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.
The outcome of the US Election dominated the fourth quarter market performance. The results of the US election were the second big miss by polls and pundits in 2016, with BREXIT being the other. Stocks reacted favorably post-election with the S&P 500 adding 4.6% after the results. Small cap stocks were the big winner in the post-election rally, surging 13.5%.
As 2016 draws to a close I wanted to share our ten most popular posts from 2016. Thanks to the thousands of people who read our blogs each month. We are thankful for each and every reader! Happy Holidays and we will see you in 2017!
2016 was another year of wonderful reading for me. I was able to somehow find time to read over 30 books this year and I have a few more I plan to finish before the end of the year.
Here are 7 books from my list that are my favorites.