Below is a list of our most recent newsletters, if you would like to view any of our archived newsletters, please click here.
We have been told that all of LPL Financials tax documents will be mailed by tomorrow’s close of business. Only a few 1099’s remain to be mailed tomorrow because of reporting delays. The vast majority of clients have already received their tax reporting documents from us. The February employment report crushed expectations for the number […]
In last July’s newsletter I began writing about the possibility of an equity market correction. Looks like I was early by 6 months or so, but a correction has finally occurred, and it is still ongoing. Last month’s newsletter expressed that the only looming negative on the horizon was the possibility of the economy doing […]
First, let me apologize for not sending a letter these last two months. We have been very busy at Legacy Wealth Planning creating our new Hybrid Registered Investment Advisor structure. We have almost completed this effort and we thank all our clients that were involved in this conversion. 2017 is behind us, but let’s look […]
To Our Clients and Friends, We are very excited to announce that there will soon be changes to the structure of Legacy Wealth Planning as we evolve our business to a new, more client focused level. What will we be doing? In the very near future we will be transitioning to a Hybrid Registered Investment […]
In the next few months some of you (advisory clients) will be getting notifications of a change at Legacy Wealth Planning regarding our business structure. In order to adapt to this ever-changing world, we are creating our own Registered Investment Advisor (RIA) to our business model. Of course, LPL Financial will remain our broker dealer, […]
The equity markets are rallying today due to comments of “gradual interest rate increases” by Federal Reserve Chairwomen Janet Yellen. The equity markets like this thinking because it implies slow increases in rates rather than swift, so thereby a lower chance of the economy slowing due to aggressive interest rate hikes by the Fed. LPL […]
The drama of the day is the testimony of Jim Comey, former director of the FBI, before the Senate’s Intelligence Committee. The Stock market is up today, but equities are not trading with the possible volatility that some traders were anticipating with today’s testimony regarding Mr. Comey and his interactions with President Trump. Another earnings […]
The Dow 30 Industrial Average is currently trading at 20,515, down from its absolute closing high of 21,115 posted March 1st 2017. After the impressive rally in equity prices post-election, it appears as this newsletter has said in recent months that the markets are looking for the realities of Mr. Trumps promises and not just […]
As I write this letter, the Dow 30 Industrial Average is up 300 points today and is trading over 21,000. The last few months have seen a historic rally in equity prices. Last night President Trump addressed Congress and today the concepts of lower taxes, less regulation, stronger military and fairness in trade is being […]
At the time of this writing, the Dow 30 industrial Average today is trading above 20,000 for the first time in history. When I started in this business in 1986, I recall when the Dow 30 was trading above 1,500 for the first time. As I tell many clients in my office meetings, there will […]
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