Front Page|Our Services|Our Team|Client Center|Financial News|Events|Contact Us

Financial Briefs

More Articles  Printer Friendly Version

 

Staying Focused On Strategic Financial Planning

4862 1

Amid the suffering and tragedy of the worsening pandemic, here are three timely tips to build wealth over the long haul.

4862 2

1. The Atlanta Federal Reserve’s running estimate of real GDP growth is much higher than the consensus forecast, indicating 2020 may end with a positive surprise. The consensus forecast of economists is for a growth rate of 4% for the United States economy in the fourth quarter of 2020, but the GDPNow algorithm devised by the Atlanta Fed indicates the quarterly growth rate is running at a whopping 11.2%! GDPNow grows more accurate as the end of the quarter nears. and, with just 27 days left to the end of the quarter, the December 4 reading was way above expectations of economists.

4862 3

2. A second round of federal emergency relief is being negotiated by federal lawmakers. Both houses of Congress are expected to draft and adopt the aid package before legislators head home for the holidays on Dec. 11. The $908 billion plan under consideration would add to the mountain of cash Americans have assembled in recent months in checking, savings and money market accounts. The history-making cash hoard was built primarily from direct Covid relief payments, but staying home to avoid infection has also caused an unprecedented expansion of the money supply. A bleak outlook for bond income could send some of the cash sitting on the sidelines into housing and stocks.

3. A second round of funding for the Paycheck Protection Program (PPP) to aid small businesses is contained within the draft of the emergency aid legislation expected to be enacted. If enacted, the second round of PPP aid will extend a lifeline to the millions of business owners who have taken a beating in 2020. The first round of PPP was widely criticized as favoring larger companies at the expense of "mom and pop" shops, so the second round is designed to be different. Questions about potential loan forgiveness and whether business owners who already received PPP loans will qualify for a second round of forgivable loans will be answered in our news stream in the days ahead.

Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. It does not take into account your investment objectives, financial or tax situation, or particular needs. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. The material represents an assessment of financial, economic and tax law at a specific point in time and is not a guarantee of future results.


Email this article to a friend


Index
Two Observations That May Make Higher Taxes Easier To Bear
John Oliver's Economic Analysis Is No Joke
Are You A Risk To Your Financial Health?
News Analysis: Today’s Testimony By The Fed Chair And Treasury Secretary
Pandemic Financial Pain Is A Thing
Capitalizing On Current Financial Economic Trends
The Cost Of Not Having A Financial Plan Is Surging
Equity Risk Premium Grew Wider And More Important
The Facts Amid Rising Fears Of Inflation
New Identity Fraud Tactic Targets Amazon Prime Users
A Professional Perspective On 2020, The Cruelest Year
Viewing Financial News Through The Long Lens Of History
Act Before Hitting The Crossroad Of Fiscal And Tax Reality
The Bull Market Broadened Recently
An Important Investment Idea To Remember In 2021
New Covid Aid Law Waives 10% Penalty On Pre-59½ Retirement Plan Withdrawals

This article was written by a professional financial journalist for Vantage Point Financial Services, LLC and is not intended as legal or investment advice.

©2021 Advisor Products Inc. All Rights Reserved.
© 2021 Vantage Point Financial Services, LLC | 329 Regency Ridge Drive, , Centerville, OH 45459 | All rights reserved
P: 937-432-1111 | F: 937-432-1110 markblack@vantagepointadvisor.com |
Contact Us

Securities offered through First Allied Securities, Inc., A Registered Broker/Dealer, Member: FINRA / SIPC.
Advisory services are offered through First Allied Advisory Services, Inc., A Registered Investment Adviser.

This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation. This site has been published in the United States for resident of the United States. Persons mentioned in this site may only transact business in states in which they have been properly registered or are exempt from registration.

Privacy Policy | ADV