Drake & Associates Blog

07Jun 2017

The Fiduciary Rule impacts anyone saving for retirement, and that should be all of us! Financial professional Brad Allen talks with Milwaukee’s WTMJ-4 about what this new rule means for investors. Some financial professionals, including broker dealers, insurances salespersons and advisors, are only held to the “suitability standard,” which requires them to make investment recommendations […]

05Jun 2017

Weekly Market Update – June 5, 2017 Last week, the S&P 500, Dow, and NASDAQ closed at all-time record highs. The S&P 500 rose 0.96%, the Dow gained 0.6%, and the NASDAQ grew by 1.54%. Meanwhile, the MSCI EAFE gained 1.64% for the week. Despite strong equity markets, bond yields dropped to their lowest point […]

31May 2017

Be careful when you book your summer fun! From fake vacation deals to bogus concert tickets, scammers are out in full force. Financial professional Brad Allen shares some tips with Milwaukee’s WTMJ-4 to help people protect their hard earned money from scammers. Top 4 Summer Scams 1. Summer Travel Scams – 15 million online hotel […]

30May 2017

Weekly Market Update – May 30, 2017 The markets marched ahead last week with the S&P 500 and the NASDAQ reporting all-time records, albeit just slightly above previous highs. The S&P rose 1.43% over last week, while the NASDAQ was up 2.08%. The Dow gained 1.32% and the MSCI EAFE gained 0.14% for the week. […]

23May 2017

Millions of college students will graduate this spring! It’s the debt that keeps on growing – student loan debt now tops $1.4 trillion! New numbers show here in Wisconsin, 70% of college students graduate with debt, and the average is $29,460. But getting a tassel doesn’t have to be a financial hassle. Financial advisor Nick Foulks […]

22May 2017

Early last week, both the S&P and NASDAQ recorded all time highs before tumbling along with the Dow as political concerns rose. By Friday, though, the markets had largely rebounded and steadied. The S&P 500 closed the week down 0.38%, the Dow saw a 0.44% loss, and the NASDAQ reported a 0.61% decline. The MSCI […]

18May 2017

The tornado in western Wisconsin illustrates the importance of being prepared for disasters. Financial professional Brad Allen talks with Milwaukee’s WTMJ-4 about the 5 things to do now to make sure you are financially prepared for the worst. 1. Check Your Insurance – You should consider what you need for insurance now – you might […]

15May 2017

Markets tuned out noise from Washington last week and continued to focus on economic fundamentals. Mildly rebounding retail sales and strong consumer sentiment seem to point toward a modestly stronger second quarter. After a three-week winning streak, both the Dow and S&P 500 reported slight losses. The Dow closed with a 0.53% loss, and the […]

11May 2017

The busy spring home buying season is here and it is off to the strongest start in more than a decade! As potential home buyers get ready for another competitive season, Brad Allen talks with Milwaukee’s WTMJ-4 about a few steps to take now, in order to save big bucks down the road. Buying a […]

08May 2017

Weekly Market Update: May 8, 2017 Last week, stocks rose but floated within a narrow trading range. By Friday, however, both the S&P 500 and the NASDAQ reached record highs. For the week, the S&P 500 gained 0.63%, the Dow finished up 0.32%, and the NASDAQ rose 0.88%. The MSCI EAFE added 1.7%. Overall, we […]

02May 2017

Saturday, May 6th is “shred day” in Milwaukee — designated by the Better Business Bureau and a day to take steps to protect yourself from identity theft and get your finances in order. There will be free shredding on Saturday morning from 8:30 am – 11:00 am at the SVA Public Accountants office in Brookfield. […]

01May 2017

Weekly Market Update: May 1, 2017 Stocks continued their advance on generally strong earnings reports this week despite the GDP report showing a slow first quarter economy. The S&P 500 rose 1.51%, the Dow gained 1.91%, and the NASDAQ added 2.32%. On Tuesday, the NASDAQ post-ed record highs as it closed over 6,000 for the […]