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2020:  BUILDING WEALTH DURING COVID-19 
 
Spurstone’s Building Wealth During Covid-19 blog series was written by Tim Golas, Partner in early March 2020.  Tim created these educational blogs to help our clients, friends and colleagues during the onset of social distancing-stay at home. We hope this series of daily blogs help folks emerge from this Coronavirus crisis better positioned in their wealth and more financially secure.  Check these posts out below along with all of our other blogs and please share with colleagues and friends.   Wishing you all continued good health!

Friday, November 27, 2020

As an investor, it can be tempting to get caught up in daily news headlines. Consider how news about the election and COVID-19 vaccines have moved the markets over the past several weeks. But having a financial strategy can help you...

Monday, November 23, 2020

The Week on Wall StreetDespite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new infections and economic lockdowns.The Dow Jones Industrial Average fell 0.73%, while the...

Monday, November 16, 2020

The Week on Wall Street News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, though enthusiasm was tempered by reports of rising new infections and fresh...

Monday, November 9, 2020

The Week on Wall Street Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies.The Dow Jones...

Monday, November 2, 2020

The Week on Wall Street Stock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad. The Dow Jones Industrial Average slid 6.47%, while the Standard &...

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Monday, October 26, 2020

The Week on Wall Street The failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly lower for the week. The Dow Jones Industrial Average fell 0.95%, while the Standard & Poor’s...

Monday, October 19, 2020

The Week on Wall Street Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.The Dow Jones...

Wednesday, October 14, 2020

It’s a startling statistic.45% of consumers with $100,000 or more investable assets expect to make changes to their investments due to the upcoming 2020 presidential election.1Second-guessing your investment strategy is natural,...

Monday, October 12, 2020

The Week on Wall Street Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500...

Friday, October 9, 2020

Most executives realize that if their employer were to file bankruptcy, an unfortunately very real risk for many this year, their stock benefits will be lost. This can be a tough pill to swallow as stock awards can represent a large...

Monday, October 5, 2020

The Week on Wall Street Stocks advanced last week, propelled by hopes that legislators may reach an agreement for a new fiscal stimulus package and optimism generated by a few corporate deal announcements and initial public offerings....

Wednesday, September 30, 2020

Due to COVID-19, Americans are spending more time at home than ever before, leading to a record amount of spending on home improvement.1It’s not that big of a surprise since many Americans now find their homes are doing triple...

Monday, September 28, 2020

The Week on Wall Street Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new COVID-19 cases.The Dow Jones Industrial...

Friday, September 25, 2020

As the U.S. presidential election draws near, expect to see more and more headlines that propose, "What will happen next if this person is elected?" or, "What policy changes to prepare for in the next four years?" In reality, however,...

Tuesday, September 22, 2020

In chaos, everything appears to be a risk. In these turbulent times, it’s common for investors to start questioning what is financially safe and what is at risk. Particularly if your employer is going through a bankruptcy, as we...

Monday, September 21, 2020

The Week on Wall Street Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.The Dow Jones Industrial Average declined 0.03%, while the Standard...

Monday, September 14, 2020

The Week on Wall Street Stocks traveled a volatile path last week as investors appeared concerned about the upcoming elections, an uncertain economy, and more delays with additional fiscal stimulus. The Dow Jones Industrial Average...

Wednesday, September 9, 2020

A few years back, I met with a very smart executive that made a mistake with his 401(k) that was so big I hesitated to expose to him the gravity of his error. You see, this was one of those mistakes that a person would not even know...

Tuesday, September 8, 2020

The Week on Wall Street A late week sell-off sent stocks broadly lower as investors took some profits after stocks reached all-time highs earlier in the week. The Dow Jones Industrial Average slid 1.82%, while the Standard & Poor’s...

Wednesday, September 2, 2020

When a large portion of your wealth is tied to your employer, a company bankruptcy is devastating. Even if you think your company is financially sound today, but you continue having your wealth tied to that employer in the future, your...

Monday, August 31, 2020

The Week on Wall Street Stocks advanced relentlessly last week on positive COVID-19 developments, encouraging economic data, and a supportive policy shift in the Fed’s approach to its target inflation rate. The Dow Jones Industrial...

Wednesday, August 26, 2020

Early Retirement or Voluntary Retirement packages aren’t something new or genuine to the current global pandemic, so navigating your options and steps to take can be done so with some seasoning. These packages are usually offered...

Tuesday, August 25, 2020

As a follow-up to my recent blog titled “Executive Musical Chairs”, I like everyone else wonders what’s in store in the days ahead? We are all seeing and experiencing the obvious turmoil. We are living in the new work...

Monday, August 24, 2020

Two high-profile companies—Apple and Tesla—have announced stock splits in the past few weeks, which makes it a great time to discuss what’s involved when a company announces a stock split.Remember, any companies...

Monday, August 24, 2020

The Week on Wall Street Stocks powered to another week of gains as the S&P 500 and Nasdaq Composite set multiple new record highs along the way.The Dow Jones Industrial Average was essentially unchanged while the Standard & Poor’s 500...

Thursday, August 20, 2020

“Oh, I see now why you kept telling me this every year”. When the lightbulb goes on for a client, and you hear those words, it’s a very rewarding feeling. You see, there are times where we lay the groundwork for years...

Tuesday, August 18, 2020

Over the last few months, mainly perpetuated by the Covid-19 pandemic, we have seen some interesting activity happening in the corporate arena. An “Executive Musical Chairs” if you will. I am uncertain as to whether this is...

Monday, August 17, 2020

The Week on Wall StreetStock prices drifted higher in an otherwise quiet news week, as a slowdown in new COVID-19 cases outweighed a Congressional impasse on a new fiscal-spending measure. The Dow Jones Industrial Average gained 1.81%...

Thursday, August 13, 2020

Roughly six months after leaving his job for a new opportunity, Mark opened his quarterly benefits statement and had, as he called it, an “Oh Sh$t” moment. With a sinking feeling in his gut, he realized the gravity of the...

Tuesday, August 11, 2020

When working with an executive who has worked at, or is currently working at a publicly traded company, it is rare that we run into an individual who doesn’t have lingering outside holdings of said company. I like to refer to...

Monday, August 10, 2020

The Week on Wall StreetOverlooking stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched higher last week with the Dow Jones Industrials leading the way and the NASDAQ Composite setting multiple fresh record...

Monday, August 3, 2020

The Week on Wall Street Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package.The Dow Jones Industrial Average slipped 0.16%, while the...

Monday, July 27, 2020

The Week on Wall Street Stocks slipped in the final days of trading last week on higher jobless claims and rising tensions in the U.S.-China relationship. The Dow Jones Industrial Average lost 0.76%, while the Standard & Poor's 500...

Friday, July 24, 2020

Lately, it can feel like each day brings a new headline about fluctuating market behavior. But amid the ups and downs of 2020, there may be some potential good news on the horizon. On July 16, 2020, the interest rate for a 30-year...

Friday, July 24, 2020

The future of work is changing, right now. With it, many executives are evaluating their own personal future and whether their current employer and career path fits that vision. As more and more of you consider career opportunities...

Monday, July 20, 2020

The Week on Wall StreetStocks were mixed last week as investors reacted to positive economic data, progress on a COVID-19 vaccine, and the continued nationwide increase in COVID-19 cases. The Dow Jones Industrial Average gained 2.29%,...

Monday, July 13, 2020

The Week on Wall StreetStock prices notched solid gains last week, looking past an increase in COVID-19 cases and any potential economic concerns raised by the trend. The Dow Jones Industrial Average increased by 0.96%, while the...

Monday, July 6, 2020

The Week on Wall StreetIn a holiday-shortened week, stock prices turned higher as encouraging economic data outweighed an increase in COVID-19 cases and a rollback in economic re-openings. The Dow Jones Industrial Average rose 3.25%,...

Thursday, July 2, 2020

Getting sued by a former employer sucks! Even if you win, it can be an enormous time, financial and mental expense.Here's an interesting read for any of you executives considering new job offers. Here's a Connecticut native executive...

Monday, June 29, 2020

The Week on Wall StreetA jump in COVID-19 cases dampened investor enthusiasm last week, sending stock prices lower on worries that rising infections could derail the economic recovery. The Dow Jones Industrial Average slumped 3.31%,...

Monday, June 22, 2020

The Week on Wall StreetStocks moved higher last week on news of more Federal Reserve market support and diminished concerns that new COVID-19 cases might lead to another economic shutdown. The Dow Jones Industrial Average rose 1.04%,...

Friday, June 19, 2020

Partnerships: They're what make good things great.For us, we've been fortunate to build Spurstone with fulfilling partnerships with our clients and our institutional resources.SEI has been one of our key partners in delivering elite...

Monday, June 15, 2020

The Week on Wall StreetInvestor sentiment turned negative last week, amid an increasing number of COVID-19 cases in states where reopening has been underway as well as a subdued economic forecast from the Federal Reserve. The Dow...

Monday, June 8, 2020

The Week on Wall StreetA positive jobs report sent stocks soaring last Friday, capping a solid week as evidence of a global economic recovery outweighed concerns over civil unrest and tensions with China.The Dow Jones Industrial...

Monday, June 1, 2020

The Week on Wall StreetThe shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains. The Dow Jones Industrial Average rose 3.75%, while the Standard &...

Tuesday, May 26, 2020

The Week on Wall StreetUpbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.The Dow Jones Industrial Average rose 3.29%, while...

Thursday, May 21, 2020

Even in “normal” times, the news can be depressing. But these days, it can seem like there’s an awful lot to worry about. Here’s a sampling of the types of headlines I’ve seen recently: Why US hospitals...

Thursday, May 21, 2020

Monday, May 18, 2020

The Week on Wall StreetStocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell's unsettling comments on the economy and signs of renewed tensions with China.The Dow Jones Industrial Average fell 2.65%,...

Friday, May 15, 2020

The Internal Revenue Service knows that many taxpayers have had a stressful spring. So, it has reset the federal tax deadline. You now have until July 15 to file your 1040 form. July 15 is also the deadline to pay any federal taxes...

Monday, May 11, 2020

The Week on Wall StreetDespite a historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings, both here and abroad.The Dow Jones Industrial Average gained 2...

Monday, May 4, 2020

The Week on Wall StreetStock prices ended the week slightly lower, despite news of positive results from a test trial of a COVID-19 drug treatment and several states easing their economic lockdowns. The Dow Jones Industrial Average...

Monday, April 27, 2020

The Week on Wall StreetStock prices bounced around last week as investors reacted to wild swings in the price of oil and reports that called into question the efficacy of two potential virus treatments.The Dow Jones Industrial Average...

Monday, April 27, 2020

Stanley Black & Decker, Inc. quarterly insider trading window opened today and it has me thinking. If you have stock compensation, you need to be revisiting your plan for how you will navigate this storm, especially insiders who have...

Monday, April 20, 2020

The Week on Wall StreetStock prices pushed higher last week as news of a White House plan to reopen the economy and reports of a potential COVID-19 treatment helped the market overcome weak economic data and an ugly start to the...

Wednesday, April 15, 2020

Some people think the world has changed as a result of the Coronavirus. In many senses it has, but in others I think there are simply a lot of companies being exposed as the world flies right by them. Right now, you have an opportunity...

Monday, April 13, 2020

The Week on Wall StreetThe stock market staged a broad rally this week, buoyed by the prospect that COVID-19's grip on the nation may be easing and news of another Federal Reserve program to help stabilize businesses.The Dow Jones...

Monday, April 6, 2020

The Week on Wall StreetModest declines in stock prices this week masked the volatile inter- and intraday price swings as investors digested poor economic data and a warning from the president that the worst days of the COVID-19...

Friday, April 3, 2020

The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower. Worried investors believe "this time it's...

Thursday, April 2, 2020

Hey everyone, it's April 2, and I wanted to say Happy Anniversary to the whole Spurstone team, and all of our clients and all of our partners. It's 11 years now, and it's really been a wonderful ride, it's been a humbling experience....

Tuesday, March 31, 2020

Right now, it's too easy to get caught up in the negative. The news is yelling at you and everyone, not just news media, is updating you with the ever increasing case count. A person can only take so many links and headlines,...

Monday, March 30, 2020

An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a $2 trillion aid package improved investor sentiment and drove a strong rally in stock prices. The Dow Jones...

Friday, March 27, 2020

My kids played some hopscotch today. I hope you're not. This market has a lot of people making poor investment decisions. One minute they think the global economy is going to zero and then after just a day or two of big upswings they...

Wednesday, March 25, 2020

It's said that a politician should "never let a good crisis go to waste". Right now the same is true for your portfolio. Don't let this historic moment go to waste with inaction and idle hands. Seize this for all it's worth, some of...

Tuesday, March 24, 2020

“Executives and HR managers know coaching is the most potent tool for inducing positive personal change, ensuring better than average odds of success and making the change stick for the long term." - The Ivy Business Journal How...

Monday, March 23, 2020

It's a simple question: Are you a buyer or are you as seller? Your answer will tell you a lot about how to handle this market and also how you should have been handling your finances before. You're a buyer if you're in the "wealth...

Monday, March 23, 2020

The Week on Wall StreetThe stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy...

Monday, March 23, 2020

It's Sunday evening and now that we've got the kids to bed, I'm sitting and thinking about the future. The future that my daughters will grow up in. The longer this virus event persists, the more it will change how we all move forward...

Saturday, March 21, 2020

It's a springtime Saturday and there's a lot to get done on my property so I've decided to keep today's note light. I've learned a lot over the last decade as an entrepreneur. I've been fortunate to work with very successful...

Friday, March 20, 2020

"You never know who's swimming naked until the tide goes out" - Warren Buffett The above is a great quote from Warren Buffett. Right now, the tide is rushing out and what concerns me is that this market is exposing a lot of naked...

Thursday, March 19, 2020

Today I was planning to post about setting (and achieving) financial goals but I've decided to save that for another day. As the market route continues, I want to talk about a timely topic most investors overlook but we at Spurstone...

Wednesday, March 18, 2020

Take a minute and think about a beautiful horizon. A hot orange sun melting into an endless blue ocean. Have you ever actually been to the horizon? Can you get to that place where the dreams of the sky meet the realities of earth? Of...

Tuesday, March 17, 2020

Here's a blog series I'm starting today to help folks emerge from this latest crisis better positioned in their wealth. Check it out and please share!It's been said that a crisis is a terrible thing to waste. As the Coronavirus has...

Monday, March 16, 2020

The Week on Wall StreetMarkets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices.The Dow Jones Industrial Average fell 10...

Wednesday, March 11, 2020

As markets continue a downward volatile trend, led by Coronavirus fears and now oil market shakeups, there are a lot of executives wondering what this means for their wealth. A lot of these folks who in 2019 might have back-burnered...

Monday, March 9, 2020

The Week on Wall StreetHeightened coronavirus fears, falling yields, and Super Tuesday primary results sent stocks on a rollercoaster ride of sharp price swings, leaving stocks marginally higher for the week.The Dow Jones Industrial...

Thursday, March 5, 2020

We all make mistakes, but successful people learn from those mistakes and grow as a result. The 2019 stock market lulled a lot of executives into holding increasing positions in their employer stock with no strategy how to manage. They...

Monday, March 2, 2020

The Week on Wall StreetStocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending.The selloff became a correction for the U.S. markets. The S&P...

Monday, February 24, 2020

The Week on Wall StreetTraders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact the latter. Concern over updated infection numbers moderated risk appetite.A...

Friday, February 21, 2020

In the ever shifting landscape of banks, brokerage firms and service providers, Morgan Stanley confirmed they are acquiring e*Trade Financial Corp. While the media discusses the business rationale and the impact to general investors,...

Tuesday, February 18, 2020

The Week on Wall StreetDaily headlines about the coronavirus had little impact on stock market averages last week. Earnings and mergers had more influence. All three Wall Street benchmarks improved. The Nasdaq Composite rose 2.21%,...

Wednesday, February 12, 2020

The Week on Wall StreetStocks advanced four days out of five during the past market week, erasing the losses of the week before. The Nasdaq Composite surged 4.04%, the S&P 500 3.17%, and the Dow Jones Industrial Average 3.00%. Foreign...

Monday, February 3, 2020

The Week on Wall StreetStock benchmarks declined for a second straight week as coronavirus news tempered risk appetite.The S&P 500 fell 2.14% on the week. The Nasdaq Composite dipped 1.76%, and the Dow Jones Industrial Average, 2.55%....

Monday, January 27, 2020

The Week on Wall StreetStock prices fell last week as investors considered the potential health and economic risks of the flu-like coronavirus.Foreign stock markets, as tracked by the broad MSCI EAFE index, fell 1.03% for the week....

Tuesday, January 21, 2020

The Week on Wall StreetTraders were in an upbeat mood last week, reacting to news out of Washington: the signing of the phase-one trade deal between the U.S. and China as well as the Senate passage of the U.S.-Mexico-Canada Agreement...

Tuesday, January 14, 2020

The Week on Wall StreetThe market had a choppy five days, with traders reacting to geopolitical developments and weaker-than-expected jobs data. Even so, the three major U.S. equity indices posted weekly gains and continued their...

Tuesday, January 7, 2020

Did you know that yesterday was unofficially dubbed "Divorce Day"? Neither did I... Apparently it's due to the dramatic increase in Google searches and inquiries to divorce lawyers after a long holiday season. As a child of divorce...

Monday, January 6, 2020

The Week on Wall Street Stocks descended from record highs Friday, as traders reacted to a U.S. drone strike that killed Iran's top military officer. Oil prices rose more than 3% following the breaking news.[1] Wall Street benchmarks...

Monday, December 30, 2019

What Drove the Markets? Four factors influenced investment performance in 2019: a shift in U.S. monetary policy, the ongoing trade dispute between the U.S. and China, earnings, and the economy. Stocks reached record highs in 2019. The...

Monday, December 16, 2019

The Week on Wall Street The U.S. and China announced a limited trade agreement last week. That news lifted U.S. and foreign stocks, leading to weekly gains. Advancing 0.91% on the week, the Nasdaq Composite outperformed the S&P 500...

Monday, December 9, 2019

The Week on Wall Street Key Wall Street benchmarks were up and down last week – or rather down and then up. A Tuesday retreat was offset by a Friday rally spurred by the Department of Labor’s November jobs report. While the S&P 500...

Monday, December 2, 2019

The Week on Wall Street As November wrapped up, U.S. equity benchmarks advanced. Stocks were again aided by a sense of optimism that a preliminary U.S.-China trade deal could be near. For the week, the Nasdaq Composite added 1.87%;...

Monday, November 25, 2019

The Week on Wall Street Stocks declined last week as mixed signals emerged about the progress of U.S.-China trade negotiations. The three major Wall Street benchmarks all took weekly losses. The Dow Jones Industrial Average declined 0...

Monday, November 18, 2019

The Week on Wall StreetStock benchmarks were little changed for much of last week, but a rally occurred Friday after news broke that the U.S. and China could be closing in on the first phase of a new trade pact. At Friday's close, the...

Monday, November 11, 2019

The Week on Wall Street Domestic and international stocks rose last week. Risk appetite outweighed concerns about the state of U.S.-China trade discussions. The Dow Jones Industrial Average, Nasdaq Composite, S&P 500, and MSCI EAFE...

Monday, November 4, 2019

The Week on Wall Street A better-than-forecast jobs report prompted a stock market rally Friday, two days after traders witnessed another interest rate cut by the Federal Reserve. Both the S&P 500 and Nasdaq Composite ended the week...

Monday, October 28, 2019

The Week on Wall Street The S&P 500 came within 0.1% of a record close Friday. Stocks were lifted last week by positive news on U.S.-China trade negotiations, plus earnings announcements. The Nasdaq Composite posted the largest weekly...

Friday, October 25, 2019

Time is running out for certain GE pension plan participants to take advantage of their limited-time option to take their entire benefit as a lump sum or start payments ahead of the normal schedule. Elections must be made by 11/25/2019...

Monday, October 21, 2019

The Week on Wall Street Earnings helped give the Nasdaq Composite and S&P 500 a slight lift last week, offsetting investor disappointment over the small scope of the preliminary U.S.-China trade deal reached on October 11. Blue chips...

Monday, October 14, 2019

The Week on Wall Street Stock prices pushed higher last week, as investors remained hyper-focused on any new developments with the U.S. trade negotiations with China. The Dow Jones Industrial Average picked up 0.91%, while the...

Monday, October 7, 2019

The Week on Wall Street The fourth quarter started with a mixed week for equities. The Dow Jones Industrial Average lost 0.92% for the week; the S&P 500, 0.33%. In contrast, the Nasdaq Composite improved 0.54%. Overseas stocks pulled...

Monday, September 30, 2019

The Week on Wall Street Stocks retreated last week. Traders worried that the formal impeachment inquiry of President Donald Trump might distract White House officials from their pursuit of a trade deal with China, and shift the focus...

Monday, September 23, 2019

The Week on Wall Street Investors reacted to two major news items last week, one far more of a surprise than the other. The Federal Reserve did indeed make a rate cut, matching Wall Street expectations. Drone strikes on two of the...

Wednesday, September 18, 2019

Being in the executive seat through a corporate spinoff can be both an exciting and nerve-racking adventure. From the business side, successfully transitioning to an independent company and being judged for your business’...

Monday, September 16, 2019

The Week on Wall Street Stocks edged toward all-time peaks during a relatively calm week marked by easing trade tensions. Friday marked the eighth straight daily advance for the Dow Jones Industrial Average.[1] Small-cap shares, as...

Monday, September 9, 2019

The Week on Wall Street Stocks rose last week, with help from two developments: the announcement of further U.S.-China trade talks as well as August hiring and manufacturing numbers that seemed to bolster the argument for a rate cut...

Tuesday, September 3, 2019

The Week on Wall Street Fears of an impasse in the U.S.-China trade dispute lessened last week. While additional U.S. tariffs on Chinese imports were scheduled to take effect on September 1, China's government communicated that it...

Monday, August 26, 2019

The Week on Wall Street Traders assumed that the week's biggest news event would be Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole banking conference. Instead, China seized the headlines by announcing new...

Monday, August 19, 2019

The Week on Wall Street U.S. stock indices saw significant ups and downs last week, with traders looking for economic cues from Treasury yields and also developments in the tariff fight between the U.S. and China. The S&P 500 lost 1...

Monday, August 12, 2019

The Week on Wall Street Stocks spent much of last week rebounding from a Monday drop that reflected nervousness about the U.S.-China trade fight. By Thursday's closing bell, the S&P 500 had regained all its Monday losses - but it...

Monday, August 5, 2019

The Week on Wall Street Last week, the Federal Reserve cut interest rates for the first time in more than a decade, in line with Wall Street's expectations. Ironically, stocks had their worst week of 2019. The S&P 500 finished the...

Monday, July 29, 2019

The Week on Wall Street Last week, investors assessed earnings and the initial estimate of second-quarter economic growth, while awaiting the Federal Reserve's next announcement about interest rates. Stocks rose for the week;...

Monday, July 22, 2019

The Week on Wall Street Stock benchmarks retreated during the first week of the second-quarter earnings season. As some big names shared quarterly results, investors seemed more interested in what might happen at the Federal Reserve's...

Monday, July 15, 2019

The Week on Wall Street Friday, the S&P 500 settled above 3,000 for the first time, after rising 0.78% for the week. The Dow Jones Industrial Average chalked up a milestone of its own: the blue chips ended the week above 27,000,...

Monday, July 8, 2019

The Week on Wall Street U.S. stock benchmarks opened a new quarter positively. The S&P 500 gained 1.65% in the opening week of July; the Dow Jones Industrial Average, 1.21%; the Nasdaq Composite, 1.94%. Overseas, stocks in developed...

Monday, July 1, 2019

The Week on Wall Street A month of gains for stocks ended with a weekly retreat. The S&P 500 lost 0.30%; the Nasdaq Composite, 0.32%; the Dow Jones Industrial Average, 0.45%. In contrast, overseas shares, tracked by the MSCI EAFE...

Wednesday, June 26, 2019

The Week on Wall Street The S&P 500 hit an all-time peak of 2,964.03, in intraday trading Friday, while improving 2.20% across five market days. The Dow Jones Industrial Average and Nasdaq Composite posted respective, 5-day advances...

Monday, June 24, 2019

It’s one thing to love your employer. It’s a whole other thing to love your employer’s stock. Let’s rewind the clock and go back to the eve of the new millennium. It’s New Year’s Eve 1999 and you...

Monday, June 17, 2019

The Week on Wall Street Stocks advanced for a second straight week. The S&P 500 benchmark rose 0.47%; the Nasdaq Composite, 0.70%; the Dow Jones Industrial Average, 0.41%. Overseas shares, as tracked by the MSCI EAFE developed markets...

Monday, June 10, 2019

The Week on Wall Street Stocks rallied during a week in which Wall Street was buffeted by headlines. The S&P 500 rose 4.41%. The Nasdaq Composite and Dow Jones Industrial Average respectively added 3.88% and 4.71%. The MSCI EAFE index...

Monday, June 3, 2019

The Week on Wall Street Stocks struggled during a 4-day market week as the U.S.-China trade standoff continued to weigh on the minds of market participants. From the Friday, May 24 close to the Friday, May 31 close, the S&P 500...

Tuesday, May 28, 2019

The Week on Wall StreetStocks drifted lower last week as investors considered the possibility that the world's two largest economies might take some time to resolve key trade issues. The S&P 500 retreated 1.17%; the Nasdaq Composite,...

Monday, May 20, 2019

The Week on Wall Street Stocks fell sharply at the start of last week over trade tensions, then recovered with help from strong earnings and indications that U.S.-China trade talks would continue. Even so, the major indices had a down...

Monday, May 13, 2019

The Week on Wall Street As we noted recently, Wall Street has a wandering eye. Last week, it focused on the new tariff threats in the ongoing U.S.-China trade dispute. Stocks fell across five trading sessions: the Dow Jones Industrial...

Monday, May 6, 2019

The Week on Wall Street Stocks were up and down last week, and the three major benchmarks ended up little changed after five trading days. The S&P 500 rose 0.20% for the week; the Nasdaq Composite, 0.22%. The Dow Jones Industrial...

Monday, April 29, 2019

The Week on Wall Street Stocks returned to record territory, with both the S&P 500 and the Nasdaq Composite closing at historic highs. The S&P gained 1.20% for the week; the Nasdaq, 1.85%. The Dow Jones Industrial Average lagged,...

Friday, April 26, 2019

I heard recently that there are over EIGHT TRILLION text messages sent every day. Yes, TRILLION with a T. That means we are sending over 15 million texts every minute, and according to OneReach.com, the average text is responded to in...

Monday, April 22, 2019

The Week on Wall Street A short and relatively placid trading week wrapped up Thursday, with the major indices turning in mixed performances. The S&P 500 retreated 0.08%, the Nasdaq Composite advanced 0.17%, and the Dow Jones...

Tuesday, April 2, 2019

So much has changed for Ted and I since that fateful day and we had no idea what life had in store for us just around the corner. It was April 2nd, 2009, global financial markets were in turmoil and we were experiencing firsthand how...

Friday, September 14, 2018

Some moments in our lives are special and that can be for so many reasons. Some will be for grand events or achievements, but others for the simple beauty in a small snippet of time. I got lucky and had one of those just last week. It...

Wednesday, August 15, 2018

We see it all over the news. Another hack, more identities stolen, and more data being exposed. We're talking more and more about it with clients and rightfully so. It’s become the new world we live in and we all need to be...

Wednesday, July 18, 2018

Most executives come to Spurstone with an existing broker/advisor relationship. They may have worked with someone at a bank or brokerage firm who has managed a portfolio for them, sold them some investments, etc. In our experience this...

Wednesday, May 30, 2018

It started with a question during a recent new client interview: “I know I don’t have TENS of millions of dollars, but where do I fall on the scale for your firm? I need a lot of help but may not need everything you offer,...

Friday, April 6, 2018

Pay your taxes, but not one penny more… Everyone has to pay taxes. There is no way around that. But nobody should ever pay one penny more than they are legally obligated to! Our team oriented professionals work hard to make sure...

Sunday, March 25, 2018

“Yay! Let’s analyze my work benefits!” – Said no one. Ever.Most employees gloss over the minutia of their compensation package. They tend to evaluate cash compensation and health insurance most, then maybe the...

Wednesday, February 28, 2018

Earlier this year, just a day after Politico reported that Dr. Brenda Fitzgerald purchased shares in a tobacco company, she resigned from her position as Director of the US Centers for Disease Control and Prevention. While she has...

Friday, February 16, 2018

Spurstone Partner, Ted de Groot, elected to New England Air Museum Board of Directors Spurstone Executive Wealth Solutions is proud to announce the recent election of Ted de Groot to the Board of Directors for the New England Air...

Tuesday, February 13, 2018

I’ll admit it, sitting in front of a packed room of top advisors from throughout the country, taking questions and giving my insights around technology and client service was an oddly entertaining opportunity for me. Even writing...

Tuesday, February 6, 2018

Introducing the New Spurstone Logo! As the world continues to advance, so too does our firm. Each year, we distribute our annual client letter sharing the news of our growth and evolution. It has been exciting to build our business...

Friday, October 13, 2017

Welcome to the sixth, and final, part of the Spurstone Executive Wealth Solutions series discussing executive compensation negotiations and benefit considerations during a corporate spinoff. Through this series we are covering topics...

Friday, October 6, 2017

Welcome to the fifth part of the Spurstone Executive Wealth Solutions 6 part series discussing executive compensation negotiations and benefit considerations during a corporate spinoff. Through this series we are covering topics to...

Thursday, September 28, 2017

Welcome to the fourth part of the Spurstone Executive Wealth Solutions 6 part series discussing executive compensation negotiations and benefit considerations during a corporate spin off. Through this series we will be covering topics...

Thursday, September 21, 2017

Welcome to the third part of the Spurstone Executive Wealth Solutions 6 part series discussing executive compensation negotiations and benefit considerations during a corporate spin off. Through this series we will be covering topics...

Friday, September 15, 2017

Welcome to the second part of the Spurstone Executive Wealth Solutions 6 part series discussing executive compensation negotiations and benefit considerations during a corporate spin off. Through this series we will be covering topics...

Friday, September 8, 2017

Welcome to the first part of our 6 part series discussing executive compensation negotiations and benefit considerations during a corporate spin off. We will be covering topics to help you get a solid understanding of how your risks...

Friday, September 1, 2017

Estate planning is an often overlooked but crucial aspect of successful executive financial planning. An efficiently executed estate plan should mitigate taxes, address your unique needs and accomplish your legacy goals. With so many...

Friday, August 25, 2017

When it comes to life insurance, many successful executives can find themselves in a whole new world. There are many different types of insurance, features, funding options and venues to purchase through. With so much at stake for your...

Friday, August 11, 2017

Non-qualifying deferred compensation (NQDC) is an additional form of reward for highly compensated executives, where a qualified plan is considered too limited. A portion of earnings is withheld until a later point in time, usually...

Friday, July 28, 2017

Are you an ostrich or a magpie? What is your approach to financial planning for your retirement? Are you simply sticking your head in the sand hoping it will be all right in the end, ostrich-like, or are you keeping your wits about you...

Friday, July 14, 2017

Concerned not only about how you would pay for future healthcare, but the location and form of care you will receive? Let’s talk about it. More and more of the families we speak with are increasingly concerned in regards to...

Friday, June 30, 2017

Whether your company issued you stock options as part of your compensation package, you invest in company stock within your 401(k) plan, or you have the option to purchase company stock in an employee stock purchase plan (ESPP), there...

Friday, June 16, 2017

We live in a world fraught with risk. Almost no activity is "risk free" and a prudent investor knows that greater risk does not always mean greater reward. I believe successful families have a duty to be well educated on the risks they...

Friday, June 2, 2017

Every year, millions of Americans receive equity shares, or rights to future share purchases, from their employers. Often coming in the form of equity compensation, these share holdings can be a fantastic way for employers to reward...

Friday, May 19, 2017

Control from beyond the grave. It's an interesting thought. As a successful executive, you have invested time, stress, heartache and pride in your work and are fortunate enough to have the assets to enjoy the fruit of this labor. Not...

Thursday, May 4, 2017

Executive compensation can leave you with a substantial equity concentration and you may wish to think about diversifying the risk involved in this. Although such equity concentration can be enviable while the company is doing well,...

Friday, April 21, 2017

Navigating equity compensation requires understanding the pros and cons of different compensation offers, as well as an appreciation for the alphabet soup of acronyms you may encounter. While it may be tempting to just look at the...

Friday, April 7, 2017

Close your eyes and think about the structure of the business in which you work. What makes you successful is likely not the product you sell but the team of talent that surrounds you. You have specialists in each area of expertise...

Friday, January 27, 2017

Ask yourself this question: Is your Advisor a specialist or a generalist? Does he or she have a focused set of skills and resources to serve the unique needs of your family, or are they more general by providing basic advice for...

Friday, January 20, 2017

There’s a quote I use often by Harvey MacKay: “Time is free, but it is priceless. You can’t keep it, but you can spend it. Once you’ve lost it you can never get it back.” Understanding the concept of how...

Friday, January 13, 2017

Gone are the days of a lifelong job with a single employer. As millennials have entered the workforce and the landscape continues to change, it’s not unusual to see entire executive teams move firms seeking new and exciting...

Friday, January 6, 2017

Stock compensation can be both a wonderful and a malicious benefit. For many successful executives, these tools have been a source of great fortune and great pain, building dynastic family wealth while also dashing the lofty financial...

Friday, September 9, 2016

Wells Fargo, the largest U.S. bank by market cap, was hit with $185 million in fines yesterday for secretly creating millions of unauthorized customer bank accounts and credit cards in order to generate fees and boost employee sales...

Wednesday, May 18, 2016

Despite not being as well known as some other retirement tools, annuities account for 8.1% of all assets earmarked for retirement. With over $2.0 trillion in assets, annuities hold more funds than Roth IRAs.¹ An annuity is a...

Tuesday, May 10, 2016

You’re busy, we get it. With work and home demands, managing your wealth can often be seen as just one more thing for you to do. As a result, it often gets pushed to the back burner. You have good intentions and the reality is...

Thursday, August 13, 2015

Wings & Wheels with Associated Aircraft Group & NetJets Earlier in June, Spurstone Partners Ted de Groot and Tim Golas were invited by a client to attend the Associated Aircraft Group (AAG) & NetJets “Wings & Wheels” event...

Thursday, January 15, 2015

Spurstone Partner, Tim Golas, was recently profiled in the Wall St. Journal Wealth Advisor. This area of the Journal covers a range of topics relevant to investment and private wealth management, occasionally highlighting prominent...