Drake & Associates Blog

28Mar 2016

Weekly Market Update – March 28, 2016 Stocks ended the holiday-shortened week down, snapping their five-week winning streak. However, losses were mild amid low trading volume before the Easter weekend. For the week, the S&P 500 lost 0.67%, the Dow fell 0.49%, and the NASDAQ dropped 0.46%. [1] Last week’s economic calendar was highlighted by […]

23Mar 2016

Charitable giving is at an all-time high. Americans gave more than $350 billion dollars in 2015. But, amid recent scandals involving several popular charities, how can we be sure our donation is being put to good use? In the video below, financial professional, Mike Williams, talks with Milwaukee’s WTMJ-4 about ways to make sure your […]

21Mar 2016

Weekly Market Update – March 21, 2016 After a historically rough start to the year, stocks finally rallied enough to put the S&P 500 and Dow in the green for the year. Extended weakness in the dollar— which investors hope, could boost economic growth and corporate profits—contributed to the gains. [1] For the week, the […]

17Mar 2016

Managing your money can be overwhelming, but it doesn’t have to be! Financial professional Nick Foulks talked with WTMJ about staying on top of your bills and ways to save thousands each year. 1. Change your attitude 2. Track your spending 3. Live by a budget 4. Commit to saving money 5. Plan for the […]

14Mar 2016
weekly market update

Weekly Market Update – March 14, 2016 Stocks closed out their fourth week of gains as investors gained confidence from higher oil prices and aggressive moves by the European Central Bank. For the week, the S&P 500 rose 1.11%, the Dow grew 1.21%, and the NASDAQ added 0.67%. [1] Last week marked the seventh anniversary […]

09Mar 2016

It doesn’t hurt to ask; a little haggling could add up to big savings. Financial professional, Nick Foulks, talks with Milwaukee’s FOX-6 about 5 bills you may not know you should negotiate: 1. Dry Cleaning 2. Credit Cards 3. Furniture 4. Phone, Internet & Cable 5. Medical Bills Click here to calculate how much you […]

08Mar 2016

Planning a vacation for spring break? You may think your budget only matters when it comes to booking flights and hotel rooms, but many of us spend way too much while we’re actually on vacation! Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about ways to avoid letting your “getaway” get the best of your finances. […]

07Mar 2016
weekly market update

Weekly Market Update – March 7, 2016 Markets closed out a third week of gains, putting the Dow at a two-month high and erasing much of the year’s losses. Higher oil prices and an upbeat February jobs report contributed to the rally. [1] For the week, the S&P 500 increased 2.67%, the Dow added 2.20%, […]

02Mar 2016

Are you on track for a secure retirement or in danger of falling short? It’s a tough question to answer when you’re still decades away from retiring. CERTIFIED FINANCIAL PLANNER™ Tony Drake talks with Milwaukee’s WTMJ-4 about new guidelines that are designed to help savers stay on track throughout their careers. Retirement Savings Goals Age […]

29Feb 2016
weekly market update

Weekly Market Update – February 29, 2016 Markets closed out another solid week of gains on the back of higher oil prices and some positive economic data. For the week, the S&P 500 increased 1.58%, the Dow grew 1.51%, and the NASDAQ added 1.91%. [1] Investors got their second look at fourth-quarter 2015 Gross Domestic […]

23Feb 2016

Don’t let money cause problems in your relationship! It may not seem romantic, but avoiding it could cost you – money issues is one of the leading causes of divorce! Financial professional, Nick Foulks, talks with Milwaukee’s FOX 6 about the 5 secrets of a financially happy relationship. 1. Find Compromise 2. Pool Your Money […]

22Feb 2016

Our wallets are feeling an extra pinch this year, thanks to the price increase of some common consumer goods. Financial Advisor, Mike Williams, talks with Milwaukee’s WTMJ-4 about the “America Saves” initiative and 5 ways to help you start saving. 1. Design a Budget 2. Track Your Spending 3. Cut Extra Expenses 4. Don’t Blow […]