We live in an age where algorithms and ‘apps’ increasingly determine how we receive services. They are particularly useful for the discretionary services we often use for getting from point A to point B (Uber), finding an economical and unique place to stay (Air BnB) or getting the best price for an airline ticket (Expedia,[…]Read More
Interest Rate Hike Next Week? – mark your calendars! On Wednesday, December 16, the Federal Reserve will meet and almost certainly raise interest rates for the first time since June 2006. It’s about time. In our view, and as Mitch has written several times over,[…]Read More
I’ve received several questions from clients over the last few days regarding China’s currency, the yuan. Almost all of them were some variation of these three: with its acceptance into the International Monetary Fund’s (IMF) ‘Special Drawing Rights’ basket, is the yuan a threat to the dollar’s status as the world’s top reserve currency?[…]Read More
Penfield, NY asks…
What is Zacks Investment Management’s philosophy?
Thanks for asking Penfield – this is an important question as you’ll want to be aligned, philosophically, with your investment manager to position the working relationship for success.
At the core of Zacks Investment Management’s philosophy is our belief that every client has unique needs and that there is no such thing as a “one size fits all” approach.[…]
China Gets a Seat at the Reserve Currency Table – China’s currency, the yuan, gained inclusion into the International Monetary Fund’s (IMF) Special Drawing Rights basket this week, a move the Chinese central bank has been posturing to achieve for some time.[…]Read More
December is here. Small gift buying stirs the season. Yet, that’s not what keeps stocks rising. Visible U.S. share buying is typical seasonal performance chasing by mutual fund managers. Late year markets like to stage a Santa Claus rally.[…]
The New York Stock Exchange (NYSE) announced in mid-November the decision to eliminate stop orders and “good-till-canceled” orders from the investor playbook. When used correctly, stop-loss orders can be a resourceful tool to curb losses, and they can also be used to prevent a stock from falling back to its cost basis – which theoretically ensures you make a profit.[…]Read More
When it comes to hiring a money manager, investors have no shortage of options. But that’s also part of the problem. Finding the right manager is challenging and stressful, especially when you are likely trying to live stress-free.
So, in an effort to make your search easier,[…]
Time flies by when the holidays arrive which means the New Year will be here before you know it. For investors, that gives you just over a month to take care of a few important year-end planning items.
To make this easy,[…]
Fort Meyers, FL asks…
I received an inheritance and was going to invest, but the market’s volatility and downward turn has me concerned so I’m waiting. Is that a good idea?
Great question – and, an important one given the potential impact one’s actions,[…]