Drake & Associates Blog

06Jun 2016

Weekly Market Update – June 6, 2016 Stocks closed the holiday-shortened week mixed, with some sectors losing ground while others gained after a disappointing May jobs report signaled that the economy may not be strong enough for the Federal Reserve to raise rates this month. For the week, the S&P 500 ended flat, the Dow […]

03Jun 2016

Teens can take home more than a paycheck from their summer jobs – they can learn life-long money lessons! Families that take the time to go over some of the financial basics can set teens up for financial success down the road. Financial professional Nick Foulks talks with FOX-6 Milwaukee about 5 ways parents can […]

02Jun 2016

Home is where the heart is. It’s also where the young people are! For the first time in 130 years, more young adults are living with Mom and Dad than anyone else (a spouse, a roommate or alone). Financial professional Mike Williams talks with Milwaukee’s WTMJ-4 about how to keep the peace when the whole […]

31May 2016

Weekly Market Update – May 31, 2016 Stocks ended a solid week on a high note ahead of the Memorial Day weekend after statements by Federal Reserve officials boosted expectations of a rate hike this summer. For the week, the S&P 500 gained 2.28%, the Dow rose 2.13%, the NASDAQ increased 3.44%, and the MSCI […]

24May 2016

Financial scams targeting veterans and members of the military are on the rise. This Memorial Day, Financial Advisor, Mike Williams, talks with Milwaukee’s WTMJ-4 about the 5 most common scams: Phone scams Phishing emails Pension plan buyouts False rental listings Misleading car sales To report a scam: National Consumers League: http://www.fraud.org/ Better Business Bureau: http://www.bbb.org/

23May 2016

Weekly Market Update – May 23, 2016 Stocks closed out a bumpy week mixed, ending a three-week stretch of losses for the S&P 500 and NASDAQ. The Dow, however, extended losses for a fourth straight week for the first time since 2014. [1] For the week, the S&P 500 gained 0.28%, the Dow lost 0.20%, […]

17May 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 Brad Allen talks […]

17May 2016

Kids aren’t the only ones who deal with peer pressure! The financial habits of friends could be rubbing off on you. Financial Professional, Nick Foulks, talks with FOX-6 Milwaukee about the types of money traits we see in friends and how to handle each one. Create your own budget using this budget worksheet.

16May 2016

Weekly Market Update – May 16, 2016 Stocks fell again for the third week in a row, driven lower by poor earnings reports from some major department store retailers. For the week, the S&P 500 lost 0.51%, the Dow fell 1.16%, the NASDAQ dropped 0.39%, and the MSCI EAFE lost 0.46%. [1] Despite a growing […]

10May 2016

Graduation season means it is time to make some serious student loan decisions. Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about advice for both high school and college grads. High school graduates: 1. Consider cost cutting 2. Seek out scholarships 3. Focus on four Find and apply for scholarships here. College Graduates can create a […]

09May 2016

Markets slumped for the third week as global concerns pressured investors again, and domestic data painted a modest picture. For the week, the S&P 500 lost 0.40%, the Dow fell 0.19%, the NASDAQ dropped 0.82%, and the MSCI EAFE fell 3.19%. [1] April’s job report showed investors that the labor market continues to improve, adding […]

03May 2016

Moms would do anything for their kids, but there’s one thing they shouldn’t do: go into debt! Nearly half of moms in a recent survey admitted they are spending beyond their means to give their kids the newest clothes, shoes and gadgets and enroll them in extra activities. Financial professional Mike Williams talks with Milwaukee’s […]