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,...

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...

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...

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...