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Thursday, January 14, 2021

Heading into 2020, we maintained our preference for growth stocks as we believed that earnings growth would become harder to come by as the economic cycle aged, and their robust earnings growth was greatly appealing. These same growth...

 

Wednesday, January 13, 2021

For years, you’ve diligently invested in your retirement portfolio, accumulating wealth that you hope will sustain you throughout your Golden Years. To help see that your assets are sufficient to help you support your lifestyle...

 

Monday, January 11, 2021

I am truly a lucky and blessed man! I am married to a beautiful, kind and wise woman, who is my best friend and biggest supporter. Through our marriage, we have a blended family of six children- five girls and one boy. Our collective...

 

Thursday, January 7, 2021

2020 was a good year for stock investors despite unprecedented challenges. After being down more than 30% at the March 2020 lows, the S&P 500 Index ended the year with a solid 18.4% total return. Last year marked the first time the...

 

Monday, January 4, 2021

If you’ve read some of my previous blogs you know that family is very important to me. I am fortunate that I have given and received a lot of love in my life; and none more so than the unconditional love from my 6, soon to be 7,...

 

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Thursday, December 31, 2020

New Year's is traditionally the time to review your life and make resolutions for change. In addition to thinking about working out, eating healthy, and meeting personal and professional goals, you should also think about your finances...

 

Wednesday, December 30, 2020

Regardless of which phase of the business life-cycle you’re in, you can get SMART about setting goals to motivate yourself, move forward to grow your business, and track your success. SMART goal setting for small business owners...

 

Tuesday, December 29, 2020

In 2020 our country and our region has been “Hit Hard” by hurricanes and pandemic market volatility. These life changing events have occurred too frequently this year at an alarming rate. The questions that arise before,...

 

Tuesday, December 22, 2020

Looking at this bog title, you must be thinking that I have lost my mind, right? I can honestly tell you that due to this horrific event, I have received blessings… COVID BLESSINGS! Prior to COVID-19, our Team was working long...

 

Thursday, December 17, 2020

The Federal Reserve (Fed) demonstrated Wednesday in its final policy meeting of the year—again—that it has not exhausted the tools it has for supporting the economy and still holds plenty in reserve. The Fed kept its target...

 

Wednesday, December 16, 2020

2020 has been one of the most unprecedented years in recent history, but some things—like tax contributions and retirement deadlines—don't change much, if at all. And with the uncertainty surrounding just about everything,...

 

Tuesday, December 15, 2020

Christmas will be different for many of us this year. With Covid-19 ramping back up, the potential for new restrictions or shelter in place mandates, it just won’t be the same. With this in mind, we decided to have outside...

 

Thursday, December 10, 2020

A strong earnings rebound in 2021 may allow stocks to grow into somewhat elevated valuations. We see an S&P 500 Index fair value target range of 3,850–3,900 in 2021, based on a price-to-earnings ratio of around 20 and our...

 

Wednesday, December 9, 2020

Last year, the average American spent nearly $1,000 per person on holiday gifts, up from about $885 per person in 2018.1 Though the COVID-19 pandemic continues to weigh on the retail sector (and many Americans' bank accounts), some...

 

Tuesday, December 8, 2020

More than most years, it’s hard to look ahead to the next year, to 2021, without looking back at 2020. A global pandemic, a massive economic collapse, a bear market, a surprisingly sharp reversal, a hotly contested election where...

 

Tuesday, December 8, 2020

Are your familiar with the term “Charlie Brown Christmas Tree?” When my three girls, were elementary school age, they asked me if we could have a “REAL” Christmas tree for the holidays instead of a...

 

Thursday, December 3, 2020

COVID-19 cases have been on the rise in the US, particularly in the Midwest. This latest wave of the virus and related restrictions have begun to hamstring economic growth at a time when momentum was already fading as we entered the...

 

Wednesday, December 2, 2020

With the holiday season just around the corner, you may be ready to get a jump on your holiday shopping. Unfortunately, for many, holiday shopping easily gets out of control. When you are in the giving spirit, you may find yourself...

 

Tuesday, December 1, 2020

Every year our Horizons Financial Team has a Team building and goal setting trip. Over the years, we have enjoyed visiting different places that included many new life experiences. However, this year’s trip was unique (to say the...

 

Wednesday, November 25, 2020

The holiday season is just around the corner and many charitable organizations are in desperate need of donations to help provide the vital services needed in the community. You are most often inundated with a number of charitable...

 

Monday, November 23, 2020

This Thanksgiving season, especially during the pandemic, will look and feel different. One of my favorite traditions at Thanksgiving is when we all are seated around the table. We take turns sharing what we are thankful for and some...

 

Thursday, November 19, 2020

Virus concerns mount. Stocks opened slightly lower this morning as COVID-19 spread has increased concerns that the economic recovery may be knocked off track by additional restrictions and changing consumer behavior. The S&P 500 Index...

 

Wednesday, November 18, 2020

A few personal finance tips so that your married future will be bright Young adults born between 1981 and 1996, the Millennial Generation, face a variety of challenges in their quest for financial security – especially those...

 

Monday, November 16, 2020

Our country is currently engaged in a significant moment in our history. Passions and beliefs are strongly felt and tensions extremely high. As the next wave of Covid-19 sweeps across the globe, countries around the world look to new...

 

Friday, November 13, 2020

When you first considered investing, it probably seemed like a good idea to focus heavily on what worked best for you from the beginning. If stocks from a particular company brought you high yields, why not double up on your original...

 

Thursday, November 12, 2020

Third quarter earnings season has been outstanding relative to expectations by many measures. Some of the highlights: S&P 500 Index earnings are tracking to a 7.5% year-over-year decline, as shown in the LPL Chart of the Day, more than...

 

Monday, November 9, 2020

Do you remember where you were and what you were doing on the morning of 9/11? Do you remember how it made you feel? Do you remember the aftermath of the weeks and months following that horrific event? Our country, our people of ALL...

 

Thursday, November 5, 2020

As of Thursday morning, a winner to the 2020 presidential election has yet to be “officially” declared as several battleground states have yet to be called. Even as more clarity emerges from remaining votes being counted in...

 

Wednesday, November 4, 2020

Financial planning is an important part of securing your current lifestyle as well as preparing yourself for what you wish to do in your eventual retirement. And while this importance may look different during each stage of your life,...

 

Thursday, October 22, 2020

We have seen a historic rebound in economic growth since the US economy emerged from lockdowns, but the pace of the economic rebound has tapered in recent weeks as the effects of fiscal stimulus fade. The recently released Federal...

 

Thursday, October 15, 2020

We continue to monitor real-time COVID-19 and economic data to provide insight into how the pandemic is affecting economies around the world. Traditional economic data sometimes can be too slow to pick up the changes that are occurring...

 

Thursday, October 8, 2020

Stimulus talks in Washington, DC, are getting a lot of attention from investors—and for good reason. The midpoint of the two offers—roughly $1.6 trillion from the White House and $2.2 trillion from US House...

 

Tuesday, October 6, 2020

By the last third of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning,...

 

Thursday, October 1, 2020

In the past, boomers and generation Xers often held on to jobs for 10 or more years. Some professionals stayed with the same company for most of their working lives. The Great Recession changed this for many. Now, people have become...

 

Thursday, October 1, 2020

The world's events always affect the markets, and making smart investment choices requires you to look at what's happening around the world. But what about during an election year? How should you invest while the country is deciding...

 

Thursday, October 1, 2020

Retirement is an exciting time for many, and the reward for years of hard work. While there is no set age for retirement, it is important to be prepared before you make the leap, so that you enjoy your retirement and financial...

 

Tuesday, September 29, 2020

Unlike earlier generations of retirees, who paid off first mortgages and retired at the family homestead, some of today's baby boomers are looking to capitalize on home equity to enhance their retirement savings. Popular strategies...

 

Thursday, September 24, 2020

In recent months, we have warmed up to Europe as a destination for equity investments in global portfolios. Through July, Europe had done a relatively good job containing the first wave of COVID-19, and cases were plummeting to...

 

Wednesday, September 23, 2020

Life insurance may be a cornerstone of a sound financial plan, providing potential financial stability to a surviving spouse, children, or other family members in the event of your untimely death. Sadly, many Americans have no life...

 

Thursday, September 17, 2020

Retail sales rose 0.6% month over month in August following July’s downwardly revised 0.9% advance, but sales fell short of Bloomberg’s consensus expectation for a 1% increase. The retail sales control group, which excludes...

 

Wednesday, September 16, 2020

Have you ever wondered how much life insurance is “enough”? One general rule of thumb says that you should buy an amount equal to five to seven times your annual income. Sure, it may be a reasonable guideline, but this...

 

Thursday, September 10, 2020

With everything else going on this year due to COVID-19, it’s been easy to lose track of the latest fallout of the United Kingdom’s (UK) withdrawal from the European Union (EU), also known as Brexit. The UK is currently in...

 

Wednesday, September 9, 2020

A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic...

 

Thursday, September 3, 2020

The outbreak of COVID-19 caused considerable deterioration in the economy and left many wondering when we might expect conditions to improve. As historic stimulus measures were implemented to backstop the economy from outright collapse...

 

Wednesday, September 2, 2020

Should you really consider getting life insurance when you are close to 60? September is National Life Insurance Awareness month. And while most of us likely recognize that life insurance provides us peace of mind and security, there...

 

Thursday, August 27, 2020

Stocks opened lower. After four straight record-high closes for the S&P 500 Index, stocks are showing a bit of fatigue this morning. Federal Reserve Chair Jerome Powell’s policy speech this morning from Jackson Hole, WY, is the...

 

Wednesday, August 26, 2020

Millions of people get help from Medicare every year, and this coverage can be a lifesaver. But in spite of widespread usage, there are many misconceptions about Medicare. To learn more about this government insurance program as you...

 

Thursday, August 20, 2020

US Stocks opened slightly lower. The modest selling pressure that followed the somewhat downbeat economic commentary from Wednesday’s Federal Reserve (Fed) meeting minutes has carried over this morning. Futures pared losses...

 

Wednesday, August 19, 2020

There is no one-size-fits-all answer, but tactical shifting might make sense Wise investors alter their approaches as market cycles shift, from bull to bear to something in between. A consistent strategy might be far more risky than...

 

Wednesday, August 12, 2020

Today's low interest rates are a far cry from the double-digit rates seen in the 1970s and 1980s when even a certificate of deposit (CD) could yield up to 20 percent per year.1 But there are some distinct advantages to a...

 

Thursday, August 6, 2020

We’ve written quite a bit lately about the deterioration in high-frequency data. Indicators of mobility (such as auto and air travel, commuting activity, restaurant diners, etc.) leveled off in July due to the latest wave of...

 

Wednesday, August 5, 2020

Open enrollment season is one of the shortest—in most cases, employees have only a few weeks to research their options and make a decision on things like their 401(k) contributions, health and dental insurance, disability...

 

Thursday, July 30, 2020

The Federal Reserve (Fed) completed its latest two-day policy meeting Wednesday, July 29, and the primary message coming from the world’s most important central bank was a continued commitment to supporting the economy as long as...

 

Friday, July 24, 2020

Leading economic indicators continued to rebound in June, albeit at a slightly slower pace than in May. Yesterday, The Conference Board released its June report detailing the latest reading for its Leading Economic Index (LEI), a...

 

Wednesday, July 15, 2020

When it comes to retirement plans, there is no one-size-fits-all approach for how to invest. While there are some basic strategies everyone should follow, it’s important to keep in mind retirement plans will vary, depending on...

 

Wednesday, July 15, 2020

529 plans can be a great way to save for college, but they're not the only way. When you're investing for a major goal like education, it makes sense to be familiar with all of your options. Mutual funds Mutual funds are an option to...

 

Wednesday, July 15, 2020

LPL Financial Research is looking ahead for new ways to face current challenges and prepare for better times. Use our Midyear Outlook 2020 to chart a path to eventual economic and market recovery. Plus, learn how stocks may predict the...

 

Wednesday, July 8, 2020

It’s certainly been a wild ride for stocks in 2020. Barely past the halfway point, the year has already brought the worst pandemic to hit the US in over 100 years, an unprecedented government-induced recession as much of the...

 

Tuesday, July 7, 2020

Planning for retirement is an important and sometimes difficult endeavor. As a member of the military, you may have some special opportunities and challenges when preparing financially for retirement. Often, retiring from the military...

 

Friday, June 26, 2020

A major issue in estate planning is who to name as beneficiaries on life insurance policies, pension plan accounts, IRAs, and annuities. This important decision often doesn't take into account the substantial estate and income tax...

 

Thursday, June 25, 2020

What is a Collateralized Loan Obligation (CLO)? Collateralized loan obligations (CLO) are portfolios of leveraged loans, a type of below-investment grade loan usually taken out by more heavily indebted companies. Each CLO is divided...

 

Wednesday, June 24, 2020

Whether your business has been temporarily closed by a state shelter-in-place order or is still operating as a provider of essential services, balancing your revenue needs with protecting the safety of your employees and customers can...

 

Friday, June 19, 2020

Yesterday, The Conference Board released last month’s reading for its Leading Economic Index (LEI), a composite of leading data series, which showed a month-over-month increase of 2.8%. As seen in the LPL Chart of the Day, the...

 

Tuesday, June 16, 2020

Investors have been whipsawed during late February and early March. Consider the performance of the Dow Jones Industrial Average from February 27th through March 11th of 2020. Investors saw: The three largest-one-day-losses in history...

 

Thursday, June 11, 2020

The Federal Reserve (Fed) completed its third scheduled policy meeting of the year Wednesday, June 10, and continued to signal strong support for the economy, committing to keeping rates near zero until it is confident of a recovery...

 

Wednesday, June 10, 2020

In these trying times, even those with veins of steel can find themselves nervous about the market's direction and what it could mean for one's financial future. And the unprecedented nature of the novel coronavirus—and its...

 

Thursday, June 4, 2020

In many ways, what we’ve seen so far in 2020 has been both record-breaking and devastating. From the S&P 500 Index peak on February 19 to the bear market lows March 23, stocks lost 33.9%. Now, 50 trading days later, stocks have...

 

Wednesday, June 3, 2020

It was January 2000 and Joseph Boeing just landed his dream job at his dream company, headquartered in his hometown of Seattle. Joe just turned 40 and as a mechanical engineer, married to Jill, with three kids, the Boeings were looking...

 

Thursday, May 28, 2020

Despite the gradual reopening of the economy in several states, sentiment on Main Street remains suppressed, as the effects of COVID-19 appear to be keeping a lid on American optimism in the most recent Federal Reserve (Fed) Beige Book...

 

Wednesday, May 27, 2020

COVID-19 has crushed the spring ritual of high school graduations. But it can also encourage graduates and their parents to prepare to meet the practicalities of the youngsters’ sudden entry into adulthood, from making medical...

 

Thursday, May 21, 2020

Most economic charts we look at in the LPL Research Department look alike. Many segments of the US economy came to an abrupt halt in March when the lockdowns and business closures began, making most economic charts covering March and...

 

Tuesday, April 7, 2020

The United States has more cases of the coronavirus than any other country, and in an attempt to stop the spread of this disease, states have closed schools and businesses throughout the country. These unprecedented shutdowns have...

 

Tuesday, July 31, 2018

Most understand that waiting to claim Social Security benefits can result in higher monthly payments. However, many don’t know that there are other ways to maximize their benefits, some of which depend on their marital status....