Drake & Associates Blog

21Sep 2017

Home loans often make up significant amounts of household debt, and reducing as much debt as possible before entering retirement can seem like a promising idea. But, as with many other financial questions, there is no precise answer; it all depends. The Consumer Financial Protection Bureau estimates that 30% of homeowners 65 and older—about 6.5 […]

18Sep 2017

After briefly stumbling the week of September 4, domestic indexes notched significant gains last week and hit record highs. By Friday, the S&P 500 exceeded 2,500 for the first time, the Dow closed at its highest level ever, and the NASDAQ reached an intraday record. Each of the indexes gained well over 1% for the […]

15Sep 2017

The effects of this hurricane season are being felt miles away from the disastrous storms. Financial advisor Brad Allen talked with WTMJ about the financial impact and ways we can help the victims hit hardest: 1. Gas Prices – The average price of gas shot up in the past two weeks – up 30 cents […]

12Sep 2017

Weekly Update: September 12, 2017 Last week, the markets closed for Labor Day, and in the subsequent four trading days, all three domestic indexes gave back some recent gains. The S&P 500 declined 0.61%, the Dow lost 0.86%, and the NASDAQ slid 1.17%. International stocks in the MSCI EAFE faired better, ending Friday up 0.78% […]

07Sep 2017

Many parents are spending thousands of dollars a year so their kids can play competitive sports. The cost of competition is putting their finances and retirement at risk! Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 to share tips on how to find a balance between kids’ athletic teams and parents’ retirement dreams. 1. Be […]

05Sep 2017

Market Update: September 5, 2017 Last week gave a number of things for both investors and non-investors to think—and worry—about. From North Korea’s missiles to Hurricane Harvey’s devastation to an unemployment uptick, the headlines were busy. Yet, despite these circumstances, U.S. stocks posted gains again this week—and the NASDAQ ended Friday with a new record […]

30Aug 2017

The devastation left behind by Hurricane Harvey has left many Americans looking for a way to help. Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about how to make sure you make the most of your donation: There are many legitimate charities that have set up special ways to donate specifically to the victims of […]

28Aug 2017

Weekly Update – August 28, 2017 After several weekly losses, the major domestic indexes all ended in positive territory on Friday, August 25. The S&P 500 gained 0.72%, the Dow was up 0.64%, and the NASDAQ added 0.79% for the week. International stocks in the MSCI EAFE also increased by 0.58%. Last week provided a […]

21Aug 2017

Weekly Update – August 21, 2017 From domestic unrest to international terrorism, last week provided many headlines that could easily rattle the markets. While we did see days with volatility and declines, the major indexes remained relatively flat. For the week, the Dow was down 0.84%, the S&P 500 dropped 0.65%, and the NASDAQ fell […]

21Aug 2017

No one wants to see a clash between two nations with nuclear capabilities. So, when the war-of-words between North Korea and the U.S. reached a new level this month, markets briefly stumbled as investors grew uneasy. While we don’t normally opine on geopolitical events, we wanted to help ease any financial worries you may have […]

16Aug 2017

Every kid wants to sport the latest supplies while walking the halls in style. School supplies aren’t cheap! The back-to-school shopping season is second only to the winter holidays. Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about how to save when shopping for back to school: 1. Set a Budget – Start with a […]

14Aug 2017

Weekly Update – August 14, 2017 Last week, rising tension between North Korea and the U.S. rattled the world’s markets. As the two countries traded tough words, concerns escalated and markets reacted emotionally to the news. Though stress is building internationally, we remain committed to focusing on the market fundamentals that drive long-term value. In […]