Blog Index
Why I Became A Financial Advisor
You work hard for your money, but is your money working hard for you? It’s this simple question that motivated me to pursue a career in the financial industry. I believe everyone should understand their finances so they can make the best decisions for their money, and I wanted to play a role in helping others do just that.
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How Can You Lose Money and Owe Taxes?
Being down 20% or 30% on your investments in any given year is a hard pill to swallow. What is even harder to swallow, you might also have to pay capital gains taxes as well. Let that sink in for a moment. You have lost money and yet you still owe taxes. A number of mutual fund investors in 2022 will experience this one-two punch if they hold their mutual funds outside of their 401k’s or IRA’s (i.e taxable accounts). For example, the fund value has dropped from $20 a share to $15 this year. The fund makes a capital gain distribution, due to selling holdings that have appreciated. The capital gain is taxable, regardless of losing 25% of the value of the fund. 40% of funds expect to distribute a capital gain, according to data compiled by BlackRock.
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Why Investors Should Only Buy Individual Fixed Income Securities
LCM Capital Management has always been a big proponent of buying, whenever possible for our clients, individual fixed income securities such as municipal bonds, CD’s, Treasuries etc. Owning and managing an investment advisory firm, as my partner and I have for the last 23 years, we are constantly inundated by mutual fund companies or Exchanged Traded Fund (ETF) providers explaining the “benefits” to us, for our clients, in using their products. In their defense, it’s their job and if I was in their shoes, I would do the same thing since firms such as ours have already done the heavy lifting part which is finding and retaining clients. But I’m not one of them and I believe our clients are better off and happier because of that.
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Recession? No Recession? It’s Anyone’s Guess, Even the Federal Reserve
According to recent Atlanta Fed GDP models, they are now projecting above forecast economic growth as we move through the year.
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The Truth Behind Market Returns During Election Years and Presidential Terms
Unless you have been living under a rock, you are well aware of not only all the chaos within the Democratic party causing President Biden to step away from the presidential race, but also the attempted assassination of former President Trump. So what does all this mean for the stock market and maybe more importantly, your own portfolio?
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Why Economists Are Always Wrong
“It's tough to make predictions, especially about the future.” … Yogi Berra
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Time IN the Market
“I do not know of anybody who has done [market timing] successfully. I don’t know anybody who knows anybody who has done it successfully and consistently” - Jack Bogle, Founder Vanguard.
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The Hottest Party on Wall Street is One You Might Not Want an Invite To
If there is one thing Wall Street loves, it is a hot new trend that promises high returns, exclusivity and limited correlation to the stock and bond markets. The latest products? Private Credit, Private REITs (Real Estate Investment Trusts), and anything else that is not traded on a public exchange.
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