Truth in Wealth Building

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Four new flavors

The Labor Department said U.S. import prices edged up 0.1% in December, their smallest increase in five months. In 2017 import prices increased 3.0% after advancing 1.9% percent in 2016. That was the biggest calendar year increase since 2011. The Mortgage Bankers Association says total application volume rose 8.3% last week. Refinance applications were up…

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An all-time record setter

The NFIB reports that its latest Small Business Optimism index remained in the stratosphere for all of 2017, making last year an all-time record setter. NFIB President and CEO Juanita Duggan said, “2017 was the most remarkable year in the 45-year history of the NFIB Optimism Index. … With a massive tax cut this year,…

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Five new highs to start 2018

Five new highs to start 2018. The S&P 500 closed higher for the fifth straight day to kick off 2018, with all five days also making new highs. This is the longest win streak to start a new year since six in a row in 2010, while it is closing in on the all-time record…

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Questions to Ask a Financial Advisor

1. How do you get paid? Tell me all the direct and indirect compensation you receive. 2. Are you a fiduciary? Explain to me why or why not. 3. Do you take discretion on my account? 4. If I look on brokercheck.org what would I find out about you? 5. Do you use proprietary investment…

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It took only 23 trading days

The Dow closed above the 25,000 level for the first time in history last week. It took only 23 trading days to go from 24,000 to 25,000–the fasted 1,000 point move ever. Of course, as you go higher the percentage needed to reach the next milestone is smaller, but this is still an impressive feat….

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Three days in a row

The Department of Labor says the economy added 148,000 jobs in December. The private sector added 146,000 and the government added 2,000 jobs. The unemployment rate is 4.1%. The S&P 500 closed at another new all-time high yesterday, making it three days in a row of new highs to start the year. The last time…

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