The rising costs of education is something that all parents understand all too well. College costs are beginning to moderate, but private high school costs in Kansas City are still showing steady price increases. The average increase for the 2017-2018 academic year is 3.1%.
International markets had an impressive start to the year. All major developed markets were positive for the first quarter and global indexes outperformed the US markets. The US Dollar weakened in the quarter which helped lift over all returns. The top performing sectors were technology, consumer staples and consumer discretionary. The energy sector sold off in the quarter.
The momentum from the post election rally continued into the new year. Stocks were strong this quarter having their best start to the year since 2013. The themes this quarter were volatility remained historically low, confidence is still robust and governing can be a grind.
All families have questions about how they should go about paying for college. High income earners may have additional ability or capacity to save for their children’s college, but there are key items to consider when paying for college education.
Quotes from famous, funny or brilliant people are widely referenced, sometimes overused to emphasize a point. There are certain quotes or phrases that can help guide us when we are making ordinary life or important decisions. They can serve as powerful reminders of key concepts.
Home equity line of credits or HELOCs (pronounce he – locks) are usually thought of as a tool to pay for a kitchen remodel or to update a bathroom. Outside of the this use, they can be an important component of your financial plan to provide greater financial flexibility. HELOCs can be a savvy cash management tool when used selectively.
I just finished Michael Lewis’ new book, The Undoing Project. My copy is methodically dogeared and underlined, but one passage has stuck with me since I read it.
Globally stocks finished the year on a downbeat note with a slight decline in the fourth quarter. US stocks outperformed their global peers by a healthy margin in 2016. Some of the post US election rally did find its way into the global stock markets, but a stronger US Dollar neutralized much of the returns.