GameStop – Stop the Games!

The meme stock phenomenon returned after Keith Gill (aka Roaring Kitty) posted on X, formerly Twitter, a meme related to GameStop (GME) on Sunday May 12th. GME, after closing at $17.46 the previous Friday, opened higher on Monday and the fever continued into Tuesday with the stock peaking above $55. After nearly returning to pre-meme levels over the next two weeks, GME popped again Tuesday the 28th after announcing a $933M equity offering. This offering diluted existing shareholders and is like the $500M and $1B equity offerings executed during the…

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Don’t “Set and Forget” Your Retirement Plan – Check in on it Regularly!

There are some things in life where “Set it and Forget it” works well, but managing your retirement plans isn’t one of them. Most people give a lot of thought to their initial investment set-up, but then rarely look at it in the years ahead. The problem with this is that things change, both with you and with the investments themselves. Reviewing your choices, at least annually, can make a big difference over time. Most retirement plans offer a selection of funds – usually index funds, target date funds and…

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Understanding the Surge in Insurance Costs in the US

Insurance, traditionally considered a safeguard against financial uncertainties, is increasingly becoming a burden for many Americans. Over the last few years, average policy premiums for home, auto, and liability insurance have steadily increased. Insurance companies are facing complex challenges leaving consumers facing rising costs. The intricate landscape of state regulations and reinsurance costs exacerbate the situation. From devastating hurricanes and wildfires to catastrophic floods and tornadoes, natural disasters are increasing in frequency and cost. According to the NOAA National Centers for Environmental Information, over the past ten years, 152 disasters…

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Strong Long-Term, Volatile Short-Term

The equity market has performed well over the last 10 years, with the S&P 500 Index generating a total return of about 13% per year. That means $1 million invested in 2014 would be worth $3.4 million today. Given this strong performance, above the long-term trend of about 10%, does that mean the next 10 years will be weak as the market corrects itself? This argument can be particularly easy to make during the current economic and political climate. Ukraine continues to fight its war against Russia while Israel is…

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INVESTMENT COMMENTARY – FIRST QUARTER, 2024

The market had a strong start to the year with the S&P 500 up 10.6%. Macro data has been a mixed bag but indicates a growing economy. This makes it more and more likely that we will avoid a recession despite last year’s Federal Reserve rate hikes. The jobs market continued to chug along, adding more jobs than expected.

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