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.
From the S&P 500 low of 2,191.86 set Monday morning to the close Thursday afternoon, US stocks rallied 20.3% in three days - the fastest 3 day rally in 125 years of recorded stock market data.
It will be months, perhaps year end, before we see anything "normal" in the US economy. So why did the stock market rally so violently to the upside?
Congress and the US Senate are 24 hours away from voting in favor of a $2 trillion stimulus bill, equivalent of 9% of last year's US GDP of $21.427 trillion.
Read MoreThe webinar is 34 minutes long of which 17 minutes is prepared remarks and the remainder is answering questions from clients.
The overall outline was: Feelings - What we know of the virus right now - Political response - What are we doing for clients by category - Questions
Wow! It's not often that a single announcement can knock a year's return off the stock market in one day, but Trump's address last night accomplished just that. Trump stated that all air travel from Europe (except the UK) would be suspended, along with trade in goods, for 30 days starting Friday night.
Read MoreJoin David Edwards, President of Heron Wealth, as he discusses what we know about the Coronavirus, what we know about how economies will be affected, and how the US stocks reacted previous crises.
Read MoreAfter a week where stock prices fell 12.9% from the all-time high set just 7 trading days ago, why are we so sanguine? Are we just idiots here at Heron Wealth? No, we are students of stock market history, which gives us the tools to properly evaluate the "gravity of the situation."
Read MoreBecause of the fears surrounding the Coronavirus outbreak, there will be short term economic disruption, but not enough to change our investment strategy.
Read MoreA client asked this week if we should sell stocks until we know more about how the Wuhan Coronavirus will be contained. Indeed, on Monday US and world stocks experienced the sharpest drop in three months, though rebounded smartly on Tuesday.
Read More2018 was a terrible year to be an investor. In 2018, US stocks fell 4.39%, international stocks fell 13.60%, bonds finished the year with gains of 0.01%, virtually unchanged.
NOTHING worked in 2018.
2019 was a fabulous year to be an investor.
Read MoreWhat do landing an aircraft and planning for retirement have in common?
If you set up wrong, the results can be disastrous! Which is why most people don't fly their own planes and instead rely on expert pilots to fly them to safety.
The same reliance on expertise applies to retirement planning.
Read MoreDid you recently get engaged or married? There are a number of financial considerations. This checklist is designed to give you a framework on what you should be thinking about as a couple.
Read MoreFor the past several months, US stocks whipsawed with each presidential tweet about whether Trump is adding tariffs or suspending tariffs, talking to the Chinese or ordering US companies out of China. We’ve seen some days where the Dow fell over 800 points, which once upon a time was a big deal, but amounts to a decline of only 3% in a year when the S&P 500 is up 20.6%. When the Dow fell 508 points in October 1987, that was a decline of 22.6% in a day!
Read MoreThe rapid integration of digital technologies into everyday life continues to create new risks and challenges that many individuals and families frequently overlook or do not yet fully appreciate.
Take these two technological developments: Smartphones and the Internet of Things (IoT). While smartphone and mobile technology as a whole has put the Internet at the fingertips of a greater number of people worldwide, it also has allowed the development of millions of applications that collect and store large quantities of personal data that could easily fall into the wrong hands.
Read MoreIn June, US stocks reversed May’s 6.4% decline and rallied 7% to new all time highs, with the S&P 500 up 18.5% on the year. Half the gain is a reversal of the 5.0% decline in 2018, while the rest is a full year’s gain delivered in 6 months.
David Edwards appeared on a panel discussion recently to discuss his outlook for the rest of the year.
After 6 months of steady gains that took the NASDAQ and S&P 500 to new record highs in late April , we’ve had two and half weeks of sharp declines. Peak to yesterday’s trough was 5% in the S&P 500 and 7% in the NASDAQ. Stocks are recovering somewhat today. YTD the S&P 500 is up 14.5% and the NASDAQ is up 17.3%. Several clients have called or emailed to learn if there is reason for concern.
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