We May Be Getting Closer to the Bottom

The current decline has put the S&P 500 index on pace to experience an unusually bad month. Through yesterday’s close, the large-cap index was down 10.6% on a month-to-date basis. This ranks as the 27th worst calendar month, according to @OddStats. It also makes this month the toughest since February 2009, when the S&P 500…

 

Equifax Hacked; How to Protect Yourself

Yesterday, Equifax revealed that its website had been hacked. The breach, which occurred between mid-May through July 2017, allowed the hackers to access names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. Equifax, for its part, is offering one free year of credit monitoring through its website. The website also…

 

Tax-Effective Ways to Make Charitable Donations

Today is Giving Tuesday, a day designated to promote donations to charitable organizations. Donating to charity is first and foremost an act of altruism. The tax code rewards such acts. The tax code allows those who itemize to deduct donations to qualified charitable organizations. Receipts are required for all cash contributions. Contributions of $250 or…

 

How to Keep Headlines From Driving Your Portfolio Decisions

Big, unexpected events commonly trigger strong emotional reactions. The wiring in our brains triggers us to quickly respond to new stimuli. The initial course of action is often the wrong one when we’re not in physical danger. This is particularly the case when it comes to managing our portfolios, which is why I’m sending this…