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Recently, the world has watched with great interest as a few companies have seen surprising rallies in their stock prices. You may have read stories of individual investors gaining massive returns on their investments, thanks to this phenomenon. However, many of these same assets have quickly suffered steep declines following their initial boost.1 During times like these, it can be tempting to pile into an asset that has seen such rapid growth. The excitement of the…

Every February, Americans celebrate Black History Month. This year, we invite you to join us in remembering the accomplishments of black citizens, past and present, which are an integral part of American history. Whether it’s the deeply-needed activism of Dr. Martin Luther King, Jr., or the cultural contributions of authors like Nora Zeale Hurston, America owes much to her black citizens. This month, let the words of Thurgood Marshall remind us that when Americans “…recognize the…

You may have heard the news about stocks for certain companies suddenly ballooning, quickly going from lunch money prices to several hundred dollars a share. In one case, the shares rose over 1700% since December 2020.1 So, what gives? Financial institutions make assumptions that certain downward-trending stocks will continue to move lower. They borrow shares, sell them, and if the price continues falling as anticipated, they then buy the shares back at the lower price. This…

Every few months, you may hear the phrase “earnings season” as you listen to financial news. But what exactly is “earnings season,” and why is it important to Wall Street? Earnings season is the time when a majority of publicly traded companies release their quarterly financial reports. Companies often go into great detail about their business, and some may guide what lies ahead. Typically, earnings season starts several weeks after the calendar quarter comes to a…

Recently, the Internal Revenue Service (IRS) announced that tax season will start a little later than usual. This year the IRS will begin accepting and processing 2020 tax returns on Friday, February 12, 2021.1 In light of the December 27 tax law changes which brought a second round of Economic Impact Payments and other benefits to many, the IRS will use this additional time to update, program, and test their systems.1 However, if you intend to…

This month, America honors the legacy of Dr. Martin Luther King, Jr. As we look around today, we see manifestations of that legacy in the form of stronger, more diverse communities, in the continued fight for equality, and in the opportunities and relationships that connect those who were once kept separate. While we have come far, there is much more to be done. Martin Luther King, Jr. Day honors Dr. King’s life, his dream, and the…

January is Financial Wellness Month, a time to remind people to make arrangements for their financial strategy. For me, it’s time for me to connect with new clients and discuss their financial situation and aspirations for their future. It’s also time for me to connect with established clients and check to see if their financial strategy needs any adjustment, as well as talk about any changes they want to discuss. Having your financial strategy in place…

As election season draws to a close, it’s a great time to review what type of legislative support would be needed to pass certain policy proposals that may come forward from the Biden Administration. It’s important to remember that legislative changes take time, and it remains unclear what initiatives may take priority in the months ahead, especially with the ongoing pandemic. It would also be foolish to think that the 117th United States Congress won’t move…

The below article may serve as a temperance to those concerned with the most recent election. Does the Market Have a Party Preference? PDF Printout

If 2020 taught us anything it’s that we need to prioritize a rainy day fund. How much should you have in it? The beginning of the year is as good time as any to check on this fund and make any additions to it based on your monthly expenses.