The three major indexes enjoyed their fourth straight week of gains as investors appeared to embrace the European Central Bank’s stimulus measures. Amid steadying oil prices, the S&P 500 and the Dow had their best close of 2016. For the week, the Dow rose 1.34 percent to close at 17,213.31. The S&P gained 1.19 percent to finish at 2,022.19, and the NASDAQ climbed 0.67 percent to end the week at 4,748.47.
Since Year End –
As of the close of trading on Monday, Feb. 29, only 36 percent of the individual stocks in the S&P 500 (179 of the 500 stocks in the index) were trading at a higher price than where the stock closed on Dec. 31, 2015 (source: BTN Research).
Of 584 millennials surveyed in December 2015, 52 percent regret selling out of the stock market in the aftermath of the 2008 global financial crisis. Millennials are defined as the 75 million Americans ages 19-35 in 2016, i.e., individuals born from 1981-1997 (source: UBS Investor Watch, BTN Research).
One Stock -
The No. 1 performing stock in the S&P 500 index YTD, through the end of February, was ranked No. 273 (out of 500 total stocks) for all of calendar year 2015 (source: BTN Research).
WEEKLY FOCUS – Preparing for Career Opportunities
There are several bright spots in today’s job market. Overall, the U.S. added 2.45 million jobs for 2015. According to a survey published last fall by Michigan State University, employers expect to hire 15 percent more college graduates in the 2015-2016 academic year. Based on the survey and Bureau of Labor Statistics, the following fields will offer the greatest hiring opportunities: construction; education (pre-K through grade 12); financial and insurance services; aerospace, automotive, truck and defense-related industries; truck transportation; Internet services; accounting; and computer services.
Whether you have a student graduating soon or may be contemplating your own career move, here are a few tips to make the most of today’s promising market.
Build an online brand. Since a 2015 Harris poll reported 52 percent of employers research candidates on social network sites, use Reppler.com to see how you look to others. Ensure you project a positive, well-rounded personality and demonstrate solid, polished communication skills. Don’t post anything you wouldn’t want a potential employer to view. Change your settings to keep old posts from showing on your timeline. Lock down your friends’ list. Untag yourself from selfies. Restrict who posts on your timeline and enable Timeline Review so you can review posts friends tag you in. Be sure to create a strong LinkedIn profile with a professional photo and quality content.
Grow your network. According to the Ladders, having an existing employee refer you increases your odds of getting an interview 10 times. So build your network. Join LinkedIn groups related to your industry. Connect with college alumni, faculty and former internship supervisors. And meet people in person. Join professional organizations, volunteer, attend networking events and go to job fairs.
Craft your resume. Finally, remember one resume is not enough. It’s important to tailor your resume to fit specific job listings (particularly the career objective), incorporating keywords from job descriptions. When possible, quantify achievements in academic coursework, extracurricular activities and work experiences.
With the average person changing jobs 10 to 15 times during his or her career, it’s wise to be prepared for opportunities that may arise by implementing these measures now. From college funding to financial education to family conversations about estate planning, we’re here to help you and your loved ones pursue financial security. If you have questions or concerns, please give us a call.
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.
© 2013. Dorion-Gray Financial Services, Inc.