Beginning in December 2016, the U.S. Federal Reserve (the Fed) had been gradually ratcheting up the federal funds rate, until it reached its December 2018 level of 2.25–2.50%. Effective August 1, 2019, that changed: The Fed lowered the federal funds rate by a quarter point,...
The New York Times Article, “Investors Are Usually Wrong. I’m One of Them” does a great job supporting Sax Wealth Advisors’ philosophy about not trying to outsmart the markets. Give it a read here: https://www.saxwa.com/wp-content/uploads/Investors-Are-Usually-Wrong.pdf...
MONDAY, JULY 15, 2019 --- CLIFTON, NJ: Sax Wealth Advisors, a registered investment advisory firm and financial planning subsidiary of accounting, tax and advisory firm, Sax LLP, is pleased to announce its inclusion on the 2019 edition of the Financial Times 300 Top Registered Investment...
Due to the upcoming Fourth of July holiday, Sax Wealth Advisors will be closed on Thursday, July 4 and Friday, July 5. We will resume normal business hours on Monday, July 8. We would like to take this opportunity to wish you and your families a...
THURSDAY, JUNE 13, 2019; CLIFTON, NJ: – SAX Wealth Advisors, a registered investment advisory firm and financial planning subsidiary of accounting, tax and advisory firm, Sax LLP, is proud to announce their inclusion on Accounting Today’s 13th annual “Wealth Magnets” list, comprised of the Top...
Written by: Kyle R. Stawicki, ChFC® A quick online search for “Dow rallies 500 points” yields a cascade of news stories with similar titles, as does a similar search for “Dow drops 500 points.” These types of headlines may make little sense to some investors, given...
Clifton, NJ, April 1, 2019 –––– Sax Wealth Advisors LLC, an independent registered investment advisory firm with offices in Clifton, NJ, Pennington, NJ and New York City, has announced the addition of Stuart B. Herrmann, CFP®, CPA as Wealth Advisor effective April 1, 2019. Previously, Stuart served...
Asset allocation. It’s so ingrained in how we manage our clients’ investment portfolios, we talk about it all the time. But what is it? What are assets, and what happens when you allocate them? Asset Allocation: A Classy Subject Big picture, an asset is anything beneficial you...
Sometimes the best, most rigorously developed financial advice is so obvious, it’s become cliché. And yet, investors often end up abandoning this same advice when market turbulence is on the rise. Why the disconnect? Let’s take a look at five of the most familiar financial...
From March 2009 through September 2018 — a period encompassing almost 10 years and the aftermath of the Great Financial Crisis — the world’s stock markets performed exceedingly well. Over this period, the global stock market was up 14.3 percent per year while the S&P...
