Despite a strong August employment report, stocks fell Friday after President Trump raised the possibility of more tariffs on Chinese imports. The NASDAQ experienced its worst week since March. For the week, the Dow fell 0.14 percent to close at 25,916.54. The S&P lost 0.98 percent to finish at 2,871.68, and the NASDAQ dropped 2.55 percent to end the week at 7,902.54.
Economic Predictor — A recession has taken place in the United States within two years of an inverted yield curve nine out of 10 times since 1955. This study defined an inverted yield curve
Where We Are — With four months to go in 2018, the S&P 500 is up 9.9 percent YTD (total return). The index has gained 10.1 percent per year over the last 50 years (i.e., 1968-2017). (Source: BTN Research).
Last Quarter — October, November
WEEKLY FOCUS – It's Life Insurance Awareness Month
September is Life Insurance Awareness Month, designed to educate the public on the important role life insurance plays in a family’s financial wellness.
According to research by the nonprofit Life Happens and the Life Insurance and Market Research Association, 35 percent of all households would experience adverse financial
The research further suggests millennials may particularly benefit from greater education. While 40 percent of all consumers indicate they don’t know how much coverage they need or what kind of insurance they should buy, 60 percent of millennials express those uncertainties. Similarly, most consumers estimate coverage costs three times more than actual costs, but millennials overestimate costs five times
Individuals purchasing insurance should consider a variety of factors to determine how much and what type they need. If they want to provide cash flow during their own retirement or use an insurance policy to leave an inheritance at any age, they may want to purchase a permanent life policy. If they want to provide greater protection for a loved one or loved ones during a certain period, they may turn to a term policy. For example, a young parent can usually purchase a term policy with a large payout to provide for children until they reach adulthood at a lower premium than a permanent policy with the same payout. In some cases, the parent may consider a convertible term policy that allows them to convert to permanent life insurance before the term ends.
In determining insurance needs to protect a household, it’s important to consider career stage, family size, debts, other assets, present expenses (e.g., mortgage, car loan, student loan, credit card debt and ongoing household expenses) and future expenditures – such as a child’s education. Once that information is assembled, there are different formulas to determine adequate coverage for a family’s situation. If you or a loved one needs help in evaluating your life insurance needs, please contact our office. We will gladly work with your existing insurance agent, handle your insurance needs at our office or recommend an agent to work with you.
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.
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* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Morgan Stanley Capital International Europe, Australia