Fed Delays Value’s Turnaround

August 21st, 2019 by Legacy Wealth Planning

Growth stocks have had an unprecedented run of outperformance compared with value stocks for over a decade now. Strong performance has left valuations at extremes, which we used to support our slight preference for value stocks in late 2018 and into 2019. Our economic and interest rate outlooks also pointed to value. The tide has […]

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Teaching Your College-Age Child about Money

August 20th, 2019 by Legacy Wealth Planning

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it’s time for you to make sure that your child has enough financial knowledge to manage money at college. Lesson 1: Budgeting 101 Perhaps your child already […]

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Takeaways on the Yield Curve Inversion

August 14th, 2019 by Legacy Wealth Planning

A closely watched point on the Treasury yield curve has fallen negative for the first time in this economic cycle. As shown in the LPL Chart of the Day, Yield Curve Inversion Raises Economic Questions, the spread between the 2-year and 10-year Treasury yields fell as low as -2 basis points (-0.02%) in trading on August […]

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Congratulations, Graduates! What are your next steps, financially?

August 13th, 2019 by Legacy Wealth Planning

What recent graduates (and their parents) need to think about Spring is here, summer weather has begun (in many places), and graduation time has arrived.  Across the country, students are finishing their high school, college, and even graduate school lives, after years of hard work, stress, excitement, and even some boredom.  Graduation is a time […]

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Making Sense of the Yield Curve

August 8th, 2019 by Legacy Wealth Planning

The Treasury yield curve is plunging further into inversion, the point at which long-term yields fall below short-term yields. As shown in the LPL Chart of the Day, Yield Curve Plunges Further Into Inversion, points on the yield curve are nearing alarming levels. The spread between the 3-month and 10-year Treasury yields fell to -31 basis […]

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529 Plans vs. Other College Savings Options

August 6th, 2019 by Legacy Wealth Planning

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 save for college costs. They offer unlimited investment control and […]

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Here Comes August, Time to Buckle Up?

July 31st, 2019 by Legacy Wealth Planning

It has been a great year for stocks. As of July 30, 2019, the S&P 500 Index is up more than 20% so far in 2019. To put that in perspective, since WWII only seven years have been up more than 20% by the end of July, with 1997 being the last time it happened. […]

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5 Big Problems to Solve Before You Retire

July 26th, 2019 by Legacy Wealth Planning

It seems, sometimes, as though financial professionals come in only two flavors. There are those who promise everything is going to be fine; you don’t have to fret about retirement, they say, because they’ll help you make more than enough money to get you through. And then there are the hand-wringers who just can’t stop […]

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The Dow’s Hot July

July 17th, 2019 by Legacy Wealth Planning

Blue chip stocks have been on a tear this month. The Dow Jones Industrial Average (Dow) has risen 2.8% in July, the best performer of the four benchmark stock indexes we track. As shown in the LPL Chart of the Day, The Dow’s Hot July, the Dow also posted three straight record closes (through July 15) […]

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You can buy insurance for practically anything these days. Planning a vacation to France? Your airline, travel agent or even hotel will likely offer trip insurance in case you need to change your dates or cancel. Going to the casino? You can insure your blackjack hand in case it’s not your lucky day. Recently, I […]

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