Senate Bill 451: Understanding the Differences Between Credit Unions and Banks
The Wisconsin State Senate is currently considering a bill to help modernize some language that no longer applies in today’s financial landscape, and therefore causes some administrative hassles for credit unions, specifically. To be clear, we are in support of the majority of the bill. However, there are four provisions that blur the lines between credit unions and banks that we believe should be removed.
You’ve probably heard the old investing adage, “Sell in May and go away.” It’s an expression based on the theory that the stock market underperforms during the warmer summer months, before coming back six months later with stronger growth. By its logic, one would sell their investments in May and not invest again until sometime around the beginning of November. With the market activity we’ve seen so far in 2022 – and specifically, into the last couple of weeks of April – it’s fair to wonder whether the selling came early this year.
There are plenty of economic reasons to not want to revisit the Seventies. Unfortunately, we're dealing with many of the same issues now that we were then, plus Covid. There's good news to be found, though. Here's why it's unlikely we're going to see a full repeat of history.
In the financial world as everywhere, change is inevitable. It happens both in the blink of an eye and slowly, over time, for reasons obvious and subtle. Recently, investors have seen change spurred on by government policies, corporate profits, economic factors, and geopolitical events. Echoing the title of the Bob Dylan classic, the times they are a-changin’.
Given how strongly equity markets have recovered since the 2008–2009 financial crisis, one might easily forget that volatility (i.e., risk) and losses are a normal part of investing life. To help understand why, let’s take a closer at how domestic large company stocks, as defined by the Ibbotson Large Company Stock Index, performed over the longer term, from 1926 through 2021.
Is the market on its way to bear territory? Is this just an interlude in a longer growth cycle? Or are the averages just catching up to us? Only time will tell, of course. Let’s take a look at the month that was before turning our gaze to the horizon.
We made it – 2021 is now behind us, and 2022 has arrived! While last year certainly had its challenges (inflation, Covid variants, supply-chain issues), the markets took it all in stride and performed reasonably well ... at least, if you take a 30,000-foot view. This year promises more obstacles, as inflation continues to surge, the Fed shifts from easing to tightening, and Covid concerns remain as prevalent as ever. Hopefully, by planning for the unexpected this year, investors can come out ahead. Let’s assess where we've come from, and contemplate where we may be headed.
Volatility seems to be back, as is a rising sense of uncertainty over what the future holds. “It’s like déjà vu all over again,” as Yogi Berra said. Let’s dive in and try to make some sense of what we’ve been seeing.
Inflation is on the rise, the economy slowed dramatically in the third quarter, and yet, the markets staged a strong rally in October. Like the song says, “We got to beware,” and “Everybody [needs to] look [at] what’s going down,” if we want to be able to navigate through the uncertainty.
As things continue to play out in ways both expected and unexpected in the markets and economy, we can’t really say that this is just what we thought would happen.
Normally, when a flight encounters turbulence, something outside of the airplane is the cause. That’s not the case with this Delta flight, however – the widespread variant of COVID-19 is causing strife in our society (mask mandates; less activity, like going out to eat; etc.) and could result in sustained disruption to our economy going forward.
Are we climbing a wall of worry now, or is the economic data such that the markets' gains are fundamentally justified? Let's dive in.
The chase for equities continues to intensify, even while the Fed has sought to clarify its outlook and future plans. We dive in further here.
Could the fiscal high we are experiencing give way to higher inflation, higher taxes, and higher interest rates? Only time will tell.
Another Disney-themed recap in the economic month that was; this time, Beauty and the Beast.
We delve into Robinhood, political change, virus/vaccine news, and heightened expectations for 2021.
Change is constant, particularly when talking about the markets and economy. This month's recap reinforces that truism.
If your business is prepared for a market correction, it can be an advantageous environment for borrowing money.
Recent news concerning coronavirus vaccines is highly positive and has sent the markets ever higher.
With the election behind us (maybe?), we take a look at the strength of the recovery to date, as well as the factors that will influence it moving forward.
Perhaps the only thing that is certain is, at this point, uncertainty, and that means, at least in investment terms, more volatility on the horizon.
In today's economic landscape, investors are being pulled in a number of different directions. How do you make decisions on how and where to invest?
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Wealthways is a casual, weekly conversation centered around female empowerment, moving upward, and all things wealth. Listen in as guests explore their own definitions of wealth – be they in terms of money, experience, wisdom, or any other multitude of things – and their personal journeys to achieving it.