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Dorion-Gray Capital Management® Weekly Commentary January 23, 2017

| January 24, 2017
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THE MARKETS...

For the first time in over 50 years, the stock market rose on the first day of a new presidency. Wall Street made a modest but broad advance as Donald Trump was sworn in as the 45th president of the United States. For the week, the Dow fell 0.24 percent to close at 19,827.25. The S&P lost 0.13 percent to finish at 2,271.31, and the NASDAQ dropped 0.34 percent to end the week at 5,555.33.

Own a Lot –

The federal government owns 28 percent of all land in the United States, including 85 percent of Nevada and 65 percent of Utah (source: Congressional Research Service, BTN Research).

Slow Going –

If GDP growth for 2016 being reported on Friday, Jan. 27, is less than 3 percent, it will be a record 11th consecutive year of sub 3 percent growth. The next longest streak in U.S. history of sub 3 percent growth was the four years from 1930-1933 (source: Commerce Department, BTN Research).

Campaign Rhetoric? -

The U.S. economy began its 91st month of growth this week, an expansion exceeded in length only three times since 1900. President-elect Trump predicted on April 2, 2016, the United States is on course for a massive recession because the country is sitting on an economic bubble (source: Reuters, BTN Research).

WEEKLY FOCUS - Protecting Our Children

We make sure our children use seat belts in the car, wear helmets when they bike and never run with scissors. But there is one danger we may not be considering: identity theft. About 1.3 million children are affected by identity theft each year according to Robert Chappell Jr., author of “Child Identity Theft: What Every Parent Needs to Know.”

Some fear the figure may be even higher. Since it is estimated half of child identity theft victims are under the age of six, the crime often isn’t detected for 10 to 15 years, when the child becomes old enough to apply for credit and is turned down.

Many people wrongly believe credit issuers always verify applicants’ age. It’s also natural to assume adults with assets, multiple financial accounts and a significant credit history are bigger targets for identity thieves. However, a study by Carnegie Mellon University’s CyLab found children are 51 times more likely than adults to fall victim to identity theft.

Awareness and vigilance are essential to protect your children’s or grandchildren’s identity. The first step is to guard their Social Security number. Like adult Social Security cards, children’s cards should never be carried. Destroy documents that contain the number. When school or medical forms ask for a Social Security number, inquire whether it is mandatory. Warn children not to share it.

Guard their other personal information. Know their school’s student directory policy. The Family Educational Rights Privacy Act requires parents be informed of their right to opt out of the release of students’ personal information to third parties. Don’t put a decal on your vehicle that shows the number of children in the family and their names. And don’t put a sign in your yard wishing them a happy birthday or congratulating them for graduating. Make sure children know the dangers of sharing an address or phone number on social media sites.

Heed warning signs. If a child receives credit card applications, a bill or collection call for something they didn’t purchase, or a notice from the IRS saying they didn’t pay income taxes, someone may be misusing their information.

Before the child’s 16th birthday, check whether they have a credit report. If they do and you find evidence of fraud, you’ll have time to correct it before they apply for a job, a credit card or a tuition loan. If you believe your child or grandchild may have become a victim of identity theft or fraud, contact our office. We are here to assist 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.

© 2017. Dorion-Gray Financial Services, Inc.

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