Drake & Associates Blog

22Feb 2016
weekly market update

Weekly Market Update – February 22, 2016 Markets closed out their best week of the year last week, buoyed by higher oil prices and positive economic data that reassured some recession worriers. For the week, the S&P increased 2.84%, the Dow grew 2.62%, and the NASDAQ added 3.85%. [1] After tumbling for weeks, oil prices […]

16Feb 2016
weekly market update

Weekly Market Update – February 16, 2016 Markets ended another volatile week lower despite a bounce in oil prices. For the week, the S&P 500 lost 0.81%, the Dow fell 1.43%, and the NASDAQ dropped 0.59%. [1] Amid volatile stock prices and disappointing global economic news, you may have heard a lot of chatter on […]

15Feb 2016

Divorce can be one of the most difficult and stressful times in a person’s life, and it’s easy to make major money mistakes. Nick Foulks talks with Milwaukee’s WTMJ-4 about how couples can avoid the biggest financial “gotchas” involved in a break up and how to make sure their assets get divided equally. Take a […]

10Feb 2016

More than one-third of couples are starting married life on the wrong financial foot by racking up debt to pay for their big day. The average wedding now tops $31,000. That’s more than half of what most people make in a year! Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 with tips for happy couples on their […]

08Feb 2016
weekly market update

Weekly Market Update – February 8, 2016 Markets dropped last week on mixed economic data and a big selloff in the tech sector amid weak earnings. For the week, the S&P 500 lost 3.10%, the Dow fell 1.59%, and the NASDAQ dropped 5.44%. [1] In this week’s update, we wanted to dig deeper into a […]

03Feb 2016

Believe it or not, the busy spring housing season unofficially kicks off the beginning of February. Local financial professional, Mike Williams, talks with Milwaukee’s WTMJ-4 about some of the most common hidden costs homebuyers overlook. Click here for a mortgage calculator and other finance tools.

01Feb 2016

It’s a fact that women often pay more than men do for things like razors and haircuts, but you may be surprised to learn that on average, prices are 7% higher for women on hundreds of items… the only difference? The packaging. Financial professional, Nick Foulks, with Drake & Associates talks with Fox 6 Milwaukee […]

01Feb 2016
weekly market update

Weekly Market Update – February 1, 2016 Stocks experienced another volatile week with high daily swings in value. Despite the lingering uncertainty, stocks ended the week higher on the back of better-than-expected earnings reports and higher oil prices. For the week, the S&P 500 gained 1.75%, the Dow grew 2.32%, and the NASDAQ added 0.50%. […]

25Jan 2016

Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about how 20-somethings can spend wisely and save money. Watch the video below! Forgetting to establish a credit history. Click here to find your free credit report. Taking out too many high interest credit cards Going for a graduate degree. Click here to read more about how to […]

12Jan 2016

From baby clothes to shampoo, women pay more than men for hundreds of products they use every day. The only difference is the packaging! So how can women avoid paying the “pink tax”? Certified Financial Planner, Tony Drake, shares some ideas with Milwaukee’s WTMJ-4. 1. Toys 2. Hair care products and razors 3. Deodorant 4. […]

11Jan 2016

Everyone is talking about the big Powerball jackpot of $1.4 billion this week! Winners will face some big decisions after hitting the jackpot! Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about financial windfalls and what to do if you strike it rich. Click here for our budget worksheet.

04Jan 2016

Is your New Year’s resolution to be better with your money? For so many of us, our resolutions about budgeting, spending and saving turn into epic fails year after year. Financial professional Tony Drake talks with Milwaukee’s WTMJ about 5 common reasons budgets fail: 1. Your Goal Isn’t Clear 2. You’re Using the Wrong Numbers […]