Are you in need of financial advice? If so, you’re not alone. Study results show that 2 in 5 adults are completely lost when it comes to managing their finances. Even if you feel like you have a decent hold over money matters, it’s still a wise move to seek the…
Stats reveal that 56% of Americans don’t have enough money saved to meet a $1,000 emergency. Do you fall in this category? Or maybe mastering the art of maintaining an emergency fund is not your worry. Perhaps you want to learn how to manage and build wealth beyond this basic step?…
In this edition: The market is volatile. The world is volatile. Volatility is going to continue. The Fed is raising interest rates. Plan for more volatility and do so with the help of a financial professional. Housing data is weak Industrial production is increasing Consumer sector remains…
According to statistics, the average American holds $90,460 of debt. Are you wondering whether you should prioritize debt re-payments or your 401k contributions? This can be a tricky question, and it might feel like there is no right answer. Fortunately, by weighing up the pros and cons and considering your financial…
Continuing the fear and greed cycle. Looking back over my thirty years in financial services, I can say unequivocally one of the most challenging times for investors is a market downturn. Things are going great and all of sudden, wham, a selloff takes hold, a correction or a bear market?…
Correction and contraction…. Investing during 2022 has been like running an obstacle course for the first time – walls to scale, water hazards to cross, fallen trees – you get the idea. To-date, economic, coronavirus-related, and geopolitical events have taken a toll on stock and bond markets, as well as…
Our Market Perspectives begins with a check-in on the Federal Reserve. Among other things, Congress asks the Federal Reserve to use its tools to promote price stability and maximum employment. Last week, economic data provided information about both. Inflation continued to increase Price stability means ensuring the prices of goods…
Seventy-five percent of Americans say they wing it when it comes to financial planning. The majority live paycheck to paycheck and cannot cover an unexpected expense of $1,000. Many believe you must be a wealthy person set to seek financial advice. That is the reason people earning under $50,000 are…
Which should you choose bank or credit union? Many people today are choosing to change their preferred financial institution. This change is driven by a number of factors but clarity on which is best for you may not be so clear. Should you go with a bank or a credit…
In just over two weeks, the war in Ukraine has disrupted the status of 1.3 million people – approximately the number of people who live in Philadelphia or Phoenix – citizens turned refugees. It is hard to say when the conflict will end or the toll it ultimately takes on…
Reflecting on our 2021 year-end Market Perspectives, our thesis held that 2022 could look quite a bit like 2021 — with some key differences. We noted the positives such as the economy reopening should continue, and global economic and corporate earnings growth should be above trend. The negatives: Inflationary pressures…
Far too many Americans are failing to build wealth. The opportunity is there, but primarily the upper echelon of American society is taking advantage. In fact, more than one-third of people in the United States will not have enough saved for retirement. An even greater share cannot live comfortably on…
© 2022 Omnistar Financial Group.