Drake & Associates Blog

19Mar 2018

Weekly Update – March 19, 2018 Markets were up on Friday, but domestic stocks lost ground for the week as political turmoil and potential trade wars weighed on investors’ minds. The S&P 500 dropped 1.24%, the Dow gave back 1.54%, and the NASDAQ decreased 1.04%. International stocks in the MSCI EAFE barely avoided losses with […]

15Mar 2018

Wall Street is marking 9 years of rising stocks. This bull market is the second-longest streak since World War II. Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about what we’ve learned and what we should consider with our money today. 1. Think Long-Term – 401(k) statements were looking depressing as stocks kept dropping during […]

12Mar 2018

Weekly Update – March 12, 2018 Domestic stocks leapt ahead last week as the latest jobs report inspired renewed confidence in our economic standing. The S&P 500 added 3.54%, and the Dow gained 3.25%. The NASDAQ erased its losses from February’s market correction to hit a new record close while growing 4.17% for the week. […]

07Mar 2018

A warning as you get ready to file your taxes: scammers may have their sights set on your refund! Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about the steps filers should take to protect their refund and their identity. 1. File Early – Filing early is the best defense against Tax ID Theft. If […]

05Mar 2018

Weekly Update – March 5, 2018 Volatility continued last week as markets posted their 1st weekly loss in 3 weeks. Despite some recovery on Friday, the S&P 500 dropped 2.04%, the NASDAQ slipped 1.12%, and the Dow lost 3.05% for the week. Internationally, the MSCI EAFE fell 2.91%. Last week’s ups-and-downs began with continued questions […]

05Mar 2018

Is your retirement on the horizon? Financial advisor Brad Allen talks with WTMJ about the smart money moves you should make in the five to ten years before you reach retirement.   Take Inventory The first step in creating a retirement plan is to figure out what you have. A recent survey shows baby boomers […]

26Feb 2018

Weekly Update – February 20, 2018 Once again, inflation and interest rates were on many investors’ minds. In particular, multiple reports from the Federal Reserve contributed to performance. On Wednesday, the Fed released minutes from its January meeting, which indicated that officials had concerns about inflation. The minutes revealed that between rising inflation and economic […]

26Feb 2018

There’s a lot of confusion about Social Security. In a recent survey, about a quarter of Baby Boomers said their Social Security benefits were lower than they expected. We’ll answer some of your questions about how Social Security works and how to get the most out of it. Financial advisor Brad Allen joins WTMJ with […]

20Feb 2018

Weekly Update – February 20, 2018 Markets rebounded last week, posting sizable gains and moving back into positive territory for the year. All three domestic indexes experienced their largest weekly growth in years, despite losing some ground on Friday after news of additional indictments in the Russia investigation. By markets’ close on February 16, the […]

19Feb 2018

Whether you’ve saved $1,000 or $1,000,000 for retirement, there are common mistakes many people make. Tony Drake, CFP® talks with WTMJ on the Retirement Ready radio show about how to get your retirement back on track.   1. Early Withdrawal Penalties There are a lot of rules and penalties involved when it comes to withdrawing […]

12Feb 2018

Weekly Update – February 12, 2018 After months of relative calm, market fluctuations are causing many investors to wonder what is happening to the economy. Last week, the S&P 500 lost 5.16%, the Dow dropped 5.21%, and the NASDAQ declined 5.06%. The MSCI EAFE also gave back 6.19%. These losses pushed all four indexes into […]

08Feb 2018

Market volatility and fluctuations can certainly be nerve-wracking. We’re here to help you better understand how the market works, what the fluctuations mean and how to apply them to your circumstances. First, let’s discuss the history leading up to the drop in the stock market. The new year began with investors feeling very optimistic. Indexes […]