Financial Planning Scottsdale Legend Capital Group on Facebook Legend Capital Group Linkedin Sign Up for Our Financial Newsletter

News


Expertise • Objectivity • Integrity


19

September

THE FED'S CATCH 22

Admin

The Fed’s Catch 22

September 18, 2013

Today, at the conclusion of its two day Federal Open Market (Mouth) Committee meeting, the Federal Reserve (Fed) unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more signs of lasting improvement in the economy. “The Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.” While “downside risks” to the outlook have diminished, “the tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement.”


Basically...



Read more

How Do You Know When You Have Enough to Retire?

There is no simple answer, but consider some factors.

 

Provided by Luke M. Johnson, President Legend Capital Group

 

You save for retirement with the expectation that at some point, you will have enough savings to walk confidently away from the office and into the next phase of life. So how do you know if you have reached that point? 

 

Retirement calculators are useful – but only to a point. The dilemma is that they can’t predict your retirement lifestyle. You may retire on 65% of your end salary only to find that you really need 90% of your end salary to do the things you would like to do.

 

That said, once you estimate your income need you can get more specific...


Read more

Market Commentary: A Call to Inaction

September 3rd, 2013

It’s Labor Day evening and I am sitting in my living room contemplating the weekend’s activities. Not the various sporting events or barbecues attended, but ruminating on the plethora of special news reports regardingSyria. FirsttherewasgoingtobeastrikeandnowtherewillbeaCongressionalvotebeforea strike. If Congress votes no, then what action will President Obama take? This political posturing and uncertainty comes at a bad time as our nation faces a potential government shutdown, debt ceiling debate, andappointmentofanewFedchairman. Eachoneoftheaforementionedeventshasthepotentialto wreakmarketvolatility,butthecombinationofallofthemcausedmetopanic....


Read more

3

September

UNDERSTANDING THE MARKETS

Admin

Understanding the Markets

What the acronyms signify & what affects investors.

 Provided by Luke M. Johnson, President Legend Capital Group

 

Dow. NASDAQ. S&P 500. Fear index. NYSE. Commodity prices. Earnings. Economic indicators. These are the gauges and signposts of investing, but if you stopped most people on the street, you’ll find they have only a hazy understanding of what these terms signify or reference. If you’ve ever been left dizzy by the jargon of the financial world, here is a brief article that may help clarify some of the arcana. Let’s start on Wall Street. 

 

The major U.S. indices. The Dow Jones Industrial Average tracks how 30 publicly owned companies trade on a market day – the “blue chips”, 30...


Read more

How Impatience Hurts Retirement Saving 

Keep calm & carry on – it may be good for your portfolio.

 Provided by Luke M. Johnson, President Legend Capital Group

 

Why do so many retirement savers underperform the market? From 1993-2012, the S&P 500 achieved a (compound) annual return of 8.2%. Across the same period, the average investor in U.S. stock funds got only a 4.3% return. What accounts for the difference?1,2  

 

One big factor is impatience. It is expressed in emotional investment decisions. Too many people trade themselves into mediocrity – they react to the headlines of the moment, buy high and sell low. Dalbar, the noted investing research firm, estimates this accounts for 2.0% of the above-mentioned 3.9% difference....


Read more