit $25,000 that people felt they had missed the boat. Schatz says if you can tolerate the risk of stocks, you can put in a little each day, week or month, which is called dollar cost averaging.

3: What are your thoughts on our local economy here in Connecticut? Where are we headed?

Schatz worries about what he says is a “fiscal and pension disaster” in the state. His concern is that Connecticut’s economy will not build up the strength to match up to other parts of the country. Small and mid-sized companies are not having the best of luck moving into our state. Schatz says the masses need to speak up, in order to make a change.

4: How will the new GOP tax reform bill affect the people of Connecticut?

The problem here in Connecticut is that we are a high income tax state. Under the new tax plan, you can no longer deduct more than $10,000 in property and income tax. The wealthier people in Connecticut can decide if they need to relocate, which can overall hurt the state. Schatz says the only benefit the tax reform package has for Connecticut is that the minimum amount you can deduct went from $12,700 to $24,000. This means most people are taking the standard deduction instead of itemizing on their taxes.


Stretch Your Dollar: New year, new "fiscally responsible" you
Author: Laura Hutchinson, News 8 Anchor
Date: Jan 08, 2018
Publication: WTNH - NEWS 8
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(WTNH)– New year, new “fiscally responsible” you. That sounds like a plan. If you’re looking to get your finances in order this year, we’ve got some help.

Fresh off holiday shopping, getting your finances in order is probably near the top of your to-do list for 2018. Experts say the best place to start is finally create that budget.

“Over 95 percent of the country does not even have a budget,” said Paul Schatz, financial resolutions.

How do you do that? Paul Schatz says take an honest look at where you spent your money last year and talk to your financial adviser about where to go from there.

“But when you put things on a spreadsheet, you’ll be surprised to see where that money goes,” said Schatz.

If you can, shave off some of your income and put it in a rainy day fund, set it up to come out automatically if you can. Or divert it to your retirement,

“If you can add a little more each paycheck to your 401K, to your IRA, to your SEP, it’s only going to help you out with retirement planning but also from a tax point of view, you’ll pay less taxes to the government which is always a good thing for us,” said Schatz.

Make it part of your routine to check your credit score and what goes into it. Many people find errors when they watch it closely, which, when corrected, can drastically improve your financial profile.



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