While market volatility may seem frightening, it is an anticipated and natural part of market cycles. Timing of when market volatility will happen is very challenging. Currently, markets are adjusting after extraordinary growth in 2017 and into 2018 as a result of tax reform. There is also the anticipation of inflation, which is long over-due, along with rising interest rates… Read More
Archive for the ‘ Market News ’ Category
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Market Recap: 1st Quarter 2018
Volatility in the U.S. stock market has returned. After record-low levels of volatility last year, the first quarter saw daily movements in the S&P 500 of greater than 2% on six different occasions. Inflation, trade, and technology have dominated the headlines. Markets soared in January, only to drop 10% in February due to increased inflation fears. They recovered again before… Read More
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8 Easy Steps To Take After The Equifax Data Breach To Protect Your Credit
As you probably have heard, approximately 143 Million U.S. customers may be impacted after Equifax Inc. was struck with a cyber-attack. What exactly is Equifax? Equifax is one of the oldest and largest credit reporting agencies in the United States which gathers and keeps a running history of your credit picture from loans and credit cards to creditors, bankruptcies, tax… Read More
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Relief from Student Loan Debt for Maryland Residents
If you live in Maryland and owe student loan debt, a new program can provide relief. But you must act quickly as the deadline to apply is September 15th. The Student Loan Debt Relief Tax Credit went into effect on July 1st, but has not been widely publicized. If approved, you may receive up to a $5,000 tax credit. To… Read More
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Will The New DOL Rule Impact You?
On June 9th, a major change occurred in the financial services industry. After years of debate and a last-minute delay by the Trump Administration, the Department of Labor’s Fiduciary Rule went into effect. If you are like most people, you are probably wondering what this means to you. When people seek advice from their doctor or their attorney, they expect… Read More
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What You Need To Know About Britain’s EU Referendum
On June 23rd, the United Kingdom’s vote to leave the European Union shocked global markets. While the long-term implications of the referendum remain unclear, The Prosperity Consulting Group is closely monitoring the aftershocks of the UK’s decision. What you need to know: This is the first time a member country has chosen to leave the European Union Expected changes… Read More
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January 2016 Market Update
We have started off the New Year with recent geopolitical and global growth concerns that have had a negative impact on the market – China’s pace of growth and currency movements, Middle East tensions between Iran and Saudi Arabia, North Korea’s possible nuclear tests, and lower energy prices were the major headlines. With the heightened geopolitical risk and global growth… Read More