Markets OK – Jobs & Inflation
Stocks came into 2023 on slippery footing but managed to eke out a gain after the first five days. Yale Hirsch’s Stock Trader’s Almanac had a quaint piece about as goes the first five days of the year, so goes January. And as goes January so goes the year. It all nice and tidy except that it does not stand up to scrutiny this century. I can’t tell you how many times I have heard the pundits tell everyone, “Don’t […]
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Date: January 10, 2023
Why You Should Regularly Update Your Retirement Projections
Retirement planning is an important process that should become a lifelong habit, especially if you are a high-net-worth individual. Given today’s challenging economic and investment environment, it’s even more important to regularly revisit and refine your long-term projections and strategies. Otherwise, you’re driving blindly into the future. Keeping them up-to-date can help ensure that you are prepared for whatever uncertainties may arise in your post-retirement life. This is good because, unfortunately, car accidents, divorces, and lawsuits lack the courtesy to […]
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Date: January 9, 2023
2023 Fearless Forecast – Year of the Bull
Intro to the Fearless Forecast Each and every year, I spend some time in Q4 collecting my thoughts about how I see the next 12 months unfolding in the financial markets, economy, etc. While I do really enjoy looking into my super secret crystal ball as I do throughout the year, I also know that it’s a fairly futile exercise to forecast 12 months out. First, we do not manage client portfolios according to my opinion in any time frame. […]
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Date: January 7, 2023
Santa Did Call – 2023 Should Be Good For All
For the past few weeks I heard pundit after pundit scream about how the Santa Claus Rally (SCR) will fail this year or is failing this year or even crashing. The fact of the matter is that the SCR ended at Wednesday’s close with a gain of 0.81%. That is inarguable fact. Santa Claus came to Broad and Wall so bears will not call, or at least that’s how the botched adage goes. In other words we see no warning […]
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Date: January 5, 2023
Strong & Telling Market Action On The Way – Santa Delivering
2023 is finally here and most in the business will not miss 2022. Good riddance and adios to the most challenging year for stocks and bonds combined since at least the Great Depression. As we turn the page I wish you a 2023 full of good health, happiness, peace and prosperity! I thank you for reading, for questioning and for commenting. I am truly grateful and appreciative. Although I am not one for big resolutions, I will say this; my […]
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Date: January 3, 2023
Top 6 Financial Tips Before Year-End
The final week of 2022 is upon us and I wanted to share a video I created as well as a recent segment I did with my friend, Tim Lammers, on Fox61 in CT. It’s not too late to do some last minute financial planning and save money before the year ends. As always please don’t hesitate to call or email with any questions or comments. Top 6 Financial Tips Before Year-End Plans and reflections for end-of-year personal finances Last […]
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Date: December 28, 2022
How Can a High Net-Worth Individual Fortify Investments?
These can be challenging times for investors. As I’ve mentioned before, the classic 60/40 investment portfolio is not the reliable go-to it was for decades. The economy and stock market both tend to be cyclical, so they should improve over time. However, that probably won’t happen overnight. This is why having a well-diversified investment portfolio is always a good idea. What follows are some additional tips to consider. This article considers these topics: Resist the urge to sell when the […]
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Date: December 27, 2022
The Santa Claus Rally Begins
Regardless of what the pundits and media say, the true Santa Claus Rally (SCR) as observed and researched by Yale Hirsch of Stock Traders Almanac fame began at the close on December 22nd and lasts through the close on January 4th. In other words the trend is the last five trading days of the year and first two of the new year. That’s not debatable. Whether Santa arrives or not is up for debate. Since 2000 Santa rewarded investors 18 […]
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Date: December 23, 2022
How Will Social Security Change in 2023?
The Social Security Administration (SSA) has announced that there will be several changes to benefits in 2023. According to them, these changes are necessary for ensuring the program’s long-term stability. In this blog post, I’ll take a closer look at what the changes may entail—and how they could affect (even affluent) investors. I may share more insights in the coming weeks, as well. Please explore these issues with us: Social Security’s 2023 COLA summarized Taking benefits early vs. waiting for […]
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Date: December 22, 2022
Opportunity to Bottom Today
I have been targeting this week for the December bottom and rally into January which occurs roughly 80% of the time. While Monday failed to deliver, Tuesday looked more constructive and Wednesday looks like it may confirm the low. We will see after the close. I want to see a close above Tuesday’s high as well as price closing in the upper half of Wednesday’s range. And as I always do, if the stock market closes below Tuesday’s low, I […]
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Date: December 21, 2022
