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EU rules block investors from buying ETFs

EU rules block investors from buying ETFs

Rules that went into effect January 1, 2018, set out by the European Commission, “Mifid II,” prevent investors in the European Economic Area from investing in U.S. domiciled exchange-traded funds (ETFs), among others. Americans living in Europe are also finding themselves affected as they may have or will start to see their brokers limit access to these financial products. This greatly limits investor’s options, as Europe finds every way to keep investors’ money within the un

A short history of market corrections

A short history of market corrections

Senator Schumer accused President Trump of having temper tantrums. This also is a good description of the markets in recent weeks. The S&P 500 dropped by an amount not seen since the 2008 financial crisis, putting us at -12% for the year. And more tantrums are expected. On Friday, President Trump warned that he might fire Federal Reserve Chairman, Jay Powell, although the White House since rebuked that. This comes after a surprise quarter point rise of the short-term interest

Year-end tax tips

Year-end tax tips

As we come to a close on another gyrating year, when it comes to tax tips, this time it’s different. With the launch of the Trump tax plan January 1, 2018, the “Tax Cuts & Jobs Act” implemented material changes. One significant example is that it removed personal exemptions and increased the standard deduction. This means that if you were once itemizing, you may no longer. It’s also worth noting that most of these changes sunset in 2024, making this decade a potential windfal

Are we in a recession?

Are we in a recession?

Investopedia describes a recession as a “significant decline in economic activity that goes on for more than a few months”^1. This does not describe the current environment. While stocks have reached an epochal point of volatility not seen since 2008, the US economy continues to show strength. Setting aside for a moment the developing trade and political crisis that we’re facing, global unemployment reached significant new lows and consumer confidence continues to increase, p

Checking your emotions during market volatility

Checking your emotions during market volatility

Investors saw relief as the Federal Reserve Chairman corrected statements suggesting that they will slow the pace of further rate rises. The S&P ended up 4.20% higher last week, putting the year-to-date gain at about 3%. This comes after a month of market volatility that hasn’t been seen since Sept., 2011; investors’ emotions have been tried and tested. Some investors look the other way while others make failed-attempts to save their portfolio from short-term losses, only lea