Uncategorized

June 12, 2020

Loose and Staying Loose (a report from First Trust Advisors, L.P.)

The most important takeaway from today’s Fed meeting is that policymakers don’t expect to raise short-term interest rates until at least 2023.  The Federal Reserve’s “dot plot” shows where policymakers think short-term interest rates will be at the end of this year, 2021, and 2022 and these show that no members of the rate setting committee – literally, none – think rates will go up this year or in 2021 and that only a small minority thinks they’ll rise in 2022.  Moreover, the median estimate among policymakers is that the unemployment rate will finish 2022 at 5.5%. In the aftermath […]
June 11, 2020

The Recession Is Over (a report from First Trust Advisors, L.P.)

The recession that started in March is the sharpest downturn since the Great Depression. As it turns out, it was also the shortest. Friday’s employment report should leave little doubt that the US economy has already hit bottom and is starting to recover. Every economist brave enough to make a public forecast thought nonfarm payrolls would drop in May and the unemployment rate would continue to rise. Instead, it was the opposite: nonfarm payrolls rose 2.5 million, and the unemployment rate dropped to 13.3%. This doesn’t mean the US is fully recovered, or even close; a full recovery is going […]
September 7, 2016

Growing Your Money

August 31, 2016

Funding a College Education

August 9, 2016

Second Opinion Service with TRUE

When was the last time you set out to create a financial plan or heaven forbid, a comprehensive wealth management plan focused on your retirement? How many pages were created to help you to better analyze your picture of retirement? 75, 100, even 200 pages. I don’t know about you, but that many pages doesn’t get many people excited about retirement planning! In fact, if you are like most people, 93%1 don’t have a written financial plan anyway! Usually because of one of two reasons, everything changes, so why plan in so much detail; or the task seems too daunting, […]
July 6, 2016

The Big Picture of Diversification

The Big Picture of Diversification: A Lesson on the Golf Course A few years ago, I was out playing golf with some friends.  We had decided to play the Overland Park West course that winds through the upscale Nottingham by the Green neighborhood.  On this particular afternoon the weather was quite wonderful; 75°, slightly overcast, very light breeze, with mild humidity.  We began by taking our tee shots on the first hole. As with any tee shot, you must always think about your second shot.  You must be mindful of trees, traps, hazards, and in the case of this course, […]