Drake & Associates Blog

20Apr 2017

What started out as a financial-literacy awareness day more than a decade ago is now a month-long campaign that has been recognized by Congress every year since 2004. The program is designed to highlight the importance of financial literacy and teach people of all ages how to manage their money wisely. And, according to recent […]

19Apr 2017

On Earth Day, we all try to do our part to save the environment. Going Green can help save you some green. Financial professional Brad Allen talks with Milwaukee’s WTMJ-4 about what you can do to save the world and your wallet. Reduce Reduce Energy Usage – One of the biggest drains on your electric […]

17Apr 2017

April 17, 2017 Last week, major indexes experienced losses for the second week in a row, with the S&P 500 falling 1.21%, the Dow giving back 1.01%, the NASDAQ dropping 1.26%, and the MSCI EAFE declining 0.14%. Markets closed on April 14 for the Good Friday holiday, but in the four trading days, a number […]

11Apr 2017

With the tax deadline just around the corner, the pressure is on for people who still haven’t filed their taxes. Certified Financial Planner, Tony Drake talks with Milwaukee’s WTMJ-4 about some common tax mistakes to help procrastinators. Math Miscalculations – The most common error on tax returns is bad math! Math mistakes can reduce your […]

10Apr 2017

The average cost of prom is inching closer to $1,000! With parents footing most of the bill, prom night is the perfect opportunity to teach teens money lessons. Financial advisor Nick Foulks stops by Milwaukee’s FOX-6 to share tips for Mom and Dad to prepare their teen for a lifetime of responsible financial decisions. Set […]

10Apr 2017

April 10, 2017 The first quarter of 2017 is now behind us, and although we won’t have complete economic data for a while, we do know that domestic stocks had a solid start to the year. Last week, major indexes took a pause from some recent gains and began the second quarter of 2017 with […]

05Apr 2017

You’re never too old or too young to learn something new, and that includes brushing up on money matters! April is Financial Literacy month, dedicated to helping Americans focus on finance. Tony Drake, CFP® talks on Milwaukee’s WTMJ-4 with a crash course in financial literacy. 1. Know What You Don’t Know – It sounds simple, […]

03Apr 2017

Weekly Market Update: April 3, 2017 With the first quarter of 2017 now behind us, we have seen the three major indexes all gain more than 4.5% so far this year. In fact, the NASDAQ just experienced its best quarter since 2013 due to tech stocks driving growth. Despite closing down on Friday, the indexes […]

28Mar 2017

Spring only comes once a year, but a deep cleaning can help your home stay organized and uncluttered all year round. The same can be said for your finances! Financial advisor Mike Williams talks with Milwaukee’s WTMJ-4 about 5 tips to spring clean your financial household: 1. Inspect Your Budget 2. Rake in Retirement Contributions […]

27Mar 2017

March 20, 2017 Last week, all four of the indexes we discuss in these market updates saw their performance stumble. The S&P 500 lost 1.44%, the Dow was down 1.52%, the NASDAQ gave back 1.22%, and the MSCI EAFE declined 0.07%. On Tuesday, March 21, the S&P 500 and Dow recorded 1% declines for the […]

27Mar 2017

Spring break is a treasured time for family getaways. However, more than two-thirds of vacationers say they overspend on a trip, which can lead to a back-at-home hangover. Don’t let your spring vacation bust your budget! Financial advisor Nick Foulks talks with Real Milwaukee FOX-6 about ways to keep down the costs of travel. Create […]

20Mar 2017

March 20, 2017 For the fifth time in six weeks, domestic stock indexes ended last week in positive territory. The S&P 500 gained 0.24%, the NASDAQ added 0.67%, and the Dow eked out a 0.06% increase. International equities in the MSCI EAFE grew by a sizable 1.99%. Over the week, we received a series of […]