MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     MCLA     City Statistics    
Search
Home About Archives RSS Feed
The Independent Investor: Paid Family & Medical Leave Overdue
By Bill Schmick,
04:28PM / Thursday, July 18, 2019
Paid family and medical leave are long-overdue in this country   What do the United States, Papua New Guinea and Oman have in common? Those are the only three countries in the world that do not legally obligate employers or taxpayers to pay for maternity leave.   Many American businesspeople will hide behind a knee-jerk response to the above statement: "We are a free-market society," they will argue, "and paid leave is paramount to just another form of socialism."   Good try, but that old argument is no longer based in facts. Free markets have given way to corporate socialism in this country, while corporations are now legally

0 Comments
Read More >>

@theMarket: Looking Ahead
By Bill Schmick,
03:58PM / Friday, July 05, 2019
Will the second half of the year be as good as the first half for the markets?   The S&P 500 Index finished up 18 percent for the six months ending June 30. That was the best first half since 1997. Historically, that kind of return is three times the gains investors can normally expect from the market in an average year. The chance of a repeat performance in the next six months is, at best, remote.   That doesn't necessarily mean this is as good as it gets for stock investors. My near-term target for the S&P 500 Index is somewhere around 3,050, which is a further 4 percent gain from here. From my vantage point, as long as interest rates continue to

0 Comments
Read More >>

The Independent Investor: Home Equity Can Pay for Long-Term Care
By Bill Schmick,
04:54PM / Wednesday, July 03, 2019
A home equity conversion mortgage (HECM) might simply be a fancy term for a reverse mortgage, but there are an increasing number of advisers and planners who are using them for an entirely different strategic planning purpose.   If you ask most couples in their 60s and beyond what is one of the greatest fears for their future, I'm betting that going bankrupt and/or losing their home and life savings as a result of nursing home bills would be right up there near the top.   We all have horror stories to tell of how one or both spouses needed to go into a nursing home and the costs drained all their assets and then some. Before they could apply for Medicaid,

0 Comments
Read More >>

@theMarket: G-20 Weighs on Stocks
By Bill Schmick,
05:06PM / Friday, June 28, 2019
It wouldn't be a normal weekend in the financial markets without something to worry about. This weekend, it is the meeting of the two presidents, Trump and Xi, in Japan with $350 billion in new tariffs hanging on the outcome. What are the odds that they clinch a deal?   Not great, in my opinion. That doesn't necessarily mean that we need to brace for a worldwide economy-killing deluge of massive tariffs and counter-tariffs either. There is too much at stake for Donald Trump and China knows it. Instead, I expect we will get a classic Trumpian foreign policy "speak loudly and carry a little stick" maneuver.   Robert Lighthizer, our U.S. trade

0 Comments
Read More >>

The Independent Investor: Reverse Mortgages
By Bill Schmick,
04:17PM / Thursday, June 27, 2019
Some Baby Boomers have found themselves financially between a rock and a hard place. Rising costs, insufficient retirement savings and, in some cases, health issues, have forced seniors to consider taking out a reverse mortgage on the only asset they own. Is it a good idea?   For those who don't know, a reverse mortgage is a loan that uses a primary residential dwelling as collateral. It provides an option to generate cash by borrowing money against their home equity. Funds can be drawn as a fixed monthly payment, or a line of credit.   In order to participate, at least one owner must be over 62 years old. The bank or financial entity figures out what the

0 Comments
Read More >>

NorthAdams.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved