2023 is well underway. Watch financial advisor, Steve Schott, speak a bit about what to expect from the markets this year.
2023: Market Outlook
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News from Schott Financial Management
An Update on Rising Interest Rates
I've been in training for several weeks. Attending Cambridge's National Conference and then a market update seminar for First Trust. The purpose of this training was to be around the best minds in our industry. The re sounding takeaway is two-fold. The market is...
To Be Or Not To Be….In a Recession
As I meet with clients this summer, one question that keeps coming up is, are we headed for a recession? The answer to this question depends on who you ask. Typically, a recession occurs when GDP (Gross Domestic Product) declines in the US for two fiscal quarters....
An Update on Market Volatility
When writing this article on May 1st, I can't help but think what a year it's been! Markets have been volatile, influenced by headlines about inflation, rising interest rates, and war in Eastern Europe. Large-cap technology stocks that performed well in the pandemic...
Interest Rates and Inflation
2022 has been off to a volatile start. The Financial Sector has seen its 8th correction of 10% of the markets in 20 years. As anxiety-provoking as corrections can be, they are a necessary part of the process, especially if we want to see a return on our investments....
2022 Market Update
I wanted to provide a quick synopsis about what’s going on with the markets. As you probably know, 2022 has been volatile for the US Equity Markets. Today, the Dow Jones Industrial Average is down 482 points. The reason for this downturn is three-fold. The headlines...
End of the Year Checklist from A Prescott Financial Advisor
It's hard to believe we are fast approaching the end of 2021. As a financial advisor, I like to remind my clients of a few items to be aware of as the year ends. RMD, otherwise known as Required Minimum Distribution, are distributions taken from a qualified account,...
The Three I’s for 2022
Looking ahead to the year 2022, especially with the mid-term elections, I have a few predictions I wanted to share that will address paying for the enormous flows of cash into our economic system. I call them the Three I’s. Interest Rates: the Federal Reserve has been...
2021: A Look Ahead
2020 gave us quite the ride, from complete market panic in March to a roaring comeback by year’s end. Despite the pandemic, mass unemployment, and a change in political administrations, the stock market, like America, remains resilient. There are still many unknowns...
2021: Frauds and Scams to Look Out For:
Covid-19 wreaked havoc on our financial system, touching off a host of new and sophisticated scams. Many Americans are isolated from friends and family; some have lost their jobs and their lives. Collectively, we are hurting as a nation, and where’s there’s...
