Drake & Associates Blog

17Jan 2017

Weekly Market Update – January 17, 2017 As we look back on markets last week, we see mixed results, with none of the major domestic indexes gaining or losing more than 1%. The S&P 500 was down 0.10% for the week, and the Dow gave back 0.39%, once again failing to reach 20,000. On the […]

10Jan 2017

Tax season is swiftly upon us and soon taxpayers are filing and planning for their refunds. The IRS estimates that 20 percent of taxpayers who are eligible for the Earned Income Tax Credit (EITC) fail to claim it, which could mean the difference between getting ahead or staying in the red in 2017. The added […]

09Jan 2017

Weekly Market Update: January 9, 2017 The first trading week of 2017 is over, and during this time, all three major domestic indexes hit record highs. The DOW reached 19,999.63 in intra-day trading on Friday, January 6 —just 0.37 away from achieving 20,000 for the first time. On the same day, the S&P 500 and […]

04Jan 2017

Are you expecting a pay raise in 2017? Don’t! According to a recent survey, employers say they’re not planning to increase budgets for raises and bonuses for 2017. Not great news, considering more than half of Americans have less than $1,000 dollars to their name. So how do we begin to save? Financial advisor Mike […]

03Jan 2017

Weekly Market Update: January 3, 2017 Looking back on the final trading week of a very eventful year, we saw low volume and a break from the recent rallies for domestic indexes. While international stocks in the MSCI EAFE added 0.56%, all major U.S. indexes declined. The S&P 500 lost 1.10%, the Dow was down […]

02Jan 2017

Turns out all those gift cards you have laying around after the holidays can get you more than a sweater or a new video game. They can be a teaching tool for kids! A gift card is an opportunity for a child to experiment with plastic in a controlled way and begin to understand how […]

28Dec 2016

The holidays are in the rear-view mirror, but the credit card bills are front and center! All the fun and festivities can really add up! Many households will be paying off their debt through the winter and even into spring. Brad Allen talks with Milwaukee’s WTMJ-4 about tips on how to pay off those bills […]

27Dec 2016

Weekly Market Update: December 27, 2016 In the last full trading week of 2016, domestic markets were relatively quiet, with many people out of the office for the holidays. Nonetheless, all three major domestic indexes ended the week in positive territory. The S&P 500 was up 0.25%, the Dow gained 0.46%, and the NASDAQ added […]

21Dec 2016

There is a lot of gift giving in the holiday season, but don’t you ever just want to give yourself something? Brad Allen talks with Milwaukee’s WTMJ-4 about six different ways you can gift yourself this holiday season! Gift Yourself Pay Off Debt Start an Emergency Fund Spend It on an Experience Invest in Your […]

19Dec 2016

Weekly Market Update: December 19, 2016 Last week was mixed for the markets, as the Dow increased by 0.44%, while the S&P 500 lost 0.06%, the NASDAQ dropped 0.13%, and the MSCI EAFE gave back 0.55%. [1] We also saw a variety of data released, giving a similarly mixed view of recent economic activity. Retail […]

15Dec 2016

The end of the year is just around the corner, but there’s still plenty of time to reduce your tax bill or boost your refund! Financial professional Brad Allen talks with CBOE’s Business First about taking advantage of every deduction you can before December 31st. Year-End Tax Moves to Save in 2017: 1. Donate to […]

15Dec 2016

Shopping online is growing in popularity, especially around the holidays. Financial advisor Mike Williams talks to WTMJ-4 about how to save money when buying online. He also shared advice to keep your online shopping safe from hackers. Money Saving Tips 1. Shop Around 2. Avoid Extra Costs 3. Hunt for Coupons 4. Be Patient Online […]