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3 Potential Benefits of Dollar Cost Averaging
We put together this short presentation video as a reminder and overview of the three primary benefits of dollar-cost averaging. It is appropriate for investors considering or already utilizing a systematic investing plan, including retirement plan participants in a 401k or 403b. Click here for the video on the three primary benefits of dollar-cost-averaging Chesapeake…
Read MoreCLIENT ALERT: House Passes the American Health Care Act
On May 4, 2017, the House of Representatives passed the American Health Care Act (AHCA). With some changes, this is essentially the same law that was pulled from consideration by the House back in March. Compared to the Affordable Care Act (ACA or Obamacare), the AHCA repeals the health insurance mandate for both individuals and…
Read MoreAt Schwab your voice can be your password
How does no more PINs and no more personal questions sound? Schwab has introduced a new voice ID service that allows you to access your Schwab accounts by saying, “At Schwab, my voice is my password.” The new technology uses voice biometrics to identify different behavioral and physical characteristics unique to your voice. It is…
Read MoreWhen do I need to open a Roth IRA?
The deadline for opening a Roth IRA account and making contributions is April 15th of the following tax year. For instance, the deadline to make contributions for the 2016 tax year is April 17, 2017; that’s because the 15th falls on a weekend! So, open a Roth IRA on April 17, 2017 and make a deposit…
Read MoreNew & Improved Paperless Enrollment on SchwabAlliance.com
Is your mailbox overflowing? Do you want a more secure delivery system than having your paper statements sitting in the mailbox for anyone to steal? How about saving a few bucks on equity trade transaction fees? It’s all available via Schwab’s Paperless Statement and E-delivery services on SchwabAlliance.com. Schwab allows you to receive your documents…
Read MoreThe Fall of a “Titan” – Even the Best Underperform
In 2014, hedge fund “titan” Bill Ackman managed to earn a 40% return, dramatically outperforming the S&P 500 by over 26%. His fund saw an influx of new investor money and its portfolios’ values ballooned to about $20 billion! As of Wednesday, February 24, 2016, that 40% gain has been nearly erased. Ackman’s fund lost 20.5%…
Read MoreIt’s Tax time.
Chesapeake Financial Advisors & Charles Schwab offer automatic downloads of your tax forms. Schwab changed the 2016 mailing dates for the 1099 Composite and Year-End Summary tax report. This change was implemented due to an increase in the number of mutual funds and ETFs that reclassify their income in late January and early February. The…
Read More5 Keys to a Long Term Strategy in a Volatile Market
Five Keys to maintaining a Long Term Strategy: Maintain Perspective– quick impulse decisions can undermine long-term growth. Patience has rewarded stock holders throughout history. Know your Goals– Focus on your investing objectives and keep your systematic investment approach to reaching your long-term goals. Take emotions out of the market swings. Benefits of Asset Allocation– A…
Read MoreA Shift to Value?
Over the last several weeks we have seen a sharp drop in the stock market. Is this a simple correction or something more? Or could there be something else going on? It is hard to turn on the financial news for an hour or so and not hear several different opinions about the valuations of…
Read MoreWhat you should do after winning the Powerball jackpot?
We thought we would have some fun with this as Powerball fever sweeps the nation. Someone, somewhere in America or a group of people are about to have their live’s changed forever. We have all heard about the horror stories of those previous winners that are now bankrupt. It doesn’t have to be that way.…
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