Drake & Associates Blog

07Jul 2016

When you’re caught up in the summer daze of suntans and barbecues, the holidays seem forever away. But with Amazon’s Prime Day on July 12th, many retailers are bringing out the Black Friday deals in the heat of July! Certified Financial Planner Tony Drake talks with Milwaukee’s WTMJ-4 about Black Friday in July and how […]

05Jul 2016

Weekly Market Update – July 5, 2016 After the previous week’s post-Brexit selloff, stocks closed out last week with one of the best performances of 2016 as investors bought the dip. In the first half of the year, the S&P 500 was up 2.69%, the Dow was up 2.90%, the NASDAQ was down 3.29%, and […]

29Jun 2016

Britain’s recent vote to exit the European Union has really effected the market. What happens next really depends on how the divorce is negotiated. Again, there’s no consensus among economists. Here’s what we do know: Trade with Britain accounts for just 0.31% of U.S. Gross Domestic Product (GDP), so British problems with trade won’t necessarily […]

29Jun 2016

Summerfest is in full swing! While the popular 11 days of fun can put you back a few bucks – there are ways to enjoy the world’s largest music festival on a budget. Financial professional Mike Williams talks with Milwaukee’s WTMJ-4 with tips to help save some money. Click here for tips on how to […]

27Jun 2016

It’s easy to let spending get out of control in the summer. The kids are out of school, patio parties are a hit, and the air conditioning is running 24/7. In fact, a study found more than half of Americans spend more money in the summer than any other season. Financial professional Nick Foulks talks […]

27Jun 2016

Weekly Market Update – June 27, 2016 Stocks fell sharply last week in response to Britain’s vote to leave the European Union (EU), putting major indices in the red for 2016. Why did markets react so badly? The vote to leave was a surprise to most, and markets hate surprises. It’s too soon to know […]

21Jun 2016

Re-marriages are on the rise! In fact, 40% of all new marriages in the U.S. are re-marriages for one, or both, of the partners. Financial professional, Brad Allen talks to Milwaukee’s WTMJ-4 about what money steps couples should take before walking down the aisle and blending their families. Click here for a debt repayment calculator. […]

20Jun 2016

Weekly Market Update – June 20, 2016 Markets fell on Brexit fears and concerns about the Fed’s dovish statements, giving the Dow its worst week in a month. [1] For the week, the S&P 500 slipped 1.19%, the Dow fell 1.06%, the NASDAQ dropped 1.92%, and the MSCI EAFE lost 2.78%. [2] The big news […]

17Jun 2016

From servers to stylists… baristas to bellhops – we hand over $40 billion dollars in tips each year! But tipping can be tricky. Financial professional Nick Foulks talks with FOX-6 Milwaukee about how much you should tip in every situation. Click here for a general tipping guide. Tipping Guide Restaurants – 15-20% Coffee Shop – […]

15Jun 2016

Parents may not realize it, but their debt is impacting their kids’ behavior and well-being. But, not all debt is created equal! A new study shows unsecured debt, like credit card balances, payday loans and medical bills, are linked to more behavioral problems, while home mortgage and education debt are linked to fewer problems. In […]

13Jun 2016

Weekly Market Update – June 13, 2016 Before we begin our usual weekly commentary, we wanted to take a moment to honor the victims of Sunday’s terrible attack in Orlando. Though details are still scarce, it is the most devastating mass shooting in U.S. history. Our thoughts are with the victims, their families, and with […]

08Jun 2016

House of Cards star, Robin Wright, and the US Women’s Soccer team are making headlines for asking to be paid as much as their male counterparts. Financial advisor, Mike Williams, talks with Milwaukee’s WTMJ-4 about how women can level out the financial playing field. Click here for a copy of your credit reports. Click here […]