Rebalancing – why buy stocks now?
Rebalancing the allocation among risky assets in your investment portfolio is an important discipline. It provides a structured way to maintain consistent risk exposure over time and forces us to “buy low and sell high” when it is not always the comfortable thing to do. This quarter is a good example, in the midst of […]
Market commentary: Q1 2020
Stock Markets The damage to stocks from the Coronavirus pandemic is shown in the chart below as all markets are down dramatically. The domestic large cap stock market (S&P 500), driven by the largest tech companies, held up a little better. Except for this market, this quarter’s falloff brought the five-year returns to essentially breakeven […]
CARES Act overview
With much of the country in self-isolation, perhaps you’ve got time to read the entire H.R. 748 Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. If you’d prefer, here is a summary of many of the key provisions we expect to be discussing with you in person (virtually), depending on which ones apply […]
CARES Act – paycheck protection program
The CARES Act establishes a new loan program through the Small Business Association (SBA), to aide small businesses who have had to lay off employees, and or, suspend their operations. To be eligible for a loan under this section an entity must have less than 500 employees, which includes full time and part-time workers. Eligible […]
CARES Act – SBA overview
In response to the COVID-19 pandemic, Congress has passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation is the third round of federal funding aimed at providing economic support for individuals and businesses. Below are some of the key provisions relating to small businesses and companies. Paycheck Protection Program (PPP) – […]
CARES Act – individuals (detailed)
Recovery Rebates for Individuals: One the most talked about provisions of the CARES Act is the Recovery Rebates for Individuals. The Act creates a refundable tax credit (called the Recovery Rebate) for eligible taxpayers against income on your 2020 tax return. The refundable credit will be paid in the coming weeks, and eligibility will be […]
CARES Act – individuals
In response to the COVID-19 pandemic, Congress has passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation is the third round of federal funding aimed at providing economic support for individuals and businesses. Below are some of the key provisions relating to individuals. Recovery Rebate for Individuals – This widely anticipated […]
Important tax updates – 2019/2020
Federal IRS Tax Payments: On March 20th, in response to the ongoing COVID-19 pandemic, the IRS released Notice 2020-18, which postpones the Federal filing and payment deadline from April 15, 2020, to July 15, 2020. This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file […]
Understand Schwab’s role
Selecting an investment advisor is a significant decision. And choosing the right brokerage firm to custody your assets is an important decision for you and your advisor to make together. When you place your assets at Schwab, you are choosing a custodian experienced in serving the unique needs of independent advisors and their clients. Learn […]
Fact checking stock market wisdom
Claim: Stock market volatility has been crazy this month. Our Ruling: True! This past month has been shockingly volatile. On average, there are 21 trading days in a month. Looking back on the previous 21 trading days ending 3/23/2020, we see an average daily move of 4.56%. There were more days with a 9% or […]