NorthStar Capital AdvisorsNorthStar Capital Advisors
Start Here
  • Our Process
  • Your Team
  • Fiduciary
  • Who We Serve
  • Insights
  • Start Here
  • Our Process
  • Your Team
  • Fiduciary
  • Who We Serve
  • Insights
  • Start Here
Weekly Marker Review ~ Friday, 10/26/12
  • October 26, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

The downturn of last week continued into the early part of Monday, as the Dow dipped early by more than 100 points before recovering for a minimal gain by the end of the day. On Tuesday a plethora of weak earnings reports sent the market crashing again, with the Dow registering an almost 250 point loss. The major indexes failed to bounce back on Wednesday, experiencing yet another loss despite encouraging new home-building and home sales reports. On Thursday stocks earned back a small fraction of previous days’ losses after mixed economic and job-related reports. The major indexes finished the week on Friday with another tiny gain, despite the fact that the third quarter GDP rose by 2.0%, more than expected by analysts. However, investor excitement was tempered by yet more disappointing earnings reports.
[table id=86 /]


Guessing at Retirement?
  • October 25, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Retirement

Here are some startling facts when it comes to retirement planning:

  • 75% of middle-class Americans say their estimates of their retirement needs are based on “some sort of guess”.
  • Middle-class American believe the median cost of their out-of-pocket health care in retirement will be $47,000 when the actual number according to the Center for Retirement Research is $260,000.
  • On average, middle-class American expect to withdraw 10% of their nest egg annually in retirement.  Most experts recommend annual withdrawal rates of only 3% to 4%.
  • 34% of middle-class Americans expect to live off of 50% or less of their pre-retirement income.  Since the median household income is ~$50,000, these folks are planning on living off of less than $25,000 per year.

Are you playing the guessing game or have you done detailed calculations of your retirement needs?

Source: New York Times


Weekly Market Review ~ Friday, 10/19/12
  • October 21, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

Stocks opened the week on Monday with a nearly 1% gain following a positive US retails report, the third monthly gain for this important economic indicator. On Tuesday, the market tacked on an additional percent as investor sentiment over the US economy and Spain/Greece seems to be improving. The Dow had its fourth consecutive winning day on Wednesday despite disappointing earning reports from heavyweights IBM and Intel. An encouraging September home construction report lends further evidence that a housing recovery is underway. A disappointing earnings report from Google sent stocks down on Thursday, although the losses were minimal. Friday marked the 25th anniversary of Black Monday, the day in 1987 when the Dow dropped almost 23%. While not nearly on the same scale as Black Monday, stocks fell hard on renewed concerns over corporate earnings.
[table id=85 /]


Home Building Surges as Confidence Grows
  • October 18, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Economy

Residential construction picked up momentum in September and now is running at its highest level in four years, a turn that could have a positive effect on the jobs market and the broader U.S. economy.

Source:
Wall Street Journal


Weekly Market Review ~ Friday, 10/12/12
  • October 12, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

The major indexes fell modestly on Monday as investors prepare for the upcoming earnings seasons, which is expected to be a disappointment. On Tuesday the Dow fell over 100 points after the International Monetary Fund reduced its outlook on economic growth for 2012. Another steep decline followed on Wednesday as gloomy earnings from Alcoa seemed to indicate that the overall third quarter earnings concerns are valid. On Thursday the Dow had its fourth consecutive losing session of the week, although losses would have been worse if the initial weekly jobless claims report had not been much better than expected. The Dow barely avoided an 0 for 5 week on Friday by eeking out a small gain. However the NASDAQ suffered its sixth straight losing session.
[table id=84 /]


Rich Dad, Poor Dad, Bankrupt Dad?
  • October 11, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Scams & Schemes , Seeking Prudent Advice

You’ve probably heard of Robert Kiyosaki through his best-selling book series, Rich Dad, Poor Dad.  Kiyosaki holds himself out as a self-made wealth guru who is happy to share the secret money-making strategies of the wealthy.

The tactics that he has advocated range from silly to illegal and include things like insider trading, buying multiple real estate properties for no money down, and buying stocks on margin via unfunded brokerage accounts.

Now add bankruptcy to Kiyosaki’s highly questionable list of strategies.  One of Kiyosaki’s businesses, Rich Global LLC, filed for bankruptcy protection in August after it was ordered to pay a $24 million settlement.  Kiyosaki will not be putting any of his personal fortune toward the settlement.

There is no evidence that Rich Dad, the man who allegedly imparted all these money-making secrets to Kiyosaki, ever existed.  Nor is there any evidence that Kiyosaki amassed any significant wealth before the publication of Rich Dad, Poor Dad in 1997. Nonetheless, Kiyosaki is now reportedly worth $80 million!

In all likelihood, Kiyosaki did not get wealthy using the schemes he pushes in his books, but through proceeds of his book sales and personal appearances.  He got wealthy selling the dream and illusion of get-rich-quick schemes.

source: Forbes

 


Weekly Market Review ~ Friday, 10/05/12
  • October 5, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Weekly Market Review

The fourth quarter of 2012 began on Monday with renewed optimism among traders, with gains registered by the Dow, S&P 500, and NASDAQ. An unexpectedly favorable manufacturing report seemed to be the cause for the uptick. On Tuesday stocks bounced up and down considerably to settle near the unchanged mark after the Spanish prime minister cast doubt on an imminent Eurozone bailout of the country. The market was little changed again on Wednesday despite a report showing that private-sector job growth diminished less than expected in September. On Thursday the major indexes had solid gains once again even in light of a report finding that weekly initial jobless claims increased. Such a gain a was somewhat surprising considering investors’ tendency to be cautious on the day before the monthly unemployment rate is updated. The much-anticipated September unemployment rate report did not disappoint, as the unemployment rate dipped below the 8% mark for the first time since January 2009 at 7.8%. Still, the major indexes did not finish strongly on concerns about more Eurozone woes, this time regarding Greece’s chance to receive additional aid.
[table id=83 /]


Investors Continue to Avoid Stocks Despite Strong Performance
  • October 4, 2012/
  • Posted By : admin/
  • 0 comments /
  • Under : Behavior , Market Outlook , Mutual Funds

The recent buoyancy in the stock market hasn’t won over mutual-fund buyers. August marked the 16th consecutive month in which investors pulled more cash out of U.S.-stock mutual funds than they put in.

The painful bear market of 2007-09 has left investors with a skewed view of U.S.-stock performance. In investor surveys conducted in early 2010, 2011 and 2012, at least 48% of respondents each year said the stock market had been down or flat in the preceding year. In fact, the Standard & Poor’s 500-stock index was up strongly in 2009 and 2010 and eked out a 2.1% return (including dividends) in 2011.

source: Wall Street Journal


Recent Posts
  • SECURE Act 2.0 (2023 changes inside) January 5, 2023
  • Time-sensitive planning (action needed) November 2, 2022
  • Market lessons you should know (inside) October 18, 2022
  • Medicare changes retirees need to know about September 1, 2022
  • Bulls back in town? (Is it over yet?) August 16, 2022
Archives
  • January 2023
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • December 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • November 2019
  • October 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • November 2010
  • October 2010
  • September 2010
  • August 2010
Categories
  • 401(k)
  • Annuities
  • Behavior
  • Best Practices
  • Bonds
  • Charitable Donations
  • Economy
  • Fees
  • Fiduciary
  • Financial Planning
  • Investing 101
  • Live Well
  • Market Outlook
  • Mutual Funds
  • NorthStar
  • Performance
  • Personal Finance
  • Planning
  • Retirement
  • Saving Money
  • Scams & Schemes
  • Seeking Prudent Advice
  • Tax Planning
  • Uncategorised
  • Uncategorized
  • Weekly Market Review
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.



CLIENT TOOLS
CONTACT
  • (704) 350-5028
  • info@nstarcapital.com
  • 521 East Blvd, Charlotte, NC 28203
    (by appointment only)
  • fax: (704) 626-3462
FROM OUR BLOG
  • SECURE Act 2.0 (2023 changes inside) January 5, 2023
  • Time-sensitive planning (action needed) November 2, 2022
  • Market lessons you should know (inside) October 18, 2022
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.