Tag Archives: mutual funds up

POCKETBOOK weekend Sept. 15, 2018

 

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•Big Debts

Carry on all you’d like about the economy and a bull market that just doesn’t know when to stop running but make sure not to forget about, or overlook, the debt President Trump’s policies have put in place.

Each of us knows how important facing the debt we have in our personal lives is—and what happens when we overlook it. The same is true for government debt spending: debts need to be addressed and paid back.

According to the Congressional Budget Office, the government has spent a whole lot more during the past 11 months than it has brought in from taxes and revenues.

How much more? $895 billion more. That’s “b” as in “billion”  not “m”. And is a figure that reflects an increase of  33 percent.

Debts matter.

 

  • Market Quick Glance

Year-to-date gains still gaining.

Below are the weekly and 1-year index performance results for the four major indices—DJIA, S&P 500, NASDAQ and the Russell 2000— including the dates each reached new highs. Data according to CNBC.com and based on prices at the close of business on Friday, Sept. 14, 2018.

DJIA 5.81% YTD up from previous week’s return of 4.84%.

  • 1 yr Rtn 17.90% down from the previous week 18.97 %

Most recent DJIA all-time high was reached on January 26, 2018 of 26,616.71. The previous high was reached January 18, 2018 was 26,153.42.

 

-S&P 500 8.65% YTD up from last week’s 7.41%

  • 1 yr Rtn 16.40% down a hair from last week’s 16.41%

The S&P 500 reached a BRAND NEW CLOSING ALL-TIME HIGH on August 29, 2018 of 2,916.50. The previous closing high was reached on August 24, 2018 of 2,876.16.

 

-NASDAQ 16.03% YTD up from last week’s 14.47%

  • 1yr Rtn 24.59% up from last week’s 23.52%

Nasdaq reached a BRAND NEW 52-week CLOSING HIGH on August 30, 2018 of 8,1333.30. The previous high was reached on August 24, 2018 of 7,949.71.

 

-Russell 2000 12.13% YTD up from last week’s 11.57%

  • 1yr Rtn 20.82% down from last week’s 22.49%

The Russell 2000 reached a BRAND NEW 52-week ALL-TIME HIGH on August 31, 2018 of 1,742.09. The previous high was reached on August 24, 2018 of 1,726.97.

 

-Mutual funds

Moving up a bit.

At the close of business on Thursday, Sept. 13,2018, the average total return for funds that fall under the U.S. Diversified Equity Funds heading was 8.96%. That’s up  from the previous week’s 8.26%, according to Lipper.

It continues to be a Small-Cap Growth Funds world, as funds here now up on average 22%.

Comparing that group’s return with 25 of the largest individual funds around, (largest in terms of assets), and it’s the Invesco QQQ Trust 1 with the best y-t-d performance at 18.92%

Fifteen of the 25 funds in that listing have returns over 10%. Impressive.

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.

 

  • Yahoo!! Your SS check is going up!

It’s mo money time, almost.

Every October, along with the ghosts and goblins of the season, the Social Security Administration announces what their cost of living (COLA) adjustments for the coming year will be.

And there is good news for those of us who count on every penny from that government check: It’s going up 2.8%.

Translating that into dollars and cents, the average Social Security check in 2018 is $1400. Beginning in January 2019, if the world doesn’t fall apart by then, that check will see an increase of $39.

While that’s the good news, the not-so-hot good news is that inflation is running around that same amount.

Bottom line: Don’t expect that extra 2.8% increase to have much purchasing power next year.

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POCKETBOOK: Week ending Dec. 22, 2017

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  • Grinch’s tax plan

President Trump’s new tax law will make multi-millionaires and billionaires wealthier than they have been in years. Too bad that’s not the majority of us.

Top the new tax changes off with the DJIA up over 25% this year, unless the roof blows off between now and the last trading day of the year, Dow portfolios were 25% plumper as of Friday than they were at that time last year. Too bad the majority of us aren’t invested in it either.

Then again, this is a president who plays to the minority—the wealthy and those less financially fortunate who believe he really cares about them —and the tax law changes from him and his Republican party show it.

For instance, if you are a  childless family—as the vast majority of families in America are— any increase in child tax credits is meaningless to you. Putting that into perspective, in 2016 there were roughly 7 million families in our country sporting three or more children, according to Statista.com. And, 13 million families had two kids, 14.8 million had one child and 47.5 million families had no children. So that doubling of tax credits for families with kids sounds like a bigger gimme than it actually is.

Eliminating all of the interest deduction for folks in with middle and lower incomes with a home equity loan matters a lot to them. And so does totally eliminating the personal exemption of $4,050 for each member of your family as it takes the juice out of that doubling of the standard deduction to $12,000 for individuals and $24,000 for joint filers. That point never got talked about much in the press before the signing of the new tax law but the personal exemption loss is a loss and no bonus prize for any family.

The jury is still out on the impact changes in charitable giving will have to both the givers and the receivers of the gifts. And who knows what court challenges will arise after what President Trump said this is the biggest tax cut in history. For the record, it’s not.

But what may turn out to be the biggest of anything this president has done will be what the impact of the challenges Our Master’s new tax law will mean to the Little People going forward.

Happy Boxing Day.

 

  • Market Quick Glance

Last week was a merry week for index followers as all four followed here closed up for the week.

Below are the weekly and 1-year index performance results for four major indices— including the dates each reached new highs—according to CNBC.com based on prices at the close of business on Friday, December 22, 2017.

DJIA +25.26% YTD up from last week’s 24.74%.

  • 1 yr Rtn +24.27% up from last week’s 24.18%

 

Another new high for the DJIA was reached on December 18, 2017 of 24,876.07. The previous high was reached on December 15, 2017 with the Dow closing at 24,688.62

On March 1, the Dow stood at 21,169.11.

 

-S&P 500 +19.85% YTD up from last week’s 19.52%.

  • 1yr Rtn +18.68% up from last week’s +18.29%

The S&P 500 reached another new high on December 18, 2017 of 2,694.97. The previous high was on December 15, 2017 of 2,679.63.

On March 1, 2017, that index stood at 2,400.98.

 

-NASDAQ +29.29% YTD up from last week’s +28.86%.

  • 1yr Rtn +27.77% up from last week’s 27.12%

 

Nasdaq reached a new high of 7,003.89 on December 18, 2017. Its previous high was reached on December 15, 2017 of 6,945.82

.On April 5, 2017 the index closed at 5,936.39.

 

-Russell 2000 +13.69%YTD up from last week’s +12.77%

1yr Rtn +13.23% way up from last week’s +12.00%

The Russell 2000 reached a new all-time high on December 4, 2017 of 1,559.61.

The previous high was reached on November 30, 2017 of 1,551.69.

On March 1, 2017 this index stood at 1,414,82.

 

-Mutual funds

A lovely jump up in the year-to-date average cumulative total reinvested returns for equity funds that fall under the broad U.S. Diversified Equity Funds heading. On Thursday, December 21, 2017, it was 18.57%, according to Lipper. That’s up from the close on Thursday of the previous week of 16.59%.

Under that heading the top three and lowest three performing fund types were:

Top Three:

-Equity Leverage Funds, average +41.50%

-Large-Cap Growth Funds, +29.89%

-Mulit-Cap Growth Funds, +28.63%

 

Bottom Three:

-Dedicated Bias Funds, -22.79%

-Alternative Equity Market Neutral Funds, +0.05%

-Small-Cap Value Funds, +9.60%

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.

 

  • Enjoy

May this last week of 2017 be a happy one for you and yours.

And may the fairy of good luck, fortune, health, friendships, humor and happiness live with you each day in the coming New Year.

Cheers to the welcoming in of 2018.

 

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