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Phil Albitz on the Steven Spierer Show – 12/10/22
Phil Albitz on the Steven Spierer Show - 12/10/22 The views stated in this letter are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are [...]
Fall 2022 Newsletter
To say 2022 has been a lousy year for the financial markets would be an understatement. Here are some recent headlines: Blue Chips Slide Into a Bear Market; Pound Touches Record Low Against Dollar; War to Cost Global Economy $2.8 Trillion. To paraphrase Bob Dylan…the times they have a changed. Of course, we recognize there are market cycles and [...]
Current Market Thoughts
October 24, 2022 Current Market Thoughts Phil Albitz, CFP® There is no doubt that 2022 has been a tough year for the financial markets. This is what a bear market looks like. Since topping out in early January of this year, asset values have been falling across the board. Other than cash, there hasn’t been [...]
Your Digital Estate Plan
October 16, 2022 Your Digital Estate Plan By Paul Miloe, CRPS® If you have completed your traditional estate plan (Will, Trust, Directives, etc.), you’ve taken a big step for the benefit of your family. After you finalized the plan by ensuring personal assets were retitled under your Trust, confirming your beneficiaries are current, and your durable powers [...]
TD Ameritrade and Charles Schwab Merger Update
October 12, 2022 TD Ameritrade and Charles Schwab Merger Update By Clete Albitz, CFP® In 2019, TD Ameritrade Holding Corporation was purchased by the Charles Schwab Corporation. The merger between the two firms has created the largest investment custodian for registered investment advisors providing custody services for over $7 trillion in client assets. The size [...]
U.S. Treasury Yields Rise to Highest Levels in Over a Decade
October 20, 2022 U.S. Treasury Yields Rise to Highest Levels in Over a Decade By Vance Albitz, CFP® U.S. Treasury Yields Rise to Highest Levels in Over a Decade Underlying the market turmoil has been the Fed’s aggressive interest rate increases and the resulting jump in bond yields. In the third quarter, investors saw two [...]
Why Do Interest Rates on Savings Accounts Remain So Low in a Rising Rate Environment?
October 14, 2022 Why Do Interest Rates on Savings Accounts Remain So Low in a Rising Rate Environment? By Sylvia Salguero, Financial Advisor In recent months the Federal Reserve has been engaged in a campaign of raising interest rates aggressively, in its effort to tame the inflation monster. Thus far this has affected mortgage rates (which [...]