Below you'll find a list of all posts that have been categorized as “Political Commentary”
We hope you are all enjoying your summer! It is another hot one in Southern California, almost as hot as the real estate market. I know the Vance Wealth team has been trying to beat the heat by heading to the beach or spending time in the pool this summer. However you are trying to beat the heat, we hope you are getting some sort of relief. What if I told you the S&P 500 is up almost 90% …
It has been argued that the upcoming election on November 3rd between Democratic presidential nominee Joe Biden and the incumbent Republican president Donald Trump, is the most important election in history. I am not here to argue that; I believe every election is important. But, while important, has it really mattered who won (Democrat or Republican) historically for the markets? The short answer is no. In terms of overall market performance, we’ve seen the markets do well under Republican …
$2.5 trillion stimulus package passed on March 27, 2020, aimed at providing some financial relief to small businesses and their employees amid the coronavirus pandemic. How does this affect retirees? Temporary waiver of Required Minimum Distribution (RMD) rules Participants who have or are required to take a minimum distribution in 2020 based on the value of their December 31, 2019 account balance now have the option to suspend their distribution. Those who have seen a decline in their retirement accounts …
Stats/Facts: Total Student Loan Debt: $1.56 trillion Total U.S. Borrowers With Student Loan Debt: 44.7 million Average Student Loan Debt: $32,731 Average Student Loan Payment: $393 (Source: As of 3Q 2019, Federal Reserve & New York Federal Reserve) How to solve this: Step 1: Issue $1.5 trillion in 30 year treasury bonds at 1.75% (as 3/19) Step 2: Refinance all debt at 2.5% over 29 years & delay current payments until 4/1/2021 Results: US government earns 0.75% spread = $11.250 …
Greetings, Even though accounts are positive year-to-date after a swift recovery from the Q4 2018 volatility, most people do not realize that the S&P 500 has been essentially flat since the market peaked back on January 26, 2018 (S&P 500: 2,872) over 18 months ago. The S&P 500 closed August 12th at 2,883, only +0.38% above the January 26th market peak. Once again, there has been a lot of market volatility with not much to show for it. Here is …
The first three months of the Trump presidency have been politically tumultuous and divisive. Opinions on the work he has done so far, and the work he has planned for the future have been far-reaching, and are being debated everywhere from our newsrooms to our living rooms. It can be challenging sometimes, to cut through the noise and the rhetoric to get some clarity on the issues you are most concerned about. At Vance Wealth Group, we are staying out …
