Drake & Associates Blog

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 […]

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 […]

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 […]

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 […]

05Feb 2018

Dinner and a movie is so old school. This year, treat your Valentine to a money date! It may not sound romantic, but spending an evening talking finances might be the secret to staying together; money problems are one of the leading causes of divorce! Setting financial goals will help you both know where you […]

05Feb 2018

Weekly Market Update – February 5, 2018 After 4 straight weeks of gains, the markets have slipped. As of Friday, the S&P 500 lost 3.85%, the Dow dropped 4.12%, and the NASDAQ decreased by 3.53%. International stocks in the MSCI EAFE also took a 2.78% hit. Domestically, the losses spanned sectors and asset classes. For […]

30Jan 2018

It’s home-buying season! Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 about 3 tips to help you pay off your mortgage early: Whether you’re buying your first home, or you’re downsizing like many of my clients who are approaching retirement and don’t need the space, the first thing to do is figure out how much […]

29Jan 2018

Stocks had an impressive week yet again, as each of the domestic indexes reached record highs and gained at least 2%. The S&P 500 added 2.23%, the Dow increased 2.09%, and the NASDAQ grew 2.31%. International stocks in the MSCI EAFE joined the growth, adding 1.49%. On Monday, January 22, the government shutdown ended after […]

22Jan 2018

Weekly Market Update – January 22, 2018 We’re only a few weeks into 2018, and stocks are showing quite a strong performance so far. Last week, major domestic indexes posted gains yet again, with all 3 up at least 5% this year. By Friday, the S&P 500 had added another 0.86%, and both the Dow […]

17Jan 2018

Tax reform is officially in place. Over the next several months, the changes could start adding up. Financial professional Brad Allen talks with Milwaukee’s WTMJ-4 about 5 smart money moves to consider now that it’s in effect. More than 90% of households will get a tax cut this year, and the IRS says we could […]