August 30, 2021 In a speech last week, Federal Reserve (Fed) Chair Jerome Powell confirmed that the United States economy has made substantial progress toward the Fed’s maximum employment and price stability goals. His words helped grow recent equity market returns and, consequently, the Fed is likely to slow, and eventually stop, the bond purchases …
August 23, 2021 The Markets Last week, markets were shaken by a potent cocktail of central bank tapering and economic growth concerns – mixed with coronavirus and a splash of new Chinese privacy law. On Wednesday, the U.S. Federal Reserve’s Open Market Committee Meeting minutes were released. They confirmed the Fed could begin tapering – …
In last week’s edition of The Mountain Times, Kevin unpacked social security, a critical component of many Americans’ financial strategy for retirement. What are the best ways to anticipate and maximize this retirement income source to best enhance our golden years? He addresses key questions, including: How to get the most out of this federal …
HWC Financial in the News: Navigating Social Security Read More »
U.S. GDP in June was nearly $23 trillion, a difficult number to comprehend. Twenty-three trillion dollars would cover Rhode Island, Delaware, Connecticut, Hawaii, New Jersey, Massachusetts, New Hampshire, Vermont, Maryland, West Virginia, and part of South Carolina.
Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Some classic financial missteps have been known to plague retirees, too. Calling them “missteps” may be a bit harsh, as not all of them represent errors in judgment. Either way, becoming aware of these potential pitfalls may help you …
August 9, 2021 The Markets Are we there yet? For months, investors have wondered when the Federal Reserve (Fed) might begin to “normalize” its policies, a process that will, eventually, lead to higher interest rates. Last week, a better-than-expected unemployment report – showing a gain of almost a million jobs – sparked speculation about whether …
August 2021 U.S. Markets Last month, the stock market posted a solid gain, overcoming investors’ fears of higher inflation and an increase in COVID-19 cases. The Dow Jones Industrial Average picked up 1.25 percent, while the Standard & Poor’s 500 Index gained 2.27 percent. The Nasdaq lagged, climbing 1.16 percent. A Wall of Worry Climbing …
Risk is a factor in every investment decision that you make, and your tolerance for risk is an important consideration, when making decisions alongside your trusted financial professional. Risk tolerance is balanced against your time horizon: the time between now and when you anticipate needing your money. But is it possible to avoid a loss? …
August 2, 2021 The Markets The Chinese dragon cast a shadow over free trade and foreign investment last week. For decades, investors have recognized the investment potential of China. Since the country opened to foreign trade and investment in 1979, its economy has grown rapidly. Through 2018, its gross domestic product (GDP), which is a …