Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.
This year, we brought on board quite a number of new families, but we've only invested 1/3 to 1/2 of their cash. Why? Because this sharp sell-off, 6% in the major stock market averages over the past 6 days, is exactly what we anticipate when stocks have had a good, long run and valuations are stretched to the high side.
Read MoreStocks began the day 1.5% higher following a good earnings report from IBM. As it typical of the whole week, some investors used the opportunity to sell into strength. Even so, by 2PM, the S&P 500 was close to unchanged.
Read More
