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Weekly Market Review ~ Friday, 07/27/12

  • July 27, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

The major indexes were down 1% to start the week on Monday as the volatility that was absent for much of 2012 has begun to return to roil the markets. On Tuesday, the Dow fell over 100 points for a third consecutive session on more Eurozone fears. The damage would have been worse if it had not been for a report that the Fed is closer to taking action to stimulate the economy. Stocks finished mixed on Wednesday as positive earnings reports from Boeing and Caterpillar were offset by an earnings miss by Apple. On Thursday. word that the European Central Bank might start a bond-buying program sparked a rally in the US markets that lead to a 200+ point gain for the Dow. The early week jitters were completely forgotten on Friday as the Dow surged to a nearly 200 point gain on renewed optimism for Euro Central Bank action, as the Dow broke the 13000 barrier for the first time since May.
[table id=73 /]


Picking a Financial Advisor? Ask Them “How Are You Compensated?”

  • July 26, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Seeking Prudent Advice

Asking the right questions is critical to finding a high-quality financial advisor that you can trust.  One of the most important questions that you can ask is:

  • How are you compensated?

Note that the exact wording is crucial.  We did not ask, “How do I pay you?” or “What am I charged as a client?”.  Use these limited questions and you might not get the complete picture or identify potential conflicts of interest.

For example, many financial advisors’ compensation include:

  • bonuses for meeting sales goals
  • spots on “educational” trips
  • direct compensation for selling you certain products

Here are some great follow-up questions:

  • Do you get paid or win anything based on the products you recommend to me?
  • Do you receive compensation for our relationship from anybody other than me?

An independent advisor’s fee usually differs from the fees assessed by the brokers that work for the banks/brokerage houses.  Broker’s fees are typically based on commissions for the trades and products (mutual funds and insurance products) “sold” to their clients.  This conflict of interest between the broker’s objectives and those of the client results in non-transparent and substantially higher client fees.


Weekly Market Review ~ Friday, 07/20/12

  • July 20, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

The major indexes kicked off the week on Monday with a small decline following the previous Friday’s huge upswing. Retail sales declined for the third month in a row, causing concern that the fragile economic recovery might be in jeopardy. On Tuesday, stocks initially fell after a non-committal speech by Fed Chair Ben Bernanke, but rebounded late in the day for a moderate gain on hope that Fed intervention might still happen despite Bernanke’s reticence. The gains continued on Wednesday, buoyed by a positive US home construction report, as well as several good earnings reports by major companies such as Honeywell. On Thursday, a strong earnings report by IBM outweighed disappointing US jobless, home sales, and manufacturing reports to lead the major indexes to another gain. Stocks finished the week on Friday with a triple-digit loss for the Dow on fresh concerns over a potential bailout of Spanish debt.
[table id=72 /]


Is the Housing Bust Over?

  • July 19, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Economy

The Wall Street Journal is claiming the housing bust in the U.S. is finally over based on the observations that

  1. Home prices are inching up
  2. More homes are being sold
  3. Housing starts are turning up
  4. Home building is adding to economic growth

 

 


Weekly Market Review ~ Friday, 07/13/12

  • July 13, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

The major indexes opened the week on Monday with minor losses brought on by a report over the weekend of a slowdown in the Chinese economy. Alcoa opened the second quarter earnings season on Tuesday with a less than stellar earnings report, sending the S&P 500 and the Dow to their fourth consecutive losing sessions. On Wednesday the slide continued when the Fed minutes for its June meeting indicated that monetary easing will not be happening any time in the immediate future. The Dow’s losing streak was extended to six sessions on Thursday, its longest in nearly a year. However, all the Dow’s weekly losses were erased on Friday, when the benchmark registered a 200 point gain on a surprisingly good earnings report form J.P. Morgan Chase.
[table id=71 /]


Who Is Best to Manage Your Money?

  • July 12, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Fiduciary, Seeking Prudent Advice

As an investor, you are faced with hundreds of decisions on where to get your investment advice. Here’s a nice breakdown between advisors and brokers that can help steer your decision making process.

The infographic below refers to advisors using the acronym “RIAs” which stands for Registered Investment Advisors.

NorthStar Capital Advisors is an RIA.  Note that we require a minimum investment of only $50,000 so we win Round 4 below as well!  We hope this information will help you understand the role that we play in helping our clients.

(Click on the graphic to enlarge for easier reading)


Weekly Market Review ~ Friday, 07/06/12

  • July 6, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

More weak economic news in the form of a disappointing US manufacturing report sunk stocks early on Monday, but hope that such an economic slow down might stimulate action from the world’s central banks pushed the Dow and S&P 500 to near the unchanged level for the day on Monday. A holiday-shortened session on Tuesday recouped some of Monday’s losses. The markets reopened on Thursday after the 4th of July holiday, but did not behave as expected, with moderate losses experienced by the major indexes despite positive US private-sector job news and the lowering of interest rates by both China and the European Central Bank. The slide accelerated on Friday following the release of a US labor report indicating that fewer jobs than expected had been created in June, while the unemployment rate remained unchanged at 8.2%.
[table id=70 /]


Thank You for Six Years!

  • July 3, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : NorthStar

NorthStar would like to take a moment to thank you, our loyal clients and friends, as today we celebrate 6 years of managing investment portfolios.  We have come a long way since we rolled out our objective and disciplined approach to investing in 2006.

Our success is attributable to clients like you who faithfully support our business and receive great service and advice in return.

Thank you again for your loyalty and support over the past 6 years.  We are excited about what the future holds and we are thankful to be a healthy organization, consistently updating and improving our abilities to serve you. We appreciate your trust, and we’ll continue to do our best to give you the kind of service you deserve. We remain ambitious and committed to making both your investments and NorthStar Capital Advisors even more successful!

Best regards,
The NorthStar Team

 


Recent Posts
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ABOUT US

We are a fee-only, independent fiduciary advisor. Our allegiance rests solely with our clients and their best interests. We are headquartered in Charlotte, North Carolina and serve client families across the nation.



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  • 521 East Blvd, Charlotte, NC 28203
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  • fax: (704) 626-3462
FROM OUR BLOG
  • SVB and bank collapses March 14,2023
  • 529 Rollovers (coming soon) February 6,2023
  • SECURE Act 2.0 (2023 changes inside) January 5,2023
Nothing on this website constitutes either the provision of investment advice or solicitation to provide investment advice. Investment advice can only be provided through a formal investment advisory relationship. Copyright © 2023 NorthStar Capital Advisors - Charlotte, NC. All Rights Reserved.