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Dorion-Gray Capital Management® For the week of December 10, 2018

| December 10, 2018
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THE MARKETS...

The three major indexes dropped sharply on the final day of a turbulent week on Wall Street. Renewed concern over U.S. – China trade relations offset a Labor Department report showing healthy job gains last month and the fastest wage growth in nearly ten years. For the week, the Dow fell 4.44 percent to finish at 24,388.95. The S&P dropped 4.55 percent to finish at 2,633.08, and the NASDAQ lost 4.92 percent to end the week at 6,969.25.

Through November — The S&P 500 had gained 5.1 percent YTD (total return) as of Friday, Nov. 30, half the index’s average return of 10.1 percent per year over the last 50 years (source: BTN Research).

Winners From Last Year  An equal investment at the end of 2017 into the 10 stocks in the S&P 500 that gained at least 80 percent last year was down a collective 1.1 percent YTD as of Friday, Nov. 30 (source: BTN Research).

My House, My Piggy Bank  Cash-out refis – a homeowner taking out a new mortgage larger than their previous mortgage and pocketing the difference – peaked in 2006 when American homeowners pulled out $320 billion of home equity during a rising housing market. Homeowners pulled out just $15 billion of their home equity through cash-out refis in the third quarter of 2018 (source: Freddie Mac, BTN Research).

 

WEEKLY FOCUS  Reduce Unwanted Intrusions

Fed up with robocalls or calls from businesses claiming you won a luxurious vacation? Tired of your mailbox filled with junk mail and your inbox full of spam? Good news! You can reduce the volume of calls, mail and email you receive with just a little effort and time.

If your phone is ringing off the hook with robocalls, you’re not alone. April 2018 saw 3.4 billion robocalls, according to the New York Times1. Here are a few tips to curb robocalls and other nuisance calls and avoid phone scams:

Don't answer calls from unknown numbers. Let them go to voicemail to prevent robocalls from registering your phone number as a viable contact. Never give out personal information, such as account numbers, Social Security numbers, your mother's maiden name, passwords or other identifying information. To reduce unwanted calls from legitimate telemarketers, register your number on the U.S. government’s Do Not Call List at www.donotcall.gov. To block scammers, use your iPhone and Android phone’s built-in features. Third-party apps, such as Nomorobo and Hiya Caller ID, block unsolicited calls and text messages.

Like the government’s Do Not Call registry, the Direct Marketing Association maintains a “do not mail” list, the Mail Preference Service. Putting your name on the list will keep DMA members from physically mailing unsolicited marketing content for five years.

Snail mail, especially offers from financial institutions and credit cards, can cost you financially if thieves steal your personal information and open new accounts in your name. To stop credit card offers and more, visit the Consumer Credit Reporting Industry at OptOutPrescreen.com.2

Email spam is another clutter culprit. Here are two tactics to reduce unwanted email. Mark them as spam before deleting. This is how automatic spam filters learn to identify spam and filter it out. Never publish your email address online. Spammers use tools to scrape the web to compile lists of email addresses. For more steps to limit spam, visit: www.consumer.ftc.gov.

To discuss additional ways to secure your financial and personal information, call our office. We can assist you in keeping your information as secure as possible.
1https://www.nytimes.com/2018/05/06/your-money/robocalls-rise-illegal.html
2https://www.creditcards.com/credit-card-news/opt-out-prescreened-offers-id-theft-risk-1294.php>

 

The Dorion-Gray Team

Securities offered through Securities America, Inc., Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. a Registered Investment Advisory Firm. Dorion-Gray Retirement Planning is a trade name of Dorion-Gray Financial Services, Inc. located at 2602 IL Route 176, Crystal Lake, IL  60014.  Dorion-Gray and the Securities America companies are separate, unaffiliated entities. 

Diversification seeks to reduce the volatility of a portfolio by investing in a variety of asset classes.  Neither asset allocation nor diversification guarantee against market loss or greater or more consistent returns.

© 2018. Dorion-Gray Financial Services, Inc.

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