“The hardest thing in the world to understand is the Income Tax.” ⦁ Albert Einstein “Make sure you pay your taxes; otherwise you can get into a lot of trouble.” ⦁ Richard Nixon The US debt is at 28 trillion dollars and tax revenue is at 3.42 trillion. The current level of spending is at …
See chart regarding top financial related concerns for readers in 2022 from Investopedia below. Social Security Hacks – Protection Against Scammers A few weeks ago, we covered financial scams on our radio show called the Toro Bravo Retirement Income show. It runs on AM 940 NewsTalk on Saturday and Sunday Mornings from 8am – 9am …
Inflation and Rising Interest Rates Top Reader Concerns Read More »
Written by: Brian Keith Moon, RSSA, CF2 and Mubashir Subhani, RICP, CF2 “Well begun is half done.” – Aristotle “The Bear Stearns Companies, Inc. was a New York City-based global investment bank, securities trading, and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to …
In 2022 the market declined -20%1 then bounced back in 2023 +26.29%. This year, the S&P 500 gained 7.63%. So, everything is good? We say no so fast. Let’s start with why the market declined. In March 2022, the Federal Reserve Bank increased interest rates from nearly 0% to 5% over the next year and …
The economy is doing very well. We are seeing companies beat earnings and are optimistic about future earnings estimates. 1st quarter GDP was up +6.4%.1 The stock market is doing great! The jobs number however, was a huge disappointment. In April, the unemployment number ticked up to 6.1% as only 266,000 jobs were added (1 …
I admire Elon Musk, but not to the point where I track his plane and post locations on Twitter (Elon shut that site down when he bought the Twitter). It’s admirable how he has turned start-ups with massive risk of failure into raging successes. He has been through the ringer when his companies ran into …
Elon Musk Says A Recession Would Be The Fed’s Fault Read More »
We interviewed Marina Watts a loan officer specializing in reverse mortgages on our radio show on NewsTalk AM 940 at 10am Saturday & Sunday. I have never looked at reverse mortgage as a retirement income tool in the past. But now it might be worth considering. Disclaimer: Toro Bravo Investment Advisors, LLC does not advise …
Reverse Mortgages Are Useful Retirement Planning Tools Read More »
“To summarize the summary: anyone who is capable of getting themselves made President should on no account be allowed to do the job.” ― Douglas Adams, The Restaurant at the End of the Universe The election happened, and though it appears that Biden is being crowned as the winner, Trump being Trump, has not conceded …
“The four most dangerous words in investing are, it’s different this time.” – Sir John Templeton. “Don’t Fight the Tape, Don’t Fight the Fed!” – Martin Zweig I get asked all the time, “Where is the market heading?” Truthfully, I don’t know. No one knows. Maybe the Shadow knows? (If you get that …
“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb The S&P 500 has lost 25% this year.1 Many are worried about further downturns in the market due to a Recession! That word is like saying cancer or Satan. People start looking around and ask …
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