The Price is Right
Posted by Mike Allen on Fri, 06/18/2021 - 14:52
As consumers we’re conditioned to look at one side of the equation when we go to buy things, what’s it gonna cost me. A couple percent increase in the cost of some staple items can cost a household hundreds or thousands of dollars more per year to live the same way. That cost is affected not only by prices, but by many other factors as products make their way to the consumers.
Posted by Mike Allen on Fri, 06/11/2021 - 08:25
After a few months of being trapped at home last year, Americans were moving in droves. The second half of last year saw the busiest months for the U.S. housing market in a decade. With historically low mortgage rates, a global building supply shortage, and high motivation to move, demand for existing homes was insatiable. We know what happens to prices when demand goes up and supply is fixed. The latest report from the National Association of Realtors shows a 19.1% increase in the median home sale price from a year ago. That is the highest yearly increase since the ’08 housing bubble.
Posted by Mike Allen on Fri, 06/04/2021 - 08:24
2021 has been an interesting year for investors so far and the stock market is feeling eerily similar to every day life. Things are going pretty well, but trusting that to continue still seems like a bad idea.
Home Sweet Home
Posted by Mike Allen on Fri, 04/02/2021 - 13:26
Despite the pandemic we saw existing home sales reach levels higher than they have since 2007. The median sale price of those homes increased to their highest level yet, almost 15% over 2019 prices. So, as we revel in the fact our homes have increased exponentially, and those new happy homeowners enjoy their purchase there is always that pesky thing lurking around the corner… property tax reassessments.
IRS Extends Tax Filing and Payment Deadline
Posted by Aaron Everdyke on Fri, 03/19/2021 - 11:17
On March 17, 2021, the IRS announced that the federal income tax filing deadline for the 2020 tax year has been extended from April 15 to May 17.
Posted by Aaron Everdyke on Fri, 03/12/2021 - 11:06
I love learning more about the advancements in today’s technology, and the applications they might have. But lately it feels like we're reaching an inflection point where tech (especially software) is evolving faster than we can keep up. We’ve talked in the past about how subscriptions are the new business model due to reoccurring revenue, or how all of your iTunes music or Google Movies aren’t really yours. But now we are entering a whole new era, and one I just can’t quite comprehend.
Posted by Aaron Everdyke on Fri, 03/05/2021 - 09:26
2020 is a year I am sure we would all soon like to forget, but the ramifications of the last 15 months will be felt for years if not decades. Last year the pandemic brought economies across the globe to a screeching halt and sent markets into a tailspin. In an attempt to stem the bleeding central banks worldwide issued stimulus in unprecedented ways. Wes reassured Mike and I last year that the Fed was throwing everything they had at it and doing so faster than they had back in ’08-’09. Well, it worked, in March we ended the longest expansion in history to enter the shortest recession in history. In hindsight it might have worked too well. I doubt many of us in March would have expected to see markets rebound from -30% to +16% just 9 months later, but here we are.
The Roth Rule Reckoning
Posted by Mike Allen on Fri, 02/19/2021 - 13:08
Roth’s options have always been a popular savings choice for younger investors, but with the new IRA inheritance rules that started in 2020 and the possibility of higher tax rates looming in the future, investing in a Roth has become even more popular.
While Roth IRA’s may be a great choice when they fit, don’t let current enthusiasm trick you into thinking that a Roth is always the answer. Roth IRA’s and 401(k)’s are actually some of the most complicated investment vehicles out there due to the underlying rules associated with these types of accounts.
Wall Street Whirlwind
Posted by Aaron Everdyke on Fri, 02/05/2021 - 12:03
We hope that you all enjoyed last week’s Weekend Word and gained a little bit of understanding as to what was/is happening with GameStop stock over the last month. Today we look to dive a little deeper into why people are so irate with Robinhood and Citadel Securities, so why don’t we quickly recap before getting into the juicy stuff.
Posted by Mike Allen on Fri, 01/29/2021 - 08:24
Unless you’ve been living under a rock this week, you’ve probably seen something in the news about GameStop stock. The stock went on a meteoric rise from around $18.84 per share to $483 per share. This story, however, is much bigger than GameStop and how this happened is quite literally the stuff of legends. We’re going to unpack this over a number of articles because the number of different topics this action brings up is pretty remarkable.